Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Acquired by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board lifted its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 439.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,984 shares of the real estate investment trust's stock after buying an additional 27,685 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Equity LifeStyle Properties were worth $2,424,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Clearbridge Investments LLC lifted its stake in shares of Equity LifeStyle Properties by 25.5% in the 1st quarter. Clearbridge Investments LLC now owns 414,323 shares of the real estate investment trust's stock valued at $26,682,000 after acquiring an additional 84,214 shares during the last quarter. National Bank of Canada FI raised its stake in Equity LifeStyle Properties by 46,368.4% in the first quarter. National Bank of Canada FI now owns 355,483 shares of the real estate investment trust's stock worth $22,321,000 after buying an additional 354,718 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Equity LifeStyle Properties by 3.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 340,836 shares of the real estate investment trust's stock worth $21,952,000 after buying an additional 12,444 shares during the period. Crewe Advisors LLC bought a new stake in shares of Equity LifeStyle Properties during the first quarter valued at approximately $103,000. Finally, EntryPoint Capital LLC increased its stake in shares of Equity LifeStyle Properties by 266,700.0% in the 1st quarter. EntryPoint Capital LLC now owns 2,668 shares of the real estate investment trust's stock worth $172,000 after acquiring an additional 2,667 shares in the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Equity LifeStyle Properties 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 value of $2,492,160.00. Following the sale, the chief executive officer now owns 260,936 shares in the company, valued at approximately $19,705,886.72. This represents a 11.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 transaction of $2,393,662.04. Following the completion of 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 17.73 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company's stock.

Equity LifeStyle Properties Stock Down 0.3 %

Shares of NYSE:ELS traded down $0.19 during trading hours on Wednesday, hitting $70.66. The company's stock had a trading volume of 1,043,891 shares, compared to its average volume of 1,212,505. The firm's fifty day moving average price is $70.66 and its 200 day moving average price is $67.99. 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 company has a market capitalization of $13.50 billion, a price-to-earnings ratio of 36.52, a P/E/G ratio of 3.76 and a beta of 0.79. Equity LifeStyle Properties, Inc. has a 52 week low of $59.82 and a 52 week high of $76.60.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last posted 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). Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. The firm had revenue of $387.30 million for the quarter, compared to analysts' expectations of $315.78 million. During the same period in the previous year, the company earned $0.71 EPS. The company's revenue was down .4% on a year-over-year basis. As a group, research analysts expect that Equity LifeStyle Properties, Inc. will post 2.92 EPS for the current year.

Equity LifeStyle Properties Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.477 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, December 27th. Equity LifeStyle Properties's dividend payout ratio (DPR) is presently 98.45%.

Wall Street Analysts Forecast Growth

ELS has been the topic of a number of recent research reports. Compass Point increased their target price on Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Robert W. Baird upped their price target on Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Royal Bank of Canada reiterated a "sector perform" rating and issued a $68.00 price objective on shares of Equity LifeStyle Properties in a report on Wednesday, July 24th. Evercore ISI raised their price target on shares of Equity LifeStyle Properties from $76.00 to $77.00 and gave the company an "in-line" rating in a report on Monday, October 21st. Finally, Wells Fargo & Company raised shares of Equity LifeStyle Properties from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $70.50 to $82.00 in a report on Thursday, September 19th. Six investment 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target 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.