Quantinno Capital Management LP Acquires 708,925 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Quantinno Capital Management LP boosted its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 14,049.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 713,971 shares of the real estate investment trust's stock after buying an additional 708,925 shares during the quarter. Equity LifeStyle Properties makes up about 0.7% of Quantinno Capital Management LP's investment portfolio, making the stock its 17th largest holding. Quantinno Capital Management LP owned approximately 0.37% of Equity LifeStyle Properties worth $50,935,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Daiwa Securities Group Inc. lifted its stake in shares of Equity LifeStyle Properties by 370.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 2,329,431 shares of the real estate investment trust's stock worth $166,182,000 after acquiring an additional 1,834,491 shares during the last quarter. PGGM Investments grew its position in Equity LifeStyle Properties by 4,586.1% during the 2nd quarter. PGGM Investments now owns 1,843,496 shares of the real estate investment trust's stock worth $120,067,000 after purchasing an additional 1,804,156 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Equity LifeStyle Properties by 592.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,626,963 shares of the real estate investment trust's stock worth $116,068,000 after acquiring an additional 1,391,846 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Equity LifeStyle Properties by 56.5% during the third quarter. Principal Financial Group Inc. now owns 2,232,008 shares of the real estate investment trust's stock worth $159,232,000 after purchasing an additional 805,681 shares during the period. Finally, Caprock Group LLC purchased a new position in shares of Equity LifeStyle Properties during the third quarter worth $54,866,000. Institutional investors own 97.21% of the company's stock.

Insiders Place Their Bets

In other news, CEO Marguerite M. Nader sold 33,000 shares of the 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 completion of the sale, the chief executive officer now owns 260,936 shares of the company's stock, valued at $19,705,886.72. This represents a 11.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Paul Seavey sold 31,988 shares of the firm's stock in a transaction on Tuesday, September 17th. The shares were 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 directly 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 Up 0.5 %

Equity LifeStyle Properties stock traded up $0.37 during midday trading on Thursday, hitting $70.38. The stock had a trading volume of 341,855 shares, compared to its average volume of 1,200,274. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.35. The business has a fifty day moving average price of $70.01 and a 200 day moving average price of $68.56. Equity LifeStyle Properties, Inc. has a 12 month low of $59.82 and a 12 month high of $76.60. The stock has a market cap of $13.45 billion, a P/E ratio of 36.09, a P/E/G ratio of 3.70 and a beta of 0.77.

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 the consensus estimate of $0.72 by ($0.28). The business had revenue of $387.30 million for the quarter, compared to the consensus estimate of $315.78 million. Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. The firm's revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. Research analysts predict that Equity LifeStyle Properties, Inc. will post 2.92 EPS for the current year.

Equity LifeStyle Properties Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 27th will be given a $0.477 dividend. This represents a $1.91 annualized dividend and a yield of 2.71%. The ex-dividend date is Friday, December 27th. Equity LifeStyle Properties's dividend payout ratio is currently 98.45%.

Wall Street Analysts Forecast Growth

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

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.