Quantbot Technologies LP purchased a new stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 46,618 shares of the real estate investment trust’s stock, valued at approximately $3,005,000
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Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Empowered Funds LLC increased its position in Equity Lifestyle Properties by 3.5% during the fourth quarter. Empowered Funds LLC now owns 5,055 shares of the real estate investment trust’s stock valued at $306,000 after acquiring an additional 169 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Equity Lifestyle Properties by 30.3% in the first quarter. Bessemer Group Inc. now owns 735 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 171 shares during the period. Northwestern Mutual Investment Management Company LLC raised its stake in shares of Equity Lifestyle Properties by 0.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 43,367 shares of the real estate investment trust’s stock valued at $2,628,000 after acquiring an additional 172 shares during the period. Private Advisor Group LLC lifted its holdings in shares of Equity Lifestyle Properties by 3.7% in the 3rd quarter. Private Advisor Group LLC now owns 4,948 shares of the real estate investment trust’s stock worth $300,000 after acquiring an additional 178 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Equity Lifestyle Properties by 3.5% in the 1st quarter. Fifth Third Bancorp now owns 5,561 shares of the real estate investment trust’s stock worth $347,000 after acquiring an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.
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Analysts Set New Price Targets
Several equities analysts recently commented on ELS shares. Truist Financial set a $67.00 price target on shares of Equity Lifestyle Properties and gave the company a “hold” rating in a report on Tuesday, May 5th. Odeon Capital Group set a $65.00 price objective on shares of Equity Lifestyle Properties in a research note on Thursday, July 9th. Barclays set a $69.00 target price on Equity Lifestyle Properties and gave the company an “equal weight” rating in a research report on Monday, August 17th. Weiss Ratings raised Equity Lifestyle Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 14th. Finally, Wells Fargo & Company cut their target price on Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $68.52.
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