CTC Alternative Strategies Ltd. Takes $346,000 Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

CTC Alternative Strategies Ltd. bought a new stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,200 shares of the real estate investment trust's stock, valued at approximately $346,000. Equity LifeStyle Properties accounts for approximately 0.4% of CTC Alternative Strategies Ltd.'s investment portfolio, making the stock its 24th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. National Pension Service purchased a new position in Equity LifeStyle Properties during the 4th quarter valued at approximately $25,000. Bessemer Group Inc. lifted its stake in shares of Equity LifeStyle Properties by 121.4% during the 4th quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 210 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of Equity LifeStyle Properties during the 4th quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Equity LifeStyle Properties by 43.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 171 shares during the last quarter. Finally, UMB Bank n.a. raised its position in Equity LifeStyle Properties by 68.2% during the 4th quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust's stock valued at $60,000 after purchasing an additional 364 shares in the last quarter. Institutional investors own 97.21% of the company's stock.

Analyst Ratings Changes

ELS has been the subject of several recent research reports. Truist Financial reduced their price target 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. Royal Bank of Canada dropped their price target on Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating on the stock in a research note on Wednesday, January 29th. BMO Capital Markets dropped their price target on Equity LifeStyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Jefferies Financial Group initiated coverage on Equity LifeStyle Properties in a research note on Tuesday, April 8th. They set a "buy" rating and a $80.00 price target on the stock. Finally, Barclays initiated coverage on Equity LifeStyle Properties in a research note on Thursday. They issued an "equal weight" rating and a $70.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Equity LifeStyle Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.90.

Equity LifeStyle Properties Trading Down 0.8%

Equity LifeStyle Properties stock traded down $0.52 during mid-day trading on Thursday, hitting $62.62. The company's stock had a trading volume of 1,063,646 shares, compared to its average volume of 1,308,655. The firm has a market capitalization of $11.97 billion, a PE ratio of 32.13, a price-to-earnings-growth ratio of 3.02 and a beta of 0.76. Equity LifeStyle Properties, Inc. has a 1 year low of $58.86 and a 1 year high of $76.60. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15. The stock's fifty day moving average is $64.57 and its two-hundred day moving average is $66.69.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share for the quarter, hitting the consensus estimate of $0.83. The company had revenue of $327.21 million during the quarter, compared to analyst estimates of $391.34 million. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. During the same period in the prior year, the business posted $0.59 earnings per share. On average, 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 disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors 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 annualized dividend and a yield of 3.29%. Equity LifeStyle Properties's payout ratio is 106.74%.

Insider Transactions at Equity LifeStyle Properties

In other news, CFO Paul Seavey sold 10,000 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $64.72, for a total transaction of $647,200.00. Following the completion of the transaction, the chief financial officer now directly owns 78,162 shares in the company, valued at $5,058,644.64. This trade represents a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.70% of the company's stock.

About Equity LifeStyle Properties

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.