Board of the Pension Protection Fund Buys 10,500 Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS)

Board of the Pension Protection Fund grew its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 2,100.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,000 shares of the real estate investment trust's stock after buying an additional 10,500 shares during the quarter. Board of the Pension Protection Fund's holdings in Equity Lifestyle Properties were worth $734,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. QRG Capital Management Inc. increased its stake in Equity Lifestyle Properties by 11.1% during the first 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 during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Equity Lifestyle Properties by 78.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust's stock worth $96,000 after purchasing an additional 635 shares during the period. Dupont Capital Management Corp increased its position in shares of Equity Lifestyle Properties by 33.8% during the 1st quarter. Dupont Capital Management Corp now owns 145,004 shares of the real estate investment trust's stock valued at $9,672,000 after purchasing an additional 36,655 shares during the last quarter. OFI Invest Asset Management bought a new position in shares of Equity Lifestyle Properties during the 4th quarter valued at approximately $659,000. Finally, Vert Asset Management LLC raised its holdings in Equity Lifestyle Properties by 6.6% during the 1st quarter. Vert Asset Management LLC now owns 84,780 shares of the real estate investment trust's stock valued at $5,655,000 after buying an additional 5,264 shares during the period. Institutional investors own 97.21% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of Equity Lifestyle Properties in a research note on Tuesday, April 8th. They set a "buy" rating and a $80.00 price objective for the company. Truist Financial dropped their price target on shares of Equity Lifestyle Properties from $72.00 to $71.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. 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. Finally, Barclays started coverage on shares of Equity Lifestyle Properties in a research note on Thursday, May 29th. They issued an "equal weight" rating and a $70.00 price objective for the company. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $73.90.

Insider Activity

In other news, CFO Paul Seavey sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total transaction of $647,200.00. Following the transaction, the chief financial officer now directly owns 78,162 shares in the company, valued at approximately $5,058,644.64. This trade represents a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.40% of the company's stock.

Equity Lifestyle Properties Trading Down 1.9%

Equity Lifestyle Properties stock traded down $1.19 during trading hours on Friday, hitting $61.43. The company had a trading volume of 1,612,649 shares, compared to its average volume of 1,324,802. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.03 and a current ratio of 0.03. The firm has a market cap of $11.74 billion, a P/E ratio of 31.83, a P/E/G ratio of 3.18 and a beta of 0.73. The company has a 50-day moving average price of $63.54 and a two-hundred day moving average price of $65.50. Equity Lifestyle Properties, Inc. has a 1 year low of $58.86 and a 1 year 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 earnings per share for the quarter, meeting the consensus estimate of $0.83. Equity Lifestyle Properties had a net margin of 23.99% and a return on equity of 21.99%. The firm had revenue of $327.21 million during the quarter, compared to the consensus estimate of $391.34 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. On average, sell-side analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.06 annualized dividend and a dividend yield of 3.35%. Equity Lifestyle Properties's dividend payout ratio is currently 106.74%.

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.