Amalgamated Bank Has $6.34 Million Stock Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Amalgamated Bank reduced its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 5.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,802 shares of the real estate investment trust’s stock after selling 5,270 shares during the period. Amalgamated Bank’s holdings in Equity LifeStyle Properties were worth $6,335,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in Equity LifeStyle Properties in the first quarter valued at about $831,000. Whittier Trust Co. grew its holdings in shares of Equity LifeStyle Properties by 9.6% during the 1st quarter. Whittier Trust Co. now owns 3,733 shares of the real estate investment trust’s stock valued at $240,000 after purchasing an additional 328 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in Equity LifeStyle Properties by 54.5% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 6,055 shares of the real estate investment trust’s stock worth $390,000 after purchasing an additional 2,135 shares in the last quarter. GSA Capital Partners LLP lifted its stake in Equity LifeStyle Properties by 405.7% in the 1st quarter. GSA Capital Partners LLP now owns 15,817 shares of the real estate investment trust’s stock valued at $1,019,000 after purchasing an additional 12,689 shares during the last quarter. Finally, Texas Permanent School Fund Corp boosted its position in Equity LifeStyle Properties by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 163,158 shares of the real estate investment trust’s stock valued at $10,507,000 after buying an additional 2,162 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ELS shares. Wells Fargo & Company upgraded shares of Equity LifeStyle Properties from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $70.50 to $82.00 in a report on Thursday, September 19th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $68.00 target price on shares of Equity LifeStyle Properties in a research report on Wednesday, July 24th. UBS Group upgraded Equity LifeStyle Properties to a “strong-buy” rating in a report on Thursday, October 10th. Truist Financial raised their price objective on shares of Equity LifeStyle Properties from $65.00 to $70.00 and gave the company a “hold” rating in a report on Tuesday, July 30th. Finally, Compass Point lifted their target price on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $72.40.

Insiders Place Their Bets

In other news, COO Patrick Waite sold 20,820 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $70.23, for a total transaction of $1,462,188.60. Following the completion of the sale, the chief operating officer now directly owns 221,777 shares of the company’s stock, valued at $15,575,398.71. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Equity LifeStyle Properties news, COO Patrick Waite sold 20,820 shares of the firm’s 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 transaction, the chief operating officer now directly owns 221,777 shares in the company, valued at approximately $15,575,398.71. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Marguerite M. Nader sold 33,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $75.52, for a total transaction of $2,492,160.00. Following the transaction, the chief executive officer now owns 260,936 shares in the company, valued at approximately $19,705,886.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 85,808 shares of company stock worth $6,348,011. Insiders own 1.40% of the company’s stock.

Equity LifeStyle Properties Stock Performance

ELS stock opened at $68.69 on Thursday. The stock has a 50-day moving average price of $70.95 and a 200-day moving average price of $67.32. Equity LifeStyle Properties, Inc. has a 1-year low of $59.82 and a 1-year high of $76.60. The firm has a market cap of $13.12 billion, a PE ratio of 35.41, a price-to-earnings-growth ratio of 3.79 and a beta of 0.79. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.35.

Equity LifeStyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.28). The company had revenue of $387.30 million during the quarter, compared to the consensus estimate of $315.78 million. Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same period last year, the firm posted $0.71 earnings per share. As a group, equities research analysts expect that Equity LifeStyle Properties, Inc. will post 2.9 earnings per share for the current year.

Equity LifeStyle Properties Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be given a $0.477 dividend. This represents a $1.91 annualized dividend and a yield of 2.78%. The ex-dividend date is Friday, December 27th. Equity LifeStyle Properties’s payout ratio is currently 98.45%.

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.