Sanctuary Advisors LLC acquired a new position in Equity Lifestyle Properties, Inc. (NYSE:ELS – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 18,425 shares of the real estate investment trust’s stock, valued at approximately $1,187,000
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Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ELS. Empowered Funds LLC grew its holdings in shares of Equity Lifestyle Properties by 14.1% during the 1st quarter. Empowered Funds LLC now owns 6,516 shares of the real estate investment trust’s stock worth $435,000 after purchasing an additional 804 shares during the period. Jane Street Group LLC raised its holdings in Equity Lifestyle Properties by 598.5% in the 1st quarter. Jane Street Group LLC now owns 119,397 shares of the real estate investment trust’s stock valued at $7,964,000 after buying an additional 102,303 shares during the period. Intech Investment Management LLC raised its holdings in Equity Lifestyle Properties by 62.3% in the 1st quarter. Intech Investment Management LLC now owns 23,114 shares of the real estate investment trust’s stock valued at $1,542,000 after buying an additional 8,873 shares during the period. Cetera Investment Advisers raised its holdings in Equity Lifestyle Properties by 111.0% in the 2nd quarter. Cetera Investment Advisers now owns 10,122 shares of the real estate investment trust’s stock valued at $624,000 after buying an additional 5,325 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new position in Equity Lifestyle Properties in the second quarter valued at about $300,000. Institutional investors and hedge funds own 97.21% of the company’s stock.
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Analysts Set New Price Targets
Several brokerages have weighed in on ELS. Wells Fargo & Company lowered their target price on shares of Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating for the company in a research note on Monday, June 1st. Weiss Ratings raised shares of Equity Lifestyle Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 14th. Truist Financial set a $67.00 price objective on shares of Equity Lifestyle Properties and gave the stock 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 report on Thursday, July 9th. Finally, Barclays set a $69.00 target price on shares of Equity Lifestyle Properties and gave the company an “equal weight” rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Equity Lifestyle Properties currently has a consensus rating of “Moderate Buy” and an average price target of $68.52.
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