Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC cut its position in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 64.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,662 shares of the real estate investment trust's stock after selling 48,170 shares during the period. Squarepoint Ops LLC's holdings in Equity LifeStyle Properties were worth $1,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Equity LifeStyle Properties by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 25,069,389 shares of the real estate investment trust's stock valued at $1,614,469,000 after acquiring an additional 240,853 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Equity LifeStyle Properties by 7.8% in the second quarter. Victory Capital Management Inc. now owns 4,609,806 shares of the real estate investment trust's stock valued at $300,237,000 after purchasing an additional 331,945 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Equity LifeStyle Properties by 5.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,218,638 shares of the real estate investment trust's stock valued at $209,630,000 after purchasing an additional 153,715 shares during the last quarter. Boston Partners lifted its position in Equity LifeStyle Properties by 4.2% during the first quarter. Boston Partners now owns 2,842,566 shares of the real estate investment trust's stock worth $183,035,000 after buying an additional 113,891 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Equity LifeStyle Properties by 7.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,706,099 shares of the real estate investment trust's stock worth $176,250,000 after buying an additional 178,258 shares in the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Equity LifeStyle Properties Trading Down 0.8 %

Shares of NYSE:ELS traded down $0.53 during mid-day trading on Friday, reaching $69.28. 1,214,600 shares of the company were exchanged, compared to its average volume of 1,194,257. The firm has a market cap of $12.92 billion, a price-to-earnings ratio of 37.86, a P/E/G ratio of 4.22 and a beta of 0.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.03 and a quick ratio of 0.03. Equity LifeStyle Properties, Inc. has a 1 year low of $59.82 and a 1 year high of $76.60. The firm's 50-day simple moving average is $71.70 and its 200 day simple moving average is $66.39.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last posted its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.23). Equity LifeStyle Properties had a net margin of 23.56% and a return on equity of 23.71%. The firm had revenue of $380.00 million during the quarter, compared to analysts' expectations of $334.53 million. During the same quarter in the prior year, the firm posted $0.66 EPS. Equity LifeStyle Properties's quarterly revenue was up 2.7% compared to the same quarter last year. Equities research analysts forecast that Equity LifeStyle Properties, Inc. will post 2.91 EPS for the current year.

Equity LifeStyle Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be issued a $0.4775 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.76%. This is a boost from Equity LifeStyle Properties's previous quarterly dividend of $0.48. Equity LifeStyle Properties's payout ratio is 104.37%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ELS. Truist Financial raised their target price on Equity LifeStyle Properties from $65.00 to $70.00 and gave the stock a "hold" rating in a research note on Tuesday, July 30th. Wells Fargo & Company upgraded shares of Equity LifeStyle Properties from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $70.50 to $82.00 in a research report on Thursday, September 19th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $68.00 target price on shares of Equity LifeStyle Properties in a report on Wednesday, July 24th. Finally, Evercore ISI raised their price target on shares of Equity LifeStyle Properties from $73.00 to $76.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $70.67.

Insider Activity at Equity LifeStyle Properties

In other news, CEO Marguerite M. Nader sold 33,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $75.52, for a total value of $2,492,160.00. Following the sale, the chief executive officer now directly owns 260,936 shares in the company, valued at approximately $19,705,886.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Marguerite M. Nader sold 33,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 260,936 shares of the company's stock, valued at approximately $19,705,886.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Paul Seavey sold 31,988 shares of the company's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $74.83, for a total transaction of $2,393,662.04. Following the sale, the chief financial officer now owns 148,463 shares in the company, valued at $11,109,486.29. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 85,808 shares of company stock worth $6,348,011. Corporate insiders own 1.40% of the company's stock.

About Equity LifeStyle Properties

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.