Vinva Investment Management Ltd Takes $520,000 Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Vinva Investment Management Ltd bought a new stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,353 shares of the real estate investment trust's stock, valued at approximately $520,000.

Other hedge funds also recently added to or reduced their stakes in the company. Walleye Trading LLC bought a new position in shares of Equity LifeStyle Properties in the first quarter worth $390,000. Atria Investments Inc increased its holdings in shares of Equity LifeStyle Properties by 7.0% in the 1st quarter. Atria Investments Inc now owns 30,109 shares of the real estate investment trust's stock valued at $1,939,000 after purchasing an additional 1,974 shares during the period. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Equity LifeStyle Properties by 8.7% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 62,172 shares of the real estate investment trust's stock valued at $4,004,000 after acquiring an additional 5,000 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Equity LifeStyle Properties by 36.0% during the 2nd quarter. GAMMA Investing LLC now owns 819 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 217 shares in the last quarter. Finally, Beese Fulmer Investment Management Inc. increased its stake in shares of Equity LifeStyle Properties by 7.1% during the 2nd quarter. Beese Fulmer Investment Management Inc. now owns 7,933 shares of the real estate investment trust's stock worth $517,000 after purchasing an additional 526 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on ELS. Evercore ISI boosted their target price on Equity LifeStyle Properties from $76.00 to $77.00 and gave the stock an "in-line" rating in a report on Monday, October 21st. Truist Financial lifted their price objective on Equity LifeStyle Properties from $70.00 to $71.00 and gave the company a "hold" rating in a report on Tuesday, November 12th. UBS Group raised Equity LifeStyle Properties to a "strong-buy" rating in a report on Thursday, October 10th. Robert W. Baird increased their price target on shares of 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, Wells Fargo & Company upgraded Equity LifeStyle Properties from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $70.50 to $82.00 in a research report on Thursday, September 19th. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Equity LifeStyle Properties currently has an average rating of "Moderate Buy" and an average price target of $72.50.

Insider Buying and Selling

In other news, CFO Paul Seavey sold 31,988 shares of the company's stock in a transaction dated 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 sale, the chief financial officer now directly owns 148,463 shares of the company's stock, valued at approximately $11,109,486.29. This represents a 17.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marguerite M. Nader sold 33,000 shares of the business'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 transaction, the chief executive officer now directly owns 260,936 shares in the company, valued at $19,705,886.72. The trade was a 11.23 % 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 corporate insiders.

Equity LifeStyle Properties Stock Down 1.1 %

Shares of ELS stock traded down $0.76 during trading hours on Friday, hitting $71.33. 674,408 shares of the company were exchanged, compared to its average volume of 1,195,000. Equity LifeStyle Properties, Inc. has a 52 week low of $59.82 and a 52 week 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 business has a 50 day moving average of $70.16 and a two-hundred day moving average of $68.43. The company has a market capitalization of $13.63 billion, a PE ratio of 36.77, a PEG ratio of 3.79 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly 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). The firm had revenue of $387.30 million during 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 business's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 earnings per share. Analysts anticipate 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. Stockholders of record on Friday, December 27th will be given a $0.477 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Friday, December 27th. Equity LifeStyle Properties's dividend payout ratio is presently 98.45%.

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.