Equity Lifestyle Properties, Inc. $ELS Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,079 shares of the real estate investment trust’s stock after selling 3,254 shares during the period. Mutual of America Capital Management LLC’s holdings in Equity Lifestyle Properties were worth $5,864,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ELS. Brooklyn Investment Group lifted its holdings in Equity Lifestyle Properties by 673.7% in the first quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 384 shares during the last quarter. National Pension Service lifted its holdings in Equity Lifestyle Properties by 75.0% in the first quarter. National Pension Service now owns 644 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 276 shares during the last quarter. IFP Advisors Inc lifted its holdings in Equity Lifestyle Properties by 874.7% in the second quarter. IFP Advisors Inc now owns 848 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 761 shares during the last quarter. SVB Wealth LLC acquired a new position in Equity Lifestyle Properties in the first quarter valued at approximately $61,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Equity Lifestyle Properties by 31.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,426 shares of the real estate investment trust’s stock valued at $95,000 after acquiring an additional 345 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Equity Lifestyle Properties Stock Up 0.1%

NYSE:ELS opened at $62.98 on Wednesday. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.24. The stock’s fifty day moving average is $60.97 and its two-hundred day moving average is $62.12. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $73.67. The stock has a market capitalization of $12.21 billion, a price-to-earnings ratio of 32.63, a price-to-earnings-growth ratio of 3.40 and a beta of 0.71.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.69 EPS for the quarter, hitting analysts’ consensus estimates of $0.69. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%.The company had revenue of $313.29 million for the quarter, compared to analysts’ expectations of $377.59 million. During the same period in the prior year, the firm earned $0.66 earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. Research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued a dividend of $0.515 per share. The ex-dividend date was Friday, September 26th. This represents a $2.06 annualized dividend and a yield of 3.3%. Equity Lifestyle Properties’s dividend payout ratio is 106.74%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ELS shares. Morgan Stanley decreased their price objective on Equity Lifestyle Properties from $67.50 to $62.50 and set an “equal weight” rating on the stock in a report on Thursday, September 4th. Wells Fargo & Company decreased their price objective on Equity Lifestyle Properties from $82.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Truist Financial set a $68.00 price objective on Equity Lifestyle Properties and gave the company a “buy” rating in a report on Wednesday, July 30th. Compass Point upgraded Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Tuesday, July 22nd. Finally, Royal Bank Of Canada decreased their price target on Equity Lifestyle Properties from $67.00 to $66.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 23rd. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Equity Lifestyle Properties currently has a consensus rating of “Moderate Buy” and an average price target of $71.05.

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.