New Age Alpha Advisors LLC Cuts Stake in Equity Lifestyle Properties, Inc. $ELS

New Age Alpha Advisors LLC lowered its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 9.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 128,704 shares of the real estate investment trust’s stock after selling 12,926 shares during the quarter. New Age Alpha Advisors LLC owned 0.07% of Equity Lifestyle Properties worth $7,801,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC raised its position in Equity Lifestyle Properties by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 43,367 shares of the real estate investment trust’s stock worth $2,628,000 after buying an additional 172 shares during the last quarter. Private Advisor Group LLC raised its position in Equity Lifestyle Properties by 3.7% during the 3rd quarter. Private Advisor Group LLC now owns 4,948 shares of the real estate investment trust’s stock worth $300,000 after buying an additional 178 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in Equity Lifestyle Properties by 1.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 14,229 shares of the real estate investment trust’s stock worth $864,000 after buying an additional 220 shares during the last quarter. M&G PLC raised its position in Equity Lifestyle Properties by 8.2% during the 3rd quarter. M&G PLC now owns 3,293 shares of the real estate investment trust’s stock worth $201,000 after buying an additional 249 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB raised its position in Equity Lifestyle Properties by 27.4% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,250 shares of the real estate investment trust’s stock worth $76,000 after buying an additional 269 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ELS shares. Robert W. Baird upped their price objective on shares of Equity Lifestyle Properties from $73.00 to $74.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company restated an “equal weight” rating and set a $70.00 price objective (up from $68.00) on shares of Equity Lifestyle Properties in a research report on Friday, February 27th. Zacks Research upgraded shares of Equity Lifestyle Properties from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. Zelman & Associates began coverage on shares of Equity Lifestyle Properties in a research report on Monday, March 16th. They set an “underperform” rating and a $59.25 price objective for the company. Finally, Truist Financial set a $67.00 price target on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.27.

Insider Buying and Selling

In related news, Director David J. Contis sold 3,000 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $67.22, for a total value of $201,660.00. Following the sale, the director directly owned 14,890 shares of the company’s stock, valued at approximately $1,000,905.80. This represents a 16.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.80% of the company’s stock.

Equity Lifestyle Properties Stock Performance

NYSE:ELS opened at $63.60 on Monday. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.29. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $69.00. The stock has a market cap of $12.33 billion, a PE ratio of 31.80, a price-to-earnings-growth ratio of 3.87 and a beta of 0.69. The firm’s fifty day simple moving average is $63.82 and its 200-day simple moving average is $63.55.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $397.62 million for the quarter, compared to analyst estimates of $395.71 million. During the same period last year, the company earned $0.57 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts expect that Equity Lifestyle Properties, Inc. will post 3.18 earnings per share for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be paid a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, June 26th. Equity Lifestyle Properties’s dividend payout ratio is presently 108.50%.

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.