Tidal Investments LLC Acquires 15,310 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Tidal Investments LLC lifted its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 15.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,115 shares of the real estate investment trust's stock after acquiring an additional 15,310 shares during the period. Tidal Investments LLC owned approximately 0.06% of Equity LifeStyle Properties worth $7,998,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Daiwa Securities Group Inc. lifted its stake in Equity LifeStyle Properties by 370.6% during the third quarter. Daiwa Securities Group Inc. now owns 2,329,431 shares of the real estate investment trust's stock worth $166,182,000 after purchasing an additional 1,834,491 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of 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 valued at $116,068,000 after purchasing an additional 1,391,846 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Equity LifeStyle Properties by 56.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,232,008 shares of the real estate investment trust's stock worth $159,232,000 after buying an additional 805,681 shares in the last quarter. Caprock Group LLC bought a new stake in shares of Equity LifeStyle Properties during the 3rd quarter worth $54,866,000. Finally, Quantinno Capital Management LP boosted its stake in Equity LifeStyle Properties by 14,049.2% in the third quarter. Quantinno Capital Management LP now owns 713,971 shares of the real estate investment trust's stock valued at $50,935,000 after buying an additional 708,925 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company's stock.

Insider Activity

In related news, CEO Marguerite M. Nader sold 33,000 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 260,936 shares of the company's stock, valued at $19,705,886.72. The trade was a 11.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 directly owns 148,463 shares in the company, valued at approximately $11,109,486.29. This trade represents a 17.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

Equity LifeStyle Properties Trading Down 0.6 %

NYSE ELS traded down $0.38 during mid-day trading on Friday, reaching $68.00. 421,463 shares of the stock were exchanged, compared to its average volume of 1,198,141. The stock has a market cap of $12.99 billion, a P/E ratio of 35.24, a P/E/G ratio of 3.63 and a beta of 0.77. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.03 and a quick ratio of 0.03. Equity LifeStyle Properties, Inc. has a one year low of $59.82 and a one year high of $76.60. The stock has a 50 day simple moving average of $69.87 and a 200-day simple moving average of $68.77.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last posted its quarterly earnings data 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). 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 business posted $0.71 earnings per share. The business's revenue was down .4% on a year-over-year basis. On average, analysts anticipate 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 given a dividend of $0.477 per share. This represents a $1.91 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Friday, December 27th. Equity LifeStyle Properties's dividend payout ratio (DPR) is 98.45%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ELS shares. Jefferies Financial Group initiated coverage on shares of Equity LifeStyle Properties in a report on Thursday, October 17th. They issued a "hold" rating and a $72.00 target price for the company. Evercore ISI increased their price objective 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, October 21st. Wells Fargo & Company raised shares of Equity LifeStyle Properties from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $70.50 to $82.00 in a research note on Thursday, September 19th. Robert W. Baird increased their target price on Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd. Finally, Compass Point raised their price target on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Six investment 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 stock. Based on data from MarketBeat.com, the company 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.