21,907 Shares in Equity LifeStyle Properties, Inc. (NYSE:ELS) Bought by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,907 shares of the real estate investment trust's stock, valued at approximately $1,563,000.

Several other institutional investors also recently bought and sold shares of the stock. V Square Quantitative Management LLC bought a new position in Equity LifeStyle Properties during the second quarter valued at $30,000. UMB Bank n.a. lifted its holdings in shares of Equity LifeStyle Properties by 356.4% in the 3rd quarter. UMB Bank n.a. now owns 534 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 417 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Equity LifeStyle Properties by 167.1% in the 2nd quarter. Blue Trust Inc. now owns 625 shares of the real estate investment trust's stock worth $40,000 after acquiring an additional 391 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Equity LifeStyle Properties by 36.0% in the 2nd quarter. GAMMA Investing LLC now owns 819 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 217 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of Equity LifeStyle Properties in the 2nd quarter worth about $54,000. 97.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ELS shares. Jefferies Financial Group initiated coverage on shares of Equity LifeStyle Properties in a report on Thursday, October 17th. They issued a "hold" rating and a $72.00 target price for the company. Truist Financial raised their price target on shares of Equity LifeStyle Properties from $70.00 to $71.00 and gave the stock a "hold" rating in a research note on Tuesday. Compass Point raised their price target on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $68.00 price target on shares of Equity LifeStyle Properties in a research note on Wednesday, July 24th. Finally, Robert W. Baird raised their price target on shares of Equity LifeStyle Properties from $71.00 to $72.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $72.50.

Equity LifeStyle Properties Stock Performance

ELS stock traded up $0.21 during trading on Wednesday, reaching $72.45. The company had a trading volume of 1,204,407 shares, compared to its average volume of 1,212,230. The firm has a 50-day simple moving average of $70.89 and a 200-day simple moving average of $67.65. The company has a market cap of $13.84 billion, a price-to-earnings ratio of 37.77, a price-to-earnings-growth ratio of 3.84 and a beta of 0.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.03 and a current ratio of 0.03. Equity LifeStyle Properties, Inc. has a twelve month low of $59.82 and a twelve month high of $76.60.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last released its earnings results on Monday, October 21st. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.72 by ($0.28). The company had revenue of $387.30 million during the quarter, compared to analyst estimates of $315.78 million. Equity LifeStyle Properties had a return on equity of 24.10% and a net margin of 23.97%. The firm's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the business earned $0.71 earnings per share. As a group, sell-side analysts expect 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. Shareholders of record on Friday, December 27th will be paid a dividend of $0.477 per share. This represents a $1.91 annualized dividend and a yield of 2.63%. The ex-dividend date is Friday, December 27th. Equity LifeStyle Properties's payout ratio is 98.45%.

Insider Buying and Selling at Equity LifeStyle Properties

In other Equity LifeStyle Properties news, COO Patrick Waite sold 20,820 shares of Equity LifeStyle Properties stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $70.23, for a total transaction of $1,462,188.60. Following the completion of the sale, the chief operating officer now directly owns 221,777 shares in the company, valued at approximately $15,575,398.71. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Paul Seavey sold 31,988 shares of the business's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $74.83, for a total value of $2,393,662.04. Following the completion of the sale, the chief financial officer now owns 148,463 shares of the company's stock, valued at approximately $11,109,486.29. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Patrick Waite sold 20,820 shares of the business's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $70.23, for a total transaction of $1,462,188.60. Following the completion of the sale, the chief operating officer now directly owns 221,777 shares of the company's stock, valued at approximately $15,575,398.71. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 85,808 shares of company stock worth $6,348,011. Company insiders own 1.40% of the company's stock.

Equity LifeStyle Properties 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.