Aigen Investment Management LP Purchases 8,303 Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS)

Key Points

• Aigen Investment Management LP increased its holdings in Equity Lifestyle Properties, Inc. by 238.7% in the first quarter, now owning 11,781 shares valued at $786,000.
• Equity Lifestyle Properties reported $0.69 earnings per share for the last quarter, meeting analysts' expectations, but with a revenue decline of 0.8% year-over-year.
• The company announced a quarterly dividend of $0.515 per share, providing an annualized yield of 3.4% with a payout ratio of 106.74%.

Aigen Investment Management LP boosted its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 238.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,781 shares of the real estate investment trust's stock after buying an additional 8,303 shares during the quarter. Aigen Investment Management LP's holdings in Equity Lifestyle Properties were worth $786,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Beese Fulmer Investment Management Inc. boosted its holdings in shares of Equity Lifestyle Properties by 2.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 7,995 shares of the real estate investment trust's stock valued at $533,000 after acquiring an additional 200 shares in the last quarter. Xponance Inc. lifted its stake in Equity Lifestyle Properties by 0.7% in the 1st quarter. Xponance Inc. now owns 31,133 shares of the real estate investment trust's stock valued at $2,077,000 after acquiring an additional 203 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Equity Lifestyle Properties by 121.4% in the fourth quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 210 shares during the period. GF Fund Management CO. LTD. lifted its holdings in shares of Equity Lifestyle Properties by 6.8% during the 1st quarter. GF Fund Management CO. LTD. now owns 3,438 shares of the real estate investment trust's stock worth $229,000 after acquiring an additional 218 shares during the period. Finally, Seeds Investor LLC raised its position in shares of Equity Lifestyle Properties by 7.0% during the fourth quarter. Seeds Investor LLC now owns 3,763 shares of the real estate investment trust's stock worth $251,000 after acquiring an additional 245 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company's stock.

Equity Lifestyle Properties Trading Up 0.6%

Equity Lifestyle Properties stock traded up $0.37 during midday trading on Friday, hitting $60.66. 765,567 shares of the stock were exchanged, compared to its average volume of 1,532,048. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $76.60. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.24. The stock's 50-day simple moving average is $61.57 and its 200 day simple moving average is $64.12. The stock has a market capitalization of $11.76 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 3.25 and a beta of 0.70.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.69 EPS for the quarter, hitting analysts' consensus estimates of $0.69. The business had revenue of $313.29 million during the quarter, compared to the consensus estimate of $377.59 million. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. The company's quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 earnings per share. On average, equities analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, September 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.4%. Equity Lifestyle Properties's dividend payout ratio (DPR) is currently 106.74%.

Wall Street Analyst Weigh In

ELS has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their target price on Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. BMO Capital Markets cut 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. Royal Bank Of Canada dropped their price target on Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating on the stock in a research report on Wednesday, July 23rd. Wall Street Zen downgraded Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Finally, Truist Financial set a $68.00 target price on Equity Lifestyle Properties and gave the company a "buy" rating in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Equity Lifestyle Properties currently has a consensus rating of "Moderate Buy" and an average target price of $71.50.

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.