Squarepoint Ops LLC Purchases 114,311 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Squarepoint Ops LLC grew its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 256.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 158,947 shares of the real estate investment trust's stock after buying an additional 114,311 shares during the quarter. Squarepoint Ops LLC owned 0.08% of Equity LifeStyle Properties worth $10,586,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of Equity LifeStyle Properties by 172.0% in 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 period. Invesco Ltd. boosted its stake 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 valued at $260,955,000 after purchasing an additional 3,352,584 shares during the period. Norges Bank purchased a new position in shares of Equity LifeStyle Properties in the fourth quarter valued at $163,212,000. Northern Trust Corp boosted its stake 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 valued at $162,162,000 after purchasing an additional 735,580 shares during the period. Finally, Millennium Management LLC boosted its stake 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 valued at $64,961,000 after purchasing an additional 671,703 shares during the period. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Equity LifeStyle Properties Stock Performance

Shares of Equity LifeStyle Properties stock traded down $1.13 on Wednesday, reaching $63.21. 602,724 shares of the company were exchanged, compared to its average volume of 1,301,728. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02. The company's 50-day moving average is $64.68 and its two-hundred day moving average is $66.71. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 32.51, a P/E/G 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.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share for the quarter, hitting analysts' consensus estimates of $0.83. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. The business had revenue of $327.21 million for the quarter, compared to analysts' expectations of $391.34 million. During the same period in the prior year, the firm earned $0.59 EPS. As a group, research analysts expect that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity LifeStyle Properties Dividend Announcement

The company also recently disclosed 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 is Friday, June 27th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.26%. Equity LifeStyle Properties's dividend payout ratio (DPR) is presently 106.74%.

Wall Street Analysts Forecast Growth

ELS has been the subject of several analyst reports. BMO Capital Markets decreased their target price on shares of 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. Robert W. Baird increased their price objective on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Truist Financial reduced their price objective on shares of Equity LifeStyle Properties from $72.00 to $71.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Royal Bank of Canada reduced their price objective on shares of 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. Finally, Jefferies Financial Group started coverage on shares of Equity LifeStyle Properties in a research note on Tuesday, April 8th. They set a "buy" rating and a $80.00 price objective on the stock. Three investment 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. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $74.33.

Insider Buying and Selling

In other Equity LifeStyle Properties news, CFO Paul Seavey sold 10,000 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total value 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 sale was disclosed in a filing with the SEC, which is available through this link. 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.