Quantinno Capital Management LP Has $47.88 Million Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Quantinno Capital Management LP raised its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 718,911 shares of the real estate investment trust's stock after buying an additional 4,940 shares during the period. Equity LifeStyle Properties comprises approximately 0.5% of Quantinno Capital Management LP's investment portfolio, making the stock its 23rd biggest position. Quantinno Capital Management LP owned approximately 0.38% of Equity LifeStyle Properties worth $47,879,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ELS. Vanguard Group Inc. lifted its position in shares of Equity LifeStyle Properties by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 25,053,845 shares of the real estate investment trust's stock valued at $1,668,586,000 after acquiring an additional 388,888 shares in the last quarter. Principal Financial Group Inc. lifted its position in Equity LifeStyle Properties by 172.0% in the 4th quarter. Principal Financial Group Inc. now owns 6,070,817 shares of the real estate investment trust's stock worth $404,319,000 after buying an additional 3,838,809 shares in the last quarter. JPMorgan Chase & Co. lifted its position in 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 worth $339,713,000 after buying an additional 147,332 shares in the last quarter. Invesco Ltd. lifted its position in Equity LifeStyle Properties by 592.7% in the 4th quarter. Invesco Ltd. now owns 3,918,241 shares of the real estate investment trust's stock worth $260,955,000 after buying an additional 3,352,584 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Equity LifeStyle Properties by 1.4% in the 4th 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 in the last quarter. 97.21% of the stock is currently owned by institutional investors.

Equity LifeStyle Properties Stock Performance

ELS traded up $1.07 during trading on Friday, hitting $64.89. The stock had a trading volume of 858,769 shares, compared to its average volume of 1,303,549. The firm has a market cap of $12.41 billion, a PE ratio of 33.27, a P/E/G ratio of 3.02 and a beta of 0.76. Equity LifeStyle Properties, Inc. has a 12 month low of $58.86 and a 12 month high of $76.60. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15. The company has a 50 day simple moving average of $65.16 and a 200-day simple moving average of $67.01.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last announced its earnings results on Monday, April 21st. The real estate investment trust reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. The firm had revenue of $327.21 million for the quarter, compared to the consensus estimate of $391.34 million. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. During the same quarter last year, the firm posted $0.59 EPS. Analysts expect that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.

Equity LifeStyle Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be given a $0.515 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.06 annualized dividend and a yield of 3.17%. Equity LifeStyle Properties's dividend payout ratio is 106.74%.

Insiders Place Their Bets

In other news, CFO Paul Seavey sold 10,000 shares of Equity LifeStyle Properties stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total transaction of $647,200.00. Following the sale, the chief financial officer now directly owns 78,162 shares in the company, valued at approximately $5,058,644.64. The trade was a 11.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.40% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on ELS. Royal Bank of Canada cut their target price on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating for the company in a research report on Wednesday, January 29th. Robert W. Baird increased their target price on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Evercore ISI cut their target price on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating for the company in a research report on Tuesday, January 28th. Truist Financial cut their price target on shares of Equity LifeStyle Properties from $72.00 to $71.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, BMO Capital Markets cut their price target on shares of Equity LifeStyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Equity LifeStyle Properties presently has an average rating of "Moderate Buy" and an average target price 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.