Vanderbilt University Lowers Stock Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Vanderbilt University lowered its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 54.6% during the fourth quarter, HoldingsChannel reports. The firm owned 13,248 shares of the real estate investment trust’s stock after selling 15,935 shares during the quarter. Vanderbilt University’s holdings in Equity LifeStyle Properties were worth $882,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Moran Wealth Management LLC increased its stake in Equity LifeStyle Properties by 0.8% in the 3rd quarter. Moran Wealth Management LLC now owns 17,721 shares of the real estate investment trust’s stock valued at $1,264,000 after buying an additional 143 shares during the period. V Square Quantitative Management LLC boosted its holdings in shares of Equity LifeStyle Properties by 31.3% in the third quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 146 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Equity LifeStyle Properties by 43.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 171 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in Equity LifeStyle Properties by 14.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,093 shares of the real estate investment trust’s stock valued at $149,000 after purchasing an additional 269 shares during the period. Finally, Procyon Advisors LLC boosted its holdings in Equity LifeStyle Properties by 7.9% in the 3rd quarter. Procyon Advisors LLC now owns 3,814 shares of the real estate investment trust’s stock valued at $272,000 after purchasing an additional 278 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Price Performance

Shares of NYSE:ELS opened at $66.04 on Thursday. Equity LifeStyle Properties, Inc. has a one year low of $59.82 and a one year high of $76.60. The stock has a market cap of $12.62 billion, a PE ratio of 33.87, a price-to-earnings-growth ratio of 2.78 and a beta of 0.79. The business’s fifty day moving average price is $67.20 and its two-hundred day moving average price is $69.46. 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 posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 EPS for the quarter, meeting analysts’ consensus estimates of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. On average, analysts forecast that Equity LifeStyle Properties, Inc. will post 3.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and increased their target price for the stock from $72.00 to $80.00 in a research note on Thursday, January 2nd. Robert W. Baird raised their target price on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Royal Bank of Canada lowered 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. 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, Compass Point upped their target price on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, seven 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 currently has an average rating of “Moderate Buy” and an average price target of $73.90.

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.