Quantinno Capital Management LP Acquires 4,940 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Quantinno Capital Management LP boosted its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 718,911 shares of the real estate investment trust's stock after purchasing an additional 4,940 shares during the period. Equity LifeStyle Properties makes up 0.5% of Quantinno Capital Management LP's portfolio, making the stock its 23rd biggest position. Quantinno Capital Management LP owned 0.38% of Equity LifeStyle Properties worth $47,879,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Empowered Funds LLC acquired a new stake in Equity LifeStyle Properties during the 4th quarter valued at $380,000. Vert Asset Management LLC boosted its stake in Equity LifeStyle Properties by 9.8% during the 4th quarter. Vert Asset Management LLC now owns 79,516 shares of the real estate investment trust's stock valued at $5,296,000 after acquiring an additional 7,092 shares during the last quarter. Lecap Asset Management Ltd. boosted its stake in Equity LifeStyle Properties by 185.8% during the 4th quarter. Lecap Asset Management Ltd. now owns 24,882 shares of the real estate investment trust's stock valued at $1,657,000 after acquiring an additional 16,176 shares during the last quarter. Van ECK Associates Corp boosted its stake in Equity LifeStyle Properties by 0.9% during the 4th quarter. Van ECK Associates Corp now owns 82,239 shares of the real estate investment trust's stock valued at $5,477,000 after acquiring an additional 759 shares during the last quarter. Finally, Avanza Fonder AB bought a new position in Equity LifeStyle Properties during the 4th quarter valued at $917,000. 97.21% of the stock is owned by institutional investors and hedge funds.

Equity LifeStyle Properties Price Performance

Shares of ELS traded up $0.18 during mid-day trading on Monday, hitting $65.04. The company's stock had a trading volume of 154,821 shares, compared to its average volume of 1,502,404. The firm has a 50-day moving average price of $65.16 and a 200 day moving average price of $66.96. The stock has a market capitalization of $12.43 billion, a price-to-earnings ratio of 33.37, a PEG ratio of 3.02 and a beta of 0.76. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03. Equity LifeStyle Properties, Inc. has a fifty-two week low of $58.86 and a fifty-two week high of $76.60.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last posted its quarterly 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 business had revenue of $327.21 million during the quarter, compared to analysts' expectations 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 period last year, the company posted $0.59 earnings per share. On average, research analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Dividend Announcement

The company also recently disclosed 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 is Friday, June 27th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.17%. Equity LifeStyle Properties's dividend payout ratio is currently 106.74%.

Insiders Place Their Bets

In other news, CFO Paul Seavey sold 10,000 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total value of $647,200.00. Following the sale, the chief financial officer now 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada reduced their price target on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating on the stock in a research report on Wednesday, January 29th. Truist Financial reduced 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 research report on Thursday, May 1st. BMO Capital Markets reduced 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 research report on Tuesday, April 22nd. Evercore ISI reduced their price target on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating on the stock in a research report on Tuesday, January 28th. Finally, Jefferies Financial Group initiated coverage on shares of Equity LifeStyle Properties in a research report on Tuesday, April 8th. They issued a "buy" rating and a $80.00 price target on the stock. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Equity LifeStyle Properties currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.33.

Equity LifeStyle Properties Company 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.