Dupont Capital Management Corp Has $10.45 Million Stake in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Dupont Capital Management Corp boosted its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 14.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 146,426 shares of the real estate investment trust's stock after acquiring an additional 18,879 shares during the quarter. Dupont Capital Management Corp owned 0.08% of Equity LifeStyle Properties worth $10,446,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in shares of Equity LifeStyle Properties by 0.3% during the fourth quarter. Wellington Management Group LLP now owns 59,874 shares of the real estate investment trust's stock valued at $4,224,000 after acquiring an additional 155 shares during the period. Mather Group LLC. acquired a new stake in shares of Equity LifeStyle Properties during the 1st quarter valued at $25,000. Vert Asset Management LLC boosted its stake in shares of Equity LifeStyle Properties by 8.1% during the 1st quarter. Vert Asset Management LLC now owns 72,490 shares of the real estate investment trust's stock worth $4,668,000 after acquiring an additional 5,450 shares in the last quarter. Oak Thistle LLC acquired a new position in shares of Equity LifeStyle Properties in the 1st quarter worth $422,000. Finally, State of Michigan Retirement System lifted its holdings in shares of Equity LifeStyle Properties by 2.5% during the first quarter. State of Michigan Retirement System now owns 45,800 shares of the real estate investment trust's stock valued at $2,950,000 after purchasing an additional 1,100 shares during the last quarter. Institutional investors own 97.21% of the company's stock.

Equity LifeStyle Properties Price Performance

Shares of Equity LifeStyle Properties stock traded up $1.89 during trading on Wednesday, reaching $70.58. The company's stock had a trading volume of 1,359,836 shares, compared to its average volume of 1,207,552. The stock has a 50-day moving average price of $71.19 and a two-hundred day moving average price of $66.78. The stock has a market capitalization of $13.16 billion, a P/E ratio of 38.63, a price-to-earnings-growth ratio of 3.60 and a beta of 0.79. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.34. 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 announced its earnings results on Monday, October 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by ($0.28). Equity LifeStyle Properties had a return on equity of 23.71% and a net margin of 23.56%. The company had revenue of $387.30 million during the quarter, compared to the consensus estimate of $315.78 million. During the same period in the prior year, the firm posted $0.71 earnings per share. The company's revenue was down .4% on a year-over-year basis. As a group, sell-side analysts anticipate that Equity LifeStyle Properties, Inc. will post 2.92 EPS for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a dividend of $0.4775 per share. This is a boost from Equity LifeStyle Properties's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.91 annualized dividend and a dividend yield of 2.71%. Equity LifeStyle Properties's payout ratio is presently 104.37%.

Insider Transactions at Equity LifeStyle Properties

In related news, CFO Paul Seavey sold 31,988 shares of the company's stock in a transaction dated 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 owns 148,463 shares in the company, valued at approximately $11,109,486.29. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Marguerite M. Nader sold 33,000 shares of Equity LifeStyle Properties stock in a transaction on Monday, September 16th. The shares were sold at an average price of $75.52, for a total transaction of $2,492,160.00. Following the transaction, the chief executive officer now directly owns 260,936 shares of the company's stock, valued at $19,705,886.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Paul Seavey sold 31,988 shares of the firm's stock in a transaction dated 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 directly owns 148,463 shares in the company, valued at approximately $11,109,486.29. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 85,808 shares of company stock worth $6,348,011 in the last three months. Insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Royal Bank of Canada restated a "sector perform" rating and issued a $68.00 target price on shares of Equity LifeStyle Properties in a report on Wednesday, July 24th. Jefferies Financial Group initiated coverage on shares of Equity LifeStyle Properties in a research report on Thursday, October 17th. They issued a "hold" rating and a $72.00 price target on the stock. Truist Financial boosted their target price on shares of Equity LifeStyle Properties from $65.00 to $70.00 and gave the stock a "hold" rating in a research report on Tuesday, July 30th. UBS Group raised Equity LifeStyle Properties to a "strong-buy" rating in a research report on Thursday, October 10th. Finally, Evercore ISI upped their target price on shares of Equity LifeStyle Properties from $76.00 to $77.00 and gave the company an "in-line" rating in a research note on Monday. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $71.64.

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.