LDR Capital Management LLC Invests $3.05 Million in Equity Lifestyle Properties, Inc. (NYSE:ELS)

LDR Capital Management LLC bought a new position in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 45,779 shares of the real estate investment trust's stock, valued at approximately $3,053,000. Equity Lifestyle Properties makes up about 3.7% of LDR Capital Management LLC's portfolio, making the stock its 8th biggest position.

Several other hedge funds also recently made changes to their positions in the company. State of Alaska Department of Revenue grew its position in shares of Equity Lifestyle Properties by 1.3% in the 1st quarter. State of Alaska Department of Revenue now owns 136,068 shares of the real estate investment trust's stock worth $9,073,000 after acquiring an additional 1,741 shares in the last quarter. Seven Post Investment Office LP grew its position in shares of Equity Lifestyle Properties by 0.7% in the 1st quarter. Seven Post Investment Office LP now owns 190,185 shares of the real estate investment trust's stock worth $12,685,000 after acquiring an additional 1,387 shares in the last quarter. QRG Capital Management Inc. grew its position in shares of Equity Lifestyle Properties by 11.1% in the 1st quarter. QRG Capital Management Inc. now owns 11,602 shares of the real estate investment trust's stock worth $774,000 after acquiring an additional 1,162 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Equity Lifestyle Properties by 2.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 29,825 shares of the real estate investment trust's stock worth $1,989,000 after acquiring an additional 757 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its position in shares of Equity Lifestyle Properties by 11.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 14,004 shares of the real estate investment trust's stock worth $934,000 after acquiring an additional 1,420 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company's stock.

Equity Lifestyle Properties Stock Performance

ELS stock traded down $0.27 during trading on Friday, reaching $62.80. 1,672,270 shares of the company's stock were exchanged, compared to its average volume of 1,325,337. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.14. Equity Lifestyle Properties, Inc. has a 1-year low of $58.86 and a 1-year high of $76.60. The company's fifty day moving average price is $63.71 and its 200-day moving average price is $65.66. The firm has a market cap of $12.01 billion, a PE ratio of 32.54, a P/E/G ratio of 3.20 and a beta of 0.73.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.83. Equity Lifestyle Properties had a return on equity of 21.99% and a net margin of 23.99%. The company had revenue of $327.21 million during the quarter, compared to analyst estimates of $391.34 million. During the same quarter in the previous year, the firm posted $0.59 EPS. On average, research analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a $0.515 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.06 annualized dividend and a dividend yield of 3.28%. Equity Lifestyle Properties's dividend payout ratio (DPR) is 106.74%.

Analyst Ratings Changes

A number of research firms recently issued reports on ELS. Jefferies Financial Group began coverage on Equity Lifestyle Properties in a research report on Tuesday, April 8th. They set a "buy" rating and a $80.00 price objective for the company. Barclays began coverage on Equity Lifestyle Properties in a research report on Thursday, May 29th. They set an "equal weight" rating and a $70.00 price objective for the company. BMO Capital Markets reduced their price objective on Equity Lifestyle Properties from $78.00 to $77.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Finally, Truist Financial reduced their price objective on Equity Lifestyle Properties from $72.00 to $71.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Four 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 MarketBeat, Equity Lifestyle Properties presently has an average rating of "Moderate Buy" and an average target price of $73.90.

Insider Activity

In other news, CFO Paul Seavey sold 10,000 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $64.72, for a total value of $647,200.00. Following the completion of the sale, the chief financial officer now owns 78,162 shares in the company, valued at $5,058,644.64. This represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.40% of the company's stock.

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.