Swedbank AB cut its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS – Free Report) by 6.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 250,000 shares of the real estate investment trust’s stock after selling 16,305 shares during the quarter. Swedbank AB owned 0.13% of Equity Lifestyle Properties worth $15,605,000 as of its most recent filing with the SEC
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A number of other institutional investors also recently bought and sold shares of the company. Praxis Investment Management Inc. acquired a new stake in Equity Lifestyle Properties in the first quarter valued at $306,000. QRG Capital Management Inc. increased its position in shares of Equity Lifestyle Properties by 28.6% in the first quarter. QRG Capital Management Inc. now owns 11,970 shares of the real estate investment trust’s stock valued at $747,000 after buying an additional 2,660 shares in the last quarter. HB Wealth Management LLC acquired a new position in shares of Equity Lifestyle Properties during the 1st quarter worth $239,000. Private Advisor Group LLC raised its stake in shares of Equity Lifestyle Properties by 7.8% during the 1st quarter. Private Advisor Group LLC now owns 5,709 shares of the real estate investment trust’s stock worth $356,000 after buying an additional 411 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its position in shares of Equity Lifestyle Properties by 357.2% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 33,776 shares of the real estate investment trust’s stock worth $2,108,000 after buying an additional 26,389 shares in the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.
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Analysts Set New Price Targets
A number of equities research analysts recently commented on ELS shares. Odeon Capital Group set a $65.00 price objective on shares of Equity Lifestyle Properties in a research note on Thursday. Weiss Ratings upgraded shares of Equity Lifestyle Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 2nd. Mizuho began coverage on shares of Equity Lifestyle Properties in a report on Tuesday, March 31st. They issued an “outperform” rating and a $72.00 price target on the stock. Barclays lowered their price target on shares of Equity Lifestyle Properties from $71.00 to $68.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Finally, Robert W. Baird raised 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 note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $68.92.
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