Xponance Inc. lowered its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS – Free Report) by 28.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,463 shares of the real estate investment trust’s stock after selling 4,934 shares during the quarter. Xponance Inc.’s holdings in Equity LifeStyle Properties were worth $834,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in ELS. Vanguard Group Inc. grew its position in shares of Equity LifeStyle Properties by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 24,685,594 shares of the real estate investment trust’s stock valued at $1,887,954,000 after acquiring an additional 184,219 shares during the period. BlackRock Inc. grew its position in shares of Equity LifeStyle Properties by 1.7% in the 1st quarter. BlackRock Inc. now owns 15,004,695 shares of the real estate investment trust’s stock valued at $1,007,265,000 after acquiring an additional 251,778 shares during the period. State Street Corp grew its position in shares of Equity LifeStyle Properties by 13.0% in the 1st quarter. State Street Corp now owns 8,817,442 shares of the real estate investment trust’s stock valued at $677,864,000 after acquiring an additional 1,016,542 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Equity LifeStyle Properties by 10.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,572,482 shares of the real estate investment trust’s stock valued at $575,474,000 after acquiring an additional 837,152 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Equity LifeStyle Properties by 0.7% in the 1st quarter. Victory Capital Management Inc. now owns 5,452,661 shares of the real estate investment trust’s stock valued at $366,037,000 after acquiring an additional 35,711 shares during the period. 98.55% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
ELS has been the subject of a number of analyst reports. Barclays decreased their price objective on shares of Equity LifeStyle Properties from $79.00 to $78.00 in a research report on Thursday, July 6th. Wells Fargo & Company downgraded shares of Equity LifeStyle Properties from an “overweight” rating to an “equal weight” rating and set a $70.50 target price for the company. in a report on Tuesday, September 5th. Truist Financial lifted their target price on shares of Equity LifeStyle Properties from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, July 25th. Royal Bank of Canada reduced their target price on shares of Equity LifeStyle Properties from $70.00 to $69.00 in a report on Wednesday, July 19th. Finally, Robert W. Baird reduced their target price on shares of Equity LifeStyle Properties from $79.00 to $76.00 in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $74.08.
Read Our Latest Stock Report on Equity LifeStyle Properties
Equity LifeStyle Properties Stock Performance
NYSE ELS opened at $63.51 on Friday. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $11.83 billion, a P/E ratio of 41.51, a P/E/G ratio of 4.70 and a beta of 0.69. Equity LifeStyle Properties, Inc. has a 12-month low of $56.91 and a 12-month high of $74.40. The firm has a 50-day moving average price of $67.73 and a two-hundred day moving average price of $66.85.
Equity LifeStyle Properties (NYSE:ELS – Get Free Report) last posted its quarterly earnings data on Tuesday, July 18th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.32). The business had revenue of $370.01 million during the quarter, compared to the consensus estimate of $325.08 million. Equity LifeStyle Properties had a net margin of 19.53% and a return on equity of 18.86%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 EPS. Analysts anticipate that Equity LifeStyle Properties, Inc. will post 2.85 earnings per share for the current year.
Equity LifeStyle Properties Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday,…
Read More: Xponance Inc. Has $834,000 Stock Position in Equity LifeStyle Properties, Inc.