Archer Investment Corp Grows Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Archer Investment Corp boosted its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 42.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,680 shares of the real estate investment trust’s stock after buying an additional 500 shares during the quarter. Archer Investment Corp’s holdings in Equity LifeStyle Properties were worth $120,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. V Square Quantitative Management LLC grew its holdings in Equity LifeStyle Properties by 31.3% during the 3rd quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 146 shares in the last quarter. Johnson Investment Counsel Inc. increased its holdings in shares of Equity LifeStyle Properties by 0.6% in the second quarter. Johnson Investment Counsel Inc. now owns 26,792 shares of the real estate investment trust’s stock worth $1,745,000 after purchasing an additional 152 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Equity LifeStyle Properties by 0.9% in the second quarter. Toronto Dominion Bank now owns 16,974 shares of the real estate investment trust’s stock worth $1,106,000 after buying an additional 154 shares in the last quarter. LRI Investments LLC raised its holdings in shares of Equity LifeStyle Properties by 8.7% during the 2nd quarter. LRI Investments LLC now owns 2,132 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 171 shares in the last quarter. Finally, Farrow Financial Inc. grew its holdings in shares of Equity LifeStyle Properties by 1.0% in the second quarter. Farrow Financial Inc. now owns 22,089 shares of the real estate investment trust’s stock valued at $1,439,000 after purchasing an additional 211 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Insider Buying and Selling

In other news, CEO Marguerite M. Nader sold 33,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $75.52, for a total transaction of $2,492,160.00. Following the transaction, the chief executive officer now directly owns 260,936 shares in the company, valued at approximately $19,705,886.72. This trade represents a 11.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Paul Seavey sold 31,988 shares of Equity LifeStyle Properties stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $74.83, for a total value of $2,393,662.04. Following the completion of the transaction, the chief financial officer now owns 148,463 shares in the company, valued at $11,109,486.29. This represents a 17.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

Equity LifeStyle Properties Stock Performance

Shares of Equity LifeStyle Properties stock opened at $70.89 on Friday. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.35. The stock’s fifty day moving average is $70.81 and its two-hundred day moving average is $67.78. Equity LifeStyle Properties, Inc. has a 52 week low of $59.82 and a 52 week high of $76.60. The company has a market capitalization of $13.54 billion, a PE ratio of 36.54, a price-to-earnings-growth ratio of 3.85 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.28). The company had revenue of $387.30 million during the quarter, compared to analysts’ expectations of $315.78 million. Equity LifeStyle Properties had a return on equity of 24.10% and a net margin of 23.97%. The company’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 EPS. As a group, analysts expect that Equity LifeStyle Properties, Inc. will post 2.92 earnings per share for the current year.

Equity LifeStyle Properties Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be issued a $0.477 dividend. The ex-dividend date is Friday, December 27th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.69%. Equity LifeStyle Properties’s payout ratio is 98.45%.

Analysts Set New Price Targets

ELS has been the topic of a number of recent research reports. Compass Point upped their price target on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $68.00 price target on shares of Equity LifeStyle Properties in a report on Wednesday, July 24th. Robert W. Baird boosted their price objective on Equity LifeStyle Properties from $71.00 to $72.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group started coverage on Equity LifeStyle Properties in a research note on Thursday, October 17th. They issued a “hold” rating and a $72.00 price objective for the company. Finally, UBS Group upgraded Equity LifeStyle Properties to a “strong-buy” rating in a report on Thursday, October 10th. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Equity LifeStyle Properties presently has an average rating of “Moderate Buy” and a consensus target price of $72.50.

Equity LifeStyle Properties Company Profile

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.