Dark Forest Capital Management LP Takes $761,000 Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Dark Forest Capital Management LP acquired a new stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,421 shares of the real estate investment trust's stock, valued at approximately $761,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ELS. Vanguard Group Inc. increased its holdings in Equity LifeStyle Properties by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 25,053,845 shares of the real estate investment trust's stock worth $1,668,586,000 after buying an additional 388,888 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Equity LifeStyle Properties by 172.0% during the 4th quarter. Principal Financial Group Inc. now owns 6,070,817 shares of the real estate investment trust's stock valued at $404,319,000 after purchasing an additional 3,838,809 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Equity LifeStyle Properties by 3.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,761,879 shares of the real estate investment trust's stock valued at $339,713,000 after purchasing an additional 147,332 shares during the last quarter. Invesco Ltd. boosted its holdings in Equity LifeStyle Properties by 592.7% in the fourth quarter. Invesco Ltd. now owns 3,918,241 shares of the real estate investment trust's stock worth $260,955,000 after purchasing an additional 3,352,584 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Equity LifeStyle Properties by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 3,887,371 shares of the real estate investment trust's stock worth $258,536,000 after buying an additional 53,775 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company's stock.

Equity LifeStyle Properties Stock Performance

Shares of NYSE ELS traded up $0.31 during mid-day trading on Wednesday, hitting $64.10. The company had a trading volume of 230,605 shares, compared to its average volume of 1,298,562. Equity LifeStyle Properties, Inc. has a 12 month low of $58.86 and a 12 month high of $76.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03. The firm has a market cap of $12.25 billion, a P/E ratio of 32.84, a PEG ratio of 3.02 and a beta of 0.72. The business's 50-day simple moving average is $66.17 and its 200-day simple moving average is $67.46.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share for the quarter, hitting the consensus estimate of $0.83. The company had revenue of $327.21 million for the quarter, compared to analyst estimates of $391.34 million. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. During the same quarter last year, the firm earned $0.59 EPS. As a group, analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity LifeStyle Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.21%. Equity LifeStyle Properties's dividend payout ratio is 106.74%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Robert W. Baird upped their price target on Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. BMO Capital Markets lowered their price target on Equity LifeStyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group initiated coverage on shares of Equity LifeStyle Properties in a report on Tuesday, April 8th. They set a "buy" rating and a $80.00 price objective for the company. Evercore ISI dropped their target price on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating on the stock in a report on Tuesday, January 28th. Finally, Truist Financial upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $74.33.

Equity LifeStyle Properties Profile

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.