Board of the Pension Protection Fund Increases Holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS)

Board of the Pension Protection Fund lifted its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 2,100.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,000 shares of the real estate investment trust's stock after acquiring an additional 10,500 shares during the period. 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 large investors have also recently made changes to their positions in ELS. Invesco Ltd. boosted its holdings in shares of Equity Lifestyle Properties by 592.7% in the fourth quarter. Invesco Ltd. now owns 3,918,241 shares of the real estate investment trust's stock worth $260,955,000 after acquiring an additional 3,352,584 shares during the period. Norges Bank bought a new position in shares of Equity Lifestyle Properties in the fourth quarter worth $163,212,000. Northern Trust Corp boosted its holdings in shares of Equity Lifestyle Properties by 43.3% in the fourth quarter. Northern Trust Corp now owns 2,434,858 shares of the real estate investment trust's stock worth $162,162,000 after acquiring an additional 735,580 shares during the period. Millennium Management LLC boosted its holdings in shares of Equity Lifestyle Properties by 221.2% in the fourth quarter. Millennium Management LLC now owns 975,391 shares of the real estate investment trust's stock worth $64,961,000 after acquiring an additional 671,703 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC bought a new stake in Equity Lifestyle Properties during the fourth quarter valued at $41,391,000. 97.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ELS shares. Jefferies Financial Group started coverage on 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. BMO Capital Markets dropped their price objective on Equity Lifestyle Properties from $78.00 to $77.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Truist Financial dropped their price objective on 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. Finally, Barclays started coverage on Equity Lifestyle Properties in a research note on Thursday, May 29th. They set an "equal weight" rating and a $70.00 price objective for the company. Four equities research 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 data from MarketBeat.com, Equity Lifestyle Properties has a consensus rating of "Moderate Buy" and an average price target of $73.90.

Equity Lifestyle Properties Price Performance

NYSE ELS traded up $0.21 during trading hours on Monday, reaching $61.67. 1,363,183 shares of the stock traded hands, compared to its average volume of 1,316,774. The stock has a 50 day simple moving average of $63.41 and a two-hundred day simple moving average of $65.37. Equity Lifestyle Properties, Inc. has a 1 year low of $58.86 and a 1 year high of $76.60. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.03 and a quick ratio of 0.03. The company has a market cap of $11.79 billion, a price-to-earnings ratio of 31.95, a price-to-earnings-growth ratio of 3.31 and a beta of 0.73.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share for the quarter, meeting 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 business had revenue of $327.21 million for the quarter, compared to the consensus estimate of $391.34 million. During the same quarter last year, the business posted $0.59 earnings per share. On average, analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The business 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 3.34%. Equity Lifestyle Properties's dividend payout ratio is currently 106.74%.

Insider Activity at Equity Lifestyle Properties

In other news, CFO Paul Seavey sold 10,000 shares of Equity Lifestyle Properties stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $64.72, for a total value of $647,200.00. Following the transaction, the chief financial officer owned 78,162 shares in the company, valued at approximately $5,058,644.64. The trade was a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company's stock.

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.