SG Americas Securities LLC Boosts Stock Holdings in Equity Lifestyle Properties, Inc. $ELS

SG Americas Securities LLC raised its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 4.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 197,457 shares of the real estate investment trust’s stock after purchasing an additional 8,559 shares during the period. SG Americas Securities LLC owned 0.10% of Equity Lifestyle Properties worth $12,325,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Wiser Advisor Group LLC bought a new stake in shares of Equity Lifestyle Properties in the third quarter valued at $25,000. GoalVest Advisory LLC bought a new position in shares of Equity Lifestyle Properties during the 4th quarter worth $25,000. Caitong International Asset Management Co. Ltd increased its holdings in Equity Lifestyle Properties by 943.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 453 shares during the last quarter. Clearstead Trust LLC increased its holdings in Equity Lifestyle Properties by 74.8% in the 4th quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 231 shares during the last quarter. Finally, Fulcrum Asset Management LLP purchased a new stake in Equity Lifestyle Properties in the 3rd quarter worth about $34,000. 97.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Weiss Ratings downgraded shares of Equity Lifestyle Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. Barclays reduced their target price on shares of Equity Lifestyle Properties from $71.00 to $68.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Wall Street Zen raised shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Robert W. Baird raised their price objective on shares of Equity Lifestyle Properties from $73.00 to $74.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Finally, Truist Financial set a $67.00 price objective on shares of Equity Lifestyle Properties and gave the company a “hold” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $69.20.

Equity Lifestyle Properties Trading Up 2.3%

Shares of Equity Lifestyle Properties stock opened at $64.35 on Friday. The company’s 50-day moving average price is $63.02 and its 200-day moving average price is $63.66. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.29. Equity Lifestyle Properties, Inc. has a 12-month low of $58.15 and a 12-month high of $69.00. The company has a market cap of $12.48 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 3.83 and a beta of 0.67.

Equity Lifestyle Properties (NYSE:ELS) last posted its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.56 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.28). Equity Lifestyle Properties had a return on equity of 21.22% and a net margin of 24.99%.The business had revenue of $397.62 million for the quarter, compared to analysts’ expectations of $395.71 million. During the same quarter in the previous year, the firm earned $0.57 earnings per share. Equity Lifestyle Properties’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts expect that Equity Lifestyle Properties, Inc. will post 3.18 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be given a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, June 26th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 108.50%.

Equity Lifestyle Properties Profile

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.