Point72 DIFC Ltd Purchases Shares of 27,085 Equity LifeStyle Properties, Inc. (NYSE:ELS)

Point72 DIFC Ltd purchased a new stake in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,085 shares of the real estate investment trust's stock, valued at approximately $1,932,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ELS. GAMMA Investing LLC boosted its holdings in Equity LifeStyle Properties by 36.0% in the second quarter. GAMMA Investing LLC now owns 819 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 217 shares during the last quarter. DNB Asset Management AS boosted its holdings in Equity LifeStyle Properties by 13.8% in the second quarter. DNB Asset Management AS now owns 28,155 shares of the real estate investment trust's stock valued at $1,834,000 after purchasing an additional 3,419 shares during the last quarter. Manning & Napier Advisors LLC purchased a new position in Equity LifeStyle Properties in the second quarter valued at about $9,429,000. Aurora Investment Managers LLC. boosted its holdings in Equity LifeStyle Properties by 25.7% in the second quarter. Aurora Investment Managers LLC. now owns 38,832 shares of the real estate investment trust's stock valued at $2,529,000 after purchasing an additional 7,940 shares during the last quarter. Finally, Farrow Financial Inc. raised its stake in Equity LifeStyle Properties by 1.0% during the second quarter. Farrow Financial Inc. now owns 22,089 shares of the real estate investment trust's stock valued at $1,439,000 after buying an additional 211 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company's stock.

Equity LifeStyle Properties Stock Performance

Shares of Equity LifeStyle Properties stock traded up $0.20 on Thursday, reaching $70.21. 878,779 shares of the company were exchanged, compared to its average volume of 1,202,689. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.03 and a current ratio of 0.03. The company's 50-day moving average is $69.99 and its two-hundred day moving average is $68.57. The firm has a market cap of $13.41 billion, a price-to-earnings ratio of 36.19, a P/E/G ratio of 3.70 and a beta of 0.77. Equity LifeStyle Properties, Inc. has a 1-year low of $59.82 and a 1-year high of $76.60.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.28). Equity LifeStyle Properties had a return on equity of 24.10% and a net margin of 23.97%. The business had revenue of $387.30 million during the quarter, compared to the consensus estimate of $315.78 million. During the same period last year, the company earned $0.71 earnings per share. The business's quarterly revenue was down .4% compared to the same quarter last year. As a group, research analysts expect that Equity LifeStyle Properties, Inc. will post 2.92 earnings per share for the current fiscal year.

Equity LifeStyle Properties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be issued a $0.477 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Friday, December 27th. Equity LifeStyle Properties's dividend payout ratio (DPR) is 98.45%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ELS. UBS Group upgraded Equity LifeStyle Properties to a "strong-buy" rating in a research note on Thursday, October 10th. Compass Point upped their price objective on Equity LifeStyle Properties from $70.00 to $72.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Wells Fargo & Company upgraded Equity LifeStyle Properties from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $70.50 to $82.00 in a research note on Thursday, September 19th. Robert W. Baird upped their price objective on Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. Finally, Truist Financial upped their price objective on Equity LifeStyle Properties from $70.00 to $71.00 and gave the company a "hold" rating in a research note on Tuesday, November 12th. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $72.50.

Insider Buying and Selling

In other Equity LifeStyle Properties 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 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. This trade represents a 11.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Paul Seavey sold 31,988 shares of the 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 transaction, the chief financial officer now directly owns 148,463 shares of the company's stock, valued at approximately $11,109,486.29. The trade was a 17.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.