Aurora Investment Managers LLC. Purchases 9,166 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Aurora Investment Managers LLC. boosted its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 23.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,998 shares of the real estate investment trust's stock after acquiring an additional 9,166 shares during the quarter. Equity LifeStyle Properties comprises about 2.1% of Aurora Investment Managers LLC.'s investment portfolio, making the stock its 20th biggest holding. Aurora Investment Managers LLC.'s holdings in Equity LifeStyle Properties were worth $3,424,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ELS. Mather Group LLC. purchased a new position in Equity LifeStyle Properties in the 1st quarter worth about $25,000. Rise Advisors LLC purchased a new position in Equity LifeStyle Properties in the 1st quarter worth about $27,000. V Square Quantitative Management LLC purchased a new position in Equity LifeStyle Properties in the 2nd quarter worth about $30,000. UMB Bank n.a. increased its stake in 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 purchasing an additional 417 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in 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 purchasing an additional 391 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Paul Seavey sold 31,988 shares of the business'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 value of $2,393,662.04. Following the completion of the sale, the chief financial officer now directly owns 148,463 shares in the company, valued at approximately $11,109,486.29. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Marguerite M. Nader sold 33,000 shares of the company's 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 completion of the transaction, the chief executive officer now directly owns 260,936 shares in the company, valued at $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 Securities & Exchange Commission, 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 value of $2,393,662.04. Following the transaction, the chief financial officer now owns 148,463 shares of the company's stock, valued at approximately $11,109,486.29. This trade represents a 0.00 % decrease in their ownership of the stock. 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. 1.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ELS shares. UBS Group raised Equity LifeStyle Properties to a "strong-buy" rating in a research note on Thursday, October 10th. Jefferies Financial Group started coverage on Equity LifeStyle Properties in a research note on Thursday. They issued a "hold" rating and a $72.00 price target on the stock. Truist Financial lifted their price target 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. Evercore ISI lifted their target price on Equity LifeStyle Properties from $73.00 to $76.00 and gave the company an "in-line" rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company raised Equity LifeStyle Properties from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $70.50 to $82.00 in a research note on Thursday, September 19th. Seven research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $71.44.

Equity LifeStyle Properties Stock Down 0.3 %

Shares of NYSE ELS traded down $0.19 during trading hours on Friday, hitting $69.94. The stock had a trading volume of 1,721,030 shares, compared to its average volume of 1,203,417. The company has a market capitalization of $13.04 billion, a P/E ratio of 38.56, a P/E/G ratio of 3.60 and a beta of 0.79. The firm's 50-day moving average price is $71.34 and its two-hundred day moving average price is $66.61. Equity LifeStyle Properties, Inc. has a 52 week low of $59.82 and a 52 week high of $76.60. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.03 and a current ratio of 0.03.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.42 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.23). The firm had revenue of $380.00 million during the quarter, compared to the consensus estimate of $334.53 million. Equity LifeStyle Properties had a net margin of 23.56% and a return on equity of 23.71%. The company's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 EPS. Analysts anticipate that Equity LifeStyle Properties, Inc. will post 2.92 EPS for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a $0.4775 dividend. This is a positive change from Equity LifeStyle Properties's previous quarterly dividend of $0.48. This represents a $1.91 annualized dividend and a yield of 2.73%. The ex-dividend date was Friday, September 27th. Equity LifeStyle Properties's payout ratio is 104.37%.

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.