Versor Investments LP Makes New Investment in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Versor Investments LP purchased a new position in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 13,142 shares of the real estate investment trust's stock, valued at approximately $938,000.

A number of other hedge funds have also recently modified their holdings of ELS. PGGM Investments boosted its position in shares of Equity LifeStyle Properties by 4,586.1% in the second 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 period. Principal Financial Group Inc. raised its holdings in 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 valued at $159,232,000 after acquiring an additional 805,681 shares during the period. ProShare Advisors LLC lifted its position in shares of Equity LifeStyle Properties by 4,590.4% in the first quarter. ProShare Advisors LLC now owns 459,846 shares of the real estate investment trust's stock valued at $29,614,000 after acquiring an additional 450,042 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Equity LifeStyle Properties by 569.9% in the second quarter. Daiwa Securities Group Inc. now owns 494,940 shares of the real estate investment trust's stock worth $32,235,000 after acquiring an additional 421,062 shares during the period. Finally, National Bank of Canada FI grew its position in shares of Equity LifeStyle Properties by 46,368.4% during 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 purchasing an additional 354,718 shares in the last quarter. Institutional investors own 97.21% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wells Fargo & Company raised Equity LifeStyle Properties from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $70.50 to $82.00 in a report on Thursday, September 19th. Compass Point boosted their target price on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Robert W. Baird boosted their price target on shares of Equity LifeStyle Properties from $71.00 to $72.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. Jefferies Financial Group started coverage on Equity LifeStyle Properties in a research note on Thursday, October 17th. They issued a "hold" rating and a $72.00 price objective on the stock. Finally, UBS Group raised shares of Equity LifeStyle Properties to a "strong-buy" rating in a report on Thursday, October 10th. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $72.50.

Equity LifeStyle Properties Trading Up 0.3 %

Shares of NYSE ELS traded up $0.21 during midday trading on Wednesday, hitting $72.45. The company's stock had a trading volume of 1,204,346 shares, compared to its average volume of 1,212,230. The business's 50 day moving average is $70.88 and its two-hundred day moving average is $67.68. Equity LifeStyle Properties, Inc. has a 12-month low of $59.82 and a 12-month high of $76.60. 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 firm has a market cap of $13.84 billion, a P/E ratio of 37.35, a price-to-earnings-growth ratio of 3.84 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last released 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). The business had revenue of $387.30 million during the quarter, compared to analysts' expectations of $315.78 million. Equity LifeStyle Properties had a return on equity of 24.10% and a net margin of 23.97%. The business's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 EPS. As a group, equities 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 declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be paid a dividend of $0.477 per share. This represents a $1.91 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Friday, December 27th. Equity LifeStyle Properties's dividend payout ratio is presently 98.45%.

Insider Activity at Equity LifeStyle Properties

In other Equity LifeStyle Properties news, CEO Marguerite M. Nader sold 33,000 shares of the firm's 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 transaction, the chief executive officer now directly owns 260,936 shares in the company, valued at $19,705,886.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Marguerite M. Nader sold 33,000 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $19,705,886.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Paul Seavey sold 31,988 shares of the business'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 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 $11,109,486.29. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 85,808 shares of company stock worth $6,348,011. Company insiders own 1.40% of the company's stock.

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.