TD Asset Management Inc Sells 15,000 Shares of Equity Lifestyle Properties, Inc. $ELS

TD Asset Management Inc reduced its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 380,143 shares of the real estate investment trust’s stock after selling 15,000 shares during the quarter. TD Asset Management Inc’s holdings in Equity Lifestyle Properties were worth $23,040,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. GoalVest Advisory LLC acquired a new stake in Equity Lifestyle Properties during the fourth quarter worth $25,000. Wiser Advisor Group LLC acquired a new position in shares of Equity Lifestyle Properties in the 3rd quarter valued at $25,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Equity Lifestyle Properties by 943.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 453 shares during the period. Clearstead Trust LLC lifted its holdings in shares of Equity Lifestyle Properties by 74.8% during the 4th quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 231 shares during the period. Finally, Fulcrum Asset Management LLP acquired a new stake in shares of Equity Lifestyle Properties during the 3rd quarter valued at about $34,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ELS shares. Zacks Research raised shares of Equity Lifestyle Properties from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Zelman & Associates began coverage on Equity Lifestyle Properties in a report on Monday, March 16th. They set an “underperform” rating and a $59.25 price objective on the stock. Wall Street Zen upgraded Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Mizuho started coverage on Equity Lifestyle Properties in a report on Tuesday, March 31st. They issued an “outperform” rating and a $72.00 target price for the company. Finally, BMO Capital Markets restated an “outperform” rating and set a $75.00 target price (up from $72.00) on shares of Equity Lifestyle Properties in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Equity Lifestyle Properties presently has an average rating of “Moderate Buy” and an average target price of $69.20.

Equity Lifestyle Properties Trading Down 0.0%

Shares of ELS stock opened at $62.41 on Monday. The company has a market capitalization of $12.10 billion, a P/E ratio of 31.21, a P/E/G ratio of 3.80 and a beta of 0.67. Equity Lifestyle Properties, Inc. has a 12-month low of $58.15 and a 12-month high of $69.00. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $63.11 and a 200 day moving average price of $63.58.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.28). Equity Lifestyle Properties had a return on equity of 21.22% and a net margin of 24.99%.The firm had revenue of $397.62 million for the quarter, compared to analyst estimates of $395.71 million. During the same period in the previous year, the business posted $0.57 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. Research analysts forecast that Equity Lifestyle Properties, Inc. will post 3.18 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be issued a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, June 26th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 108.50%.

Insider Transactions at Equity Lifestyle Properties

In other Equity Lifestyle Properties news, Director David J. Contis sold 3,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $67.22, for a total value of $201,660.00. Following the transaction, the director owned 14,890 shares of the company’s stock, valued at approximately $1,000,905.80. The trade was a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.80% of the company’s stock.

Equity Lifestyle Properties Company Profile

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.