Guggenheim Capital LLC Sells 36,039 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Guggenheim Capital LLC trimmed its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 82.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,885 shares of the real estate investment trust’s stock after selling 36,039 shares during the quarter. Guggenheim Capital LLC’s holdings in Equity LifeStyle Properties were worth $525,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its position in shares of Equity LifeStyle Properties by 43.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 171 shares during the last quarter. Bessemer Group Inc. increased its holdings in Equity LifeStyle Properties by 121.4% during the fourth quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 210 shares during the last quarter. Carmel Capital Partners LLC raised its position in Equity LifeStyle Properties by 3.6% in the fourth quarter. Carmel Capital Partners LLC now owns 6,533 shares of the real estate investment trust’s stock worth $435,000 after acquiring an additional 230 shares during the period. Corient Private Wealth LLC boosted its stake in Equity LifeStyle Properties by 1.0% in the fourth quarter. Corient Private Wealth LLC now owns 22,861 shares of the real estate investment trust’s stock valued at $1,523,000 after acquiring an additional 230 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in shares of Equity LifeStyle Properties by 7.7% during the 4th quarter. Quadrant Capital Group LLC now owns 3,256 shares of the real estate investment trust’s stock valued at $217,000 after acquiring an additional 232 shares during the period. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Trading Down 0.5 %

Equity LifeStyle Properties stock opened at $63.11 on Friday. The stock has a market cap of $12.06 billion, a P/E ratio of 32.36, a PEG ratio of 3.02 and a beta of 0.72. Equity LifeStyle Properties, Inc. has a fifty-two week low of $58.86 and a fifty-two week high of $76.60. The firm’s fifty day moving average price is $66.25 and its 200-day moving average price is $67.50. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02.

Equity LifeStyle Properties (NYSE:ELS) last released its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share for the quarter, meeting the consensus estimate of $0.83. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. The firm had revenue of $327.21 million for the quarter, compared to analysts’ expectations of $391.34 million. During the same quarter last year, the firm posted $0.59 EPS. Equities research analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date was Friday, March 28th. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. Equity LifeStyle Properties’s payout ratio is currently 106.74%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ELS. Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $66.00 to $73.00 in a research note on Tuesday, January 21st. Robert W. Baird lifted their price objective on Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Evercore ISI dropped their price objective on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating on the stock in a report on Tuesday, January 28th. Truist Financial upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Finally, Royal Bank of Canada dropped their price target on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $74.10.

Equity LifeStyle Properties Profile

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.