California State Teachers Retirement System boosted its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS – Free Report) by 15.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 272,969 shares of the real estate investment trust’s stock after acquiring an additional 37,057 shares during the period. California State Teachers Retirement System owned 0.14% of Equity LifeStyle Properties worth $18,180,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in shares of Equity LifeStyle Properties by 172.0% in the fourth quarter. Principal Financial Group Inc. now owns 6,070,817 shares of the real estate investment trust’s stock valued at $404,319,000 after purchasing an additional 3,838,809 shares during the period. Invesco Ltd. grew its stake in Equity LifeStyle Properties by 592.7% in the 4th quarter. Invesco Ltd. now owns 3,918,241 shares of the real estate investment trust’s stock valued at $260,955,000 after buying an additional 3,352,584 shares during the last quarter. Norges Bank acquired a new position in Equity LifeStyle Properties in the 4th quarter valued at about $163,212,000. Northern Trust Corp raised its holdings in Equity LifeStyle Properties by 43.3% in the 4th quarter. Northern Trust Corp now owns 2,434,858 shares of the real estate investment trust’s stock valued at $162,162,000 after acquiring an additional 735,580 shares during the period. Finally, Millennium Management LLC lifted its position in Equity LifeStyle Properties by 221.2% during the fourth quarter. Millennium Management LLC now owns 975,391 shares of the real estate investment trust’s stock worth $64,961,000 after acquiring an additional 671,703 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Insider Buying and Selling at Equity LifeStyle Properties

In other Equity LifeStyle Properties news, CFO Paul Seavey sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $64.72, for a total transaction of $647,200.00. Following the completion of the transaction, the chief financial officer now owns 78,162 shares of the company’s stock, valued at approximately $5,058,644.64. The trade was a 11.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.70% of the company’s stock.

Equity LifeStyle Properties Stock Performance

ELS opened at $62.91 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02. Equity LifeStyle Properties, Inc. has a 52-week low of $58.86 and a 52-week high of $76.60. The firm has a market cap of $12.03 billion, a P/E ratio of 32.26, a price-to-earnings-growth ratio of 3.02 and a beta of 0.76. The business’s fifty day moving average is $64.47 and its 200-day moving average is $66.62.

Equity LifeStyle Properties (NYSE:ELS – Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.83. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. The firm had revenue of $327.21 million for the quarter, compared to the consensus estimate of $391.34 million. During the same period in the prior year, the company posted $0.59 earnings per share. Sell-side analysts expect that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.27%. The ex-dividend date is Friday, June 27th. Equity LifeStyle Properties’s payout ratio is presently 106.74%.

Analyst Ratings Changes

Several equities analysts have recently commented on ELS shares. BMO Capital Markets decreased their target price on Equity LifeStyle Properties from $78.00 to $77.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. Jefferies Financial Group began coverage on Equity LifeStyle Properties in a report on Tuesday, April 8th. They issued a “buy” rating and a $80.00 price objective on the stock. Truist Financial lowered their price objective on Equity LifeStyle Properties from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Finally, Barclays initiated coverage on shares of Equity LifeStyle Properties in a research report on Thursday. They issued an “equal weight” rating and a $70.00 target price for the company. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $73.90.

Read Our Latest Analysis on ELS

Equity LifeStyle Properties Profile

(Free Report)

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.

Read More

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