14,296 Shares in Equity Lifestyle Properties, Inc. (NYSE:ELS) Bought by Entropy Technologies LP

Key Points

• Entropy Technologies LP has invested approximately $954,000 in Equity Lifestyle Properties, acquiring 14,296 shares during the first quarter.
• Equity Lifestyle Properties has declared a quarterly dividend of $0.515 per share, with a dividend yield of 3.4%, scheduled to be paid on October 10.
• Analysts have a consensus rating of "Moderate Buy" for Equity Lifestyle Properties, with a price target of $71.50.

Entropy Technologies LP bought a new stake in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,296 shares of the real estate investment trust's stock, valued at approximately $954,000.

Other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. raised its stake 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 acquiring an additional 210 shares during the last quarter. Farther Finance Advisors LLC raised its position in 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 last quarter. Blue Trust Inc. raised its position in Equity Lifestyle Properties by 351.6% in the 1st quarter. Blue Trust Inc. now owns 1,865 shares of the real estate investment trust's stock worth $124,000 after purchasing an additional 1,452 shares during the last quarter. Headlands Technologies LLC bought a new position in Equity Lifestyle Properties in the 1st quarter worth approximately $141,000. Finally, UMB Bank n.a. raised its position in Equity Lifestyle Properties by 137.5% in the 1st quarter. UMB Bank n.a. now owns 2,133 shares of the real estate investment trust's stock worth $142,000 after purchasing an additional 1,235 shares during the last quarter. Institutional investors own 97.21% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Equity Lifestyle Properties in a research report on Tuesday, July 15th. They issued a "positive" rating and a $67.50 price objective for the company. Truist Financial set a $68.00 price objective on shares of Equity Lifestyle Properties and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Compass Point upgraded shares of Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price objective for the company in a research report on Tuesday, July 22nd. Wells Fargo & Company dropped their price objective on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Finally, Barclays upgraded shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and dropped their target price for the company from $70.00 to $67.00 in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $71.50.

Equity Lifestyle Properties Trading Up 0.6%

Shares of Equity Lifestyle Properties stock traded up $0.37 on Friday, hitting $60.66. 1,219,570 shares of the company's stock traded hands, compared to its average volume of 1,966,618. Equity Lifestyle Properties, Inc. has a one year low of $58.15 and a one year high of $76.60. The stock has a market capitalization of $11.76 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 3.22 and a beta of 0.70. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.04 and a quick ratio of 0.04. The firm's 50-day moving average price is $61.54 and its two-hundred day moving average price is $64.08.

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

Equity Lifestyle Properties Announces Dividend

The company 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 $0.515 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.4%. Equity Lifestyle Properties's payout ratio is 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.