Equity Lifestyle Properties, Inc. (NYSE:ELS) Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP lifted its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 353.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,840 shares of the real estate investment trust's stock after purchasing an additional 16,241 shares during the period. GSA Capital Partners LLP's holdings in Equity Lifestyle Properties were worth $1,390,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Principal Financial Group Inc. lifted its stake in Equity Lifestyle Properties by 4.6% in the first quarter. Principal Financial Group Inc. now owns 6,349,010 shares of the real estate investment trust's stock worth $423,479,000 after acquiring an additional 278,193 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Equity Lifestyle Properties by 15.1% in the first quarter. Victory Capital Management Inc. now owns 5,330,066 shares of the real estate investment trust's stock worth $355,515,000 after acquiring an additional 699,877 shares during the last quarter. Invesco Ltd. lifted its stake in 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 worth $260,955,000 after acquiring an additional 3,352,584 shares during the last quarter. Geode Capital Management LLC lifted its stake in Equity Lifestyle Properties by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 3,887,371 shares of the real estate investment trust's stock worth $258,536,000 after acquiring an additional 53,775 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Equity Lifestyle Properties by 0.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,201,077 shares of the real estate investment trust's stock worth $213,192,000 after buying an additional 23,837 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company's stock.

Equity Lifestyle Properties Stock Performance

Shares of Equity Lifestyle Properties stock traded up $0.37 during trading on Friday, reaching $60.29. The company's stock had a trading volume of 2,200,136 shares, compared to its average volume of 1,517,044. The company has a 50-day moving average price of $62.08 and a two-hundred day moving average price of $64.51. The firm has a market cap of $11.68 billion, a PE ratio of 31.24, a P/E/G ratio of 3.13 and a beta of 0.72. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $76.60. The company has a current ratio of 0.04, a quick ratio of 0.03 and a debt-to-equity ratio of 0.24.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $313.29 million for the quarter, compared to analysts' expectations of $377.59 million. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. Equity Lifestyle Properties's revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.66 EPS. On average, analysts forecast that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be paid a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.4%. Equity Lifestyle Properties's dividend payout ratio is 106.74%.

Insider Buying and Selling at Equity Lifestyle Properties

In other news, CFO Paul Seavey sold 10,000 shares of the company's stock in a transaction 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 directly owned 78,162 shares of the company's stock, valued at $5,058,644.64. This represents a 11.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Royal Bank Of Canada reduced their price objective on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating for the company in a research report on Wednesday, July 23rd. Wells Fargo & Company reduced 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. 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. Morgan Stanley assumed coverage on shares of Equity Lifestyle Properties in a research report on Tuesday, July 15th. They set a "positive" rating and a $67.50 price objective for the company. Finally, BMO Capital Markets reduced their price objective on shares of Equity Lifestyle Properties from $78.00 to $77.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $71.50.

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.