Equity Lifestyle Properties, Inc. (NYSE:ELS) Shares Purchased by Dupont Capital Management Corp

Dupont Capital Management Corp lifted its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 33.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 145,004 shares of the real estate investment trust's stock after buying an additional 36,655 shares during the quarter. Dupont Capital Management Corp owned about 0.08% of Equity Lifestyle Properties worth $9,672,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. National Pension Service purchased a new stake in Equity Lifestyle Properties in the fourth quarter valued at approximately $25,000. Bessemer Group Inc. raised its position in Equity Lifestyle Properties by 121.4% in the 4th 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 last quarter. SRS Capital Advisors Inc. acquired a new stake in Equity Lifestyle Properties during the 4th quarter worth $73,000. Farther Finance Advisors LLC grew its position in Equity Lifestyle Properties by 78.7% during 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 last quarter. Finally, Signaturefd LLC grew its position in Equity Lifestyle Properties by 32.9% during the 4th quarter. Signaturefd LLC now owns 1,854 shares of the real estate investment trust's stock worth $123,000 after purchasing an additional 459 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company's stock.

Equity Lifestyle Properties Price Performance

Shares of ELS stock traded down $0.55 during midday trading on Tuesday, reaching $63.48. 1,163,924 shares of the company traded hands, compared to its average volume of 1,324,528. The firm's 50 day simple moving average is $63.69 and its two-hundred day simple moving average is $65.59. The firm has a market cap of $12.14 billion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 3.20 and a beta of 0.73. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.03 and a quick ratio of 0.03. 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 earnings results on Monday, April 21st. The real estate investment trust reported $0.83 EPS for the quarter, hitting analysts' consensus estimates of $0.83. The company had revenue of $327.21 million for the quarter, compared to the consensus estimate of $391.34 million. Equity Lifestyle Properties had a return on equity of 21.99% and a net margin of 23.99%. During the same period in the previous year, the business earned $0.59 earnings per share. On average, equities research analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.25%. Equity Lifestyle Properties's dividend payout ratio (DPR) is 106.74%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ELS. Jefferies Financial Group initiated coverage on Equity Lifestyle Properties in a research note on Tuesday, April 8th. They issued a "buy" rating and a $80.00 target price on the stock. Barclays began coverage on shares of 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. Truist Financial lowered their target price on shares of Equity Lifestyle Properties from $72.00 to $71.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, BMO Capital Markets cut their price target on shares of Equity Lifestyle Properties from $78.00 to $77.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Equity Lifestyle Properties has a consensus rating of "Moderate Buy" and an average target price of $73.90.

Insider Buying and Selling

In related news, CFO Paul Seavey sold 10,000 shares of the company's 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 owns 78,162 shares of the company's stock, valued at approximately $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 at the SEC website. Insiders own 0.70% 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.