William Blair Investment Management LLC Has $37.45 Million Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

William Blair Investment Management LLC increased its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 0.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 574,938 shares of the real estate investment trust’s stock after acquiring an additional 3,501 shares during the period. William Blair Investment Management LLC owned 0.31% of Equity LifeStyle Properties worth $37,446,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Cim LLC acquired a new position in Equity LifeStyle Properties during the 4th quarter worth $2,586,000. Centersquare Investment Management LLC increased its stake in shares of Equity LifeStyle Properties by 22.9% in the first quarter. Centersquare Investment Management LLC now owns 123,030 shares of the real estate investment trust’s stock worth $7,417,000 after purchasing an additional 22,900 shares during the period. GAMMA Investing LLC lifted its position in shares of Equity LifeStyle Properties by 36.0% during the 2nd quarter. GAMMA Investing LLC now owns 819 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 217 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Equity LifeStyle Properties by 3.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 340,836 shares of the real estate investment trust’s stock valued at $21,952,000 after purchasing an additional 12,444 shares during the period. Finally, UBS Group AG grew its holdings in Equity LifeStyle Properties by 1,029.9% in the 4th quarter. UBS Group AG now owns 243,770 shares of the real estate investment trust’s stock valued at $17,196,000 after buying an additional 222,196 shares during the last quarter. 97.21% of the stock is owned by institutional investors.

Insider Buying and Selling at Equity LifeStyle Properties

In other Equity LifeStyle Properties news, COO Patrick Waite sold 20,820 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $70.23, for a total transaction of $1,462,188.60. Following the completion of the transaction, the chief operating officer now directly owns 221,777 shares in the company, valued at $15,575,398.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.

Equity LifeStyle Properties Trading Up 1.4 %

Shares of Equity LifeStyle Properties stock opened at $76.25 on Friday. Equity LifeStyle Properties, Inc. has a 52-week low of $59.82 and a 52-week high of $76.47. The firm has a market capitalization of $14.22 billion, a PE ratio of 41.67, a price-to-earnings-growth ratio of 4.32 and a beta of 0.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.03 and a quick ratio of 0.03. The company’s fifty day moving average price is $70.08 and its two-hundred day moving average price is $65.81.

Equity LifeStyle Properties (NYSE:ELS) last posted its earnings results on Monday, July 22nd. The real estate investment trust reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.23). The business had revenue of $380.00 million during the quarter, compared to the consensus estimate of $334.53 million. Equity LifeStyle Properties had a net margin of 23.56% and a return on equity of 23.71%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.66 EPS. On average, analysts expect that Equity LifeStyle Properties, Inc. will post 2.91 EPS for the current year.

Equity LifeStyle Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be paid a $0.4775 dividend. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.91 annualized dividend and a yield of 2.50%. Equity LifeStyle Properties’s payout ratio is currently 104.37%.

Analyst Ratings Changes

A number of research analysts have recently commented on ELS shares. Truist Financial upped their price target on Equity LifeStyle Properties from $65.00 to $70.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Evercore ISI increased their price target on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “in-line” rating in a report on Wednesday, August 28th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $68.00 price objective on shares of Equity LifeStyle Properties in a report on Wednesday, July 24th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Equity LifeStyle Properties currently has a consensus rating of “Hold” and a consensus target price of $68.88.

Equity LifeStyle Properties 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.