Inspire Investing LLC Sells 808 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Inspire Investing LLC trimmed its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,657 shares of the real estate investment trust’s stock after selling 808 shares during the quarter. Inspire Investing LLC’s holdings in Equity LifeStyle Properties were worth $1,376,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ELS. Board of the Pension Protection Fund purchased a new position in Equity LifeStyle Properties during the 4th quarter valued at about $33,000. UMB Bank n.a. increased its stake in shares of Equity LifeStyle Properties by 356.4% during the third quarter. UMB Bank n.a. now owns 534 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 417 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of 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 valued at $38,000 after purchasing an additional 171 shares during the last quarter. V Square Quantitative Management LLC boosted its position in shares of Equity LifeStyle Properties by 31.3% in the 3rd quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 146 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Equity LifeStyle Properties in the 3rd quarter worth approximately $72,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on ELS. Truist Financial upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their price target for the stock from $66.00 to $73.00 in a research report on Tuesday. Compass Point increased their price objective on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. UBS Group raised shares of Equity LifeStyle Properties to a “strong-buy” rating in a report on Thursday, October 10th. Finally, Evercore ISI upped their target price on shares of Equity LifeStyle Properties from $76.00 to $77.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $74.20.

Equity LifeStyle Properties Stock Up 0.9 %

ELS opened at $66.42 on Friday. The stock has a market capitalization of $12.69 billion, a price-to-earnings ratio of 34.24, a PEG ratio of 3.36 and a beta of 0.79. The firm has a 50 day moving average price of $68.19 and a 200-day moving average price of $69.48. Equity LifeStyle Properties, Inc. has a twelve month low of $59.82 and a twelve month high of $76.60. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.35.

Equity LifeStyle Properties (NYSE:ELS) last announced its earnings results on Monday, October 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.28). The company had revenue of $387.30 million for the quarter, compared to analysts’ expectations of $315.78 million. Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. Equity LifeStyle Properties’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Equities research analysts forecast that Equity LifeStyle Properties, Inc. will post 2.92 earnings per share for the current year.

Equity LifeStyle Properties Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were given a dividend of $0.477 per share. This represents a $1.91 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Friday, December 27th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 98.45%.

Equity LifeStyle Properties Company 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.