Worldquant Millennium Advisors LLC Has $2.59 Million Stock Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Worldquant Millennium Advisors LLC lessened its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 69.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,363 shares of the real estate investment trust's stock after selling 83,482 shares during the period. Worldquant Millennium Advisors LLC's holdings in Equity LifeStyle Properties were worth $2,594,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Townsquare Capital LLC raised its position in shares of Equity LifeStyle Properties by 23.7% during the 3rd quarter. Townsquare Capital LLC now owns 12,835 shares of the real estate investment trust's stock worth $916,000 after purchasing an additional 2,458 shares during the period. PGGM Investments raised its position in shares of Equity LifeStyle Properties by 4,586.1% during the 2nd quarter. PGGM Investments now owns 1,843,496 shares of the real estate investment trust's stock worth $120,067,000 after purchasing an additional 1,804,156 shares during the period. Victory Capital Management Inc. raised its position in shares of Equity LifeStyle Properties by 0.9% during the 3rd quarter. Victory Capital Management Inc. now owns 4,649,670 shares of the real estate investment trust's stock worth $331,707,000 after purchasing an additional 39,864 shares during the period. Citigroup Inc. raised its position in shares of Equity LifeStyle Properties by 16.7% during the 3rd quarter. Citigroup Inc. now owns 213,209 shares of the real estate investment trust's stock worth $15,210,000 after purchasing an additional 30,489 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Equity LifeStyle Properties by 60.7% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 33,950 shares of the real estate investment trust's stock worth $2,211,000 after purchasing an additional 12,826 shares during the period. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Equity LifeStyle Properties

In related news, CEO Marguerite M. Nader sold 33,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 260,936 shares in the company, valued at $19,705,886.72. This represents a 11.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paul Seavey sold 31,988 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $74.83, for a total value of $2,393,662.04. Following the sale, the chief financial officer now owns 148,463 shares in the company, valued at approximately $11,109,486.29. This trade represents a 17.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

Equity LifeStyle Properties Price Performance

Shares of ELS traded up $0.41 during trading hours on Monday, hitting $70.11. 1,095,806 shares of the company were exchanged, compared to its average volume of 1,200,863. The company has a market capitalization of $13.39 billion, a PE ratio of 35.93, a PEG ratio of 3.70 and a beta of 0.77. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.03 and a quick ratio of 0.03. The firm has a fifty day simple moving average of $69.97 and a 200-day simple moving average of $68.67. Equity LifeStyle Properties, Inc. has a one year low of $59.82 and a one year high of $76.60.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued its earnings results on Monday, October 21st. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.28). Equity LifeStyle Properties had a return on equity of 24.10% and a net margin of 23.97%. The business had revenue of $387.30 million during the quarter, compared to analyst estimates of $315.78 million. During the same period last year, the business earned $0.71 EPS. The business's quarterly revenue was down .4% on a year-over-year basis. As a group, sell-side analysts predict that Equity LifeStyle Properties, Inc. will post 2.92 earnings per share for the current year.

Equity LifeStyle Properties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be paid a $0.477 dividend. The ex-dividend date is Friday, December 27th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.72%. Equity LifeStyle Properties's payout ratio is presently 98.45%.

Analyst Ratings Changes

Several analysts recently commented on the company. Compass Point raised their target price on Equity LifeStyle Properties from $70.00 to $72.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. Robert W. Baird raised their target price on Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd. UBS Group upgraded Equity LifeStyle Properties to a "strong-buy" rating in a research report on Thursday, October 10th. Truist Financial raised their target price on Equity LifeStyle Properties from $70.00 to $71.00 and gave the company a "hold" rating in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company upgraded Equity LifeStyle Properties from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $70.50 to $82.00 in a research report on Thursday, September 19th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $72.50.

Equity LifeStyle Properties Company 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.