Seven Post Investment Office LP Has $12.12 Million Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Seven Post Investment Office LP boosted its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,095 shares of the real estate investment trust’s stock after acquiring an additional 1,411 shares during the period. Equity LifeStyle Properties accounts for about 2.2% of Seven Post Investment Office LP’s holdings, making the stock its 10th biggest position. Seven Post Investment Office LP owned 0.10% of Equity LifeStyle Properties worth $12,120,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Cim LLC purchased a new position in shares of Equity LifeStyle Properties during the 4th quarter valued at $2,586,000. Centersquare Investment Management LLC increased its stake in Equity LifeStyle Properties by 22.9% in the 1st quarter. Centersquare Investment Management LLC now owns 123,030 shares of the real estate investment trust’s stock worth $7,417,000 after acquiring an additional 22,900 shares during the last quarter. GAMMA Investing LLC increased its stake in Equity LifeStyle Properties by 36.0% in the 2nd quarter. GAMMA Investing LLC now owns 819 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 217 shares during the last quarter. Farrow Financial Inc. purchased a new stake in shares of Equity LifeStyle Properties in the 4th quarter valued at about $1,467,000. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of 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 acquiring an additional 12,444 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.

Insider Transactions at Equity LifeStyle Properties

In other Equity LifeStyle Properties news, COO Patrick Waite sold 20,820 shares of the company’s stock in a transaction that occurred 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 owns 221,777 shares of the company’s stock, valued at approximately $15,575,398.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

ELS has been the topic of several research analyst reports. Evercore ISI raised their target price on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “in-line” rating in a research note on Wednesday, August 28th. Royal Bank of Canada reissued a “sector perform” rating and issued a $68.00 price target on shares of Equity LifeStyle Properties in a report on Wednesday, July 24th. Finally, Truist Financial lifted their price objective on shares of Equity LifeStyle Properties from $65.00 to $70.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Equity LifeStyle Properties currently has a consensus rating of “Hold” and an average price target of $68.88.

Equity LifeStyle Properties Trading Up 2.1 %

ELS stock opened at $73.87 on Friday. The company has a market capitalization of $13.78 billion, a PE ratio of 40.37, a price-to-earnings-growth ratio of 4.19 and a beta of 0.77. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.03 and a current ratio of 0.03. Equity LifeStyle Properties, Inc. has a one year low of $59.82 and a one year high of $74.16. The company’s 50 day moving average price is $68.96 and its two-hundred day moving average price is $65.52.

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

Equity LifeStyle Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be issued a dividend of $0.4775 per share. The ex-dividend date is Friday, September 27th. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. This represents a $1.91 annualized dividend and a yield of 2.59%. Equity LifeStyle Properties’s dividend payout ratio is currently 104.37%.

Equity LifeStyle Properties Company 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.