Equity LifeStyle Properties, Inc. (NYSE:ELS) Stock Position Lifted by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 213.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,277 shares of the real estate investment trust's stock after purchasing an additional 12,454 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Equity LifeStyle Properties were worth $1,304,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ELS. Moran Wealth Management LLC lifted its position in Equity LifeStyle Properties by 0.8% during the 3rd quarter. Moran Wealth Management LLC now owns 17,721 shares of the real estate investment trust's stock worth $1,264,000 after acquiring an additional 143 shares in the last quarter. V Square Quantitative Management LLC raised its stake in shares of Equity LifeStyle Properties by 31.3% during the third quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 146 shares during the period. Johnson Investment Counsel Inc. lifted its position in shares of Equity LifeStyle Properties by 0.6% during the second quarter. Johnson Investment Counsel Inc. now owns 26,792 shares of the real estate investment trust's stock worth $1,745,000 after purchasing an additional 152 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of Equity LifeStyle Properties by 0.9% in the second quarter. Toronto Dominion Bank now owns 16,974 shares of the real estate investment trust's stock valued at $1,106,000 after purchasing an additional 154 shares during the period. Finally, LRI Investments LLC grew its holdings in Equity LifeStyle Properties by 8.7% during the 2nd quarter. LRI Investments LLC now owns 2,132 shares of the real estate investment trust's stock valued at $139,000 after purchasing an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company's stock.

Equity LifeStyle Properties Stock Performance

ELS traded up $0.03 during trading hours on Thursday, hitting $68.38. 1,524,833 shares of the stock were exchanged, compared to its average volume of 1,201,656. The stock has a market cap of $13.06 billion, a price-to-earnings ratio of 35.24, a price-to-earnings-growth ratio of 3.70 and a beta of 0.77. The stock has a 50-day simple moving average of $69.90 and a 200-day simple moving average of $68.77. 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 12 month low of $59.82 and a 12 month high of $76.60.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last posted its quarterly earnings results 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 quarter in the previous year, the business posted $0.71 earnings per share. The company's quarterly revenue was down .4% compared to the same quarter last year. Analysts anticipate that Equity LifeStyle Properties, Inc. will post 2.92 earnings per share for the current year.

Equity LifeStyle Properties Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.477 per share. This represents a $1.91 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend is Friday, December 27th. Equity LifeStyle Properties's dividend payout ratio (DPR) is presently 98.45%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. UBS Group upgraded shares of Equity LifeStyle Properties to a "strong-buy" rating in a report on Thursday, October 10th. Evercore ISI boosted their price target on Equity LifeStyle Properties from $76.00 to $77.00 and gave the stock an "in-line" rating in a research note on Monday, October 21st. Truist Financial raised 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. Robert W. Baird upped 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 stock a "neutral" rating in a research report on Wednesday, October 23rd. 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 company. Based on data from MarketBeat, Equity LifeStyle Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.50.

Insider Transactions at Equity LifeStyle Properties

In related news, CFO Paul Seavey sold 31,988 shares of Equity LifeStyle Properties 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 in the company, valued at $11,109,486.29. This trade represents a 17.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Marguerite M. Nader sold 33,000 shares of the company's stock in a transaction dated 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 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 disclosure for this sale can be found here. Insiders own 1.40% of the company's stock.

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.