Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC grew its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 256.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 158,947 shares of the real estate investment trust's stock after acquiring an additional 114,311 shares during the period. Squarepoint Ops LLC owned about 0.08% of Equity LifeStyle Properties worth $10,586,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Principal Financial Group Inc. lifted its holdings in shares of Equity LifeStyle Properties by 172.0% during the fourth quarter. Principal Financial Group Inc. now owns 6,070,817 shares of the real estate investment trust's stock valued at $404,319,000 after purchasing an additional 3,838,809 shares during the last quarter. Invesco Ltd. lifted its stake in Equity LifeStyle Properties by 592.7% during the fourth quarter. Invesco Ltd. now owns 3,918,241 shares of the real estate investment trust's stock valued at $260,955,000 after buying an additional 3,352,584 shares in the last quarter. Norges Bank purchased a new stake in Equity LifeStyle Properties during the fourth quarter valued at about $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 buying an additional 735,580 shares during the period. Finally, Millennium Management LLC increased its position 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 in the last quarter. 97.21% of the stock is owned by institutional investors.

Equity LifeStyle Properties Stock Down 1.1%

Equity LifeStyle Properties stock opened at $63.38 on Friday. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15. Equity LifeStyle Properties, Inc. has a 1-year low of $58.86 and a 1-year high of $76.60. The firm's fifty day simple moving average is $64.96 and its 200-day simple moving average is $66.86. The company has a market capitalization of $12.12 billion, a P/E ratio of 32.50, a P/E/G ratio of 3.02 and a beta of 0.76.

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 earnings per share for the quarter, meeting the consensus estimate of $0.83. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. The company had revenue of $327.21 million for the quarter, compared to analyst estimates of $391.34 million. During the same period last year, the company earned $0.59 earnings per share. Sell-side analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity LifeStyle Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors 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 yield of 3.25%. Equity LifeStyle Properties's dividend payout ratio (DPR) is currently 106.74%.

Insider Buying and Selling

In related news, CFO Paul Seavey sold 10,000 shares of Equity LifeStyle Properties stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total value of $647,200.00. Following the transaction, the chief financial officer now owns 78,162 shares in the company, valued at $5,058,644.64. This trade represents a 11.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

ELS has been the subject of several research analyst reports. Robert W. Baird upped their price target on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Royal Bank of Canada decreased their target price on Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating for the company in a research report on Wednesday, January 29th. BMO Capital Markets dropped their target price on Equity LifeStyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Truist Financial decreased their target price 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. Finally, Jefferies Financial Group assumed coverage on shares of Equity LifeStyle Properties in a report on Tuesday, April 8th. They set a "buy" rating and a $80.00 price target on the stock. Three 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 MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $74.33.

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.

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