Equity Lifestyle Properties, Inc. (NYSE:ELS) Position Raised by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 4.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,349,010 shares of the real estate investment trust's stock after acquiring an additional 278,193 shares during the quarter. Principal Financial Group Inc. owned 3.32% of Equity Lifestyle Properties worth $423,479,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Teacher Retirement System of Texas grew its position in Equity Lifestyle Properties by 93.0% in the first quarter. Teacher Retirement System of Texas now owns 32,432 shares of the real estate investment trust's stock valued at $2,163,000 after acquiring an additional 15,632 shares in the last quarter. New York State Teachers Retirement System grew its position in Equity Lifestyle Properties by 0.4% in the first quarter. New York State Teachers Retirement System now owns 134,668 shares of the real estate investment trust's stock valued at $8,982,000 after acquiring an additional 600 shares in the last quarter. KBC Group NV grew its position in Equity Lifestyle Properties by 3.2% in the first quarter. KBC Group NV now owns 145,262 shares of the real estate investment trust's stock valued at $9,689,000 after acquiring an additional 4,450 shares in the last quarter. Board of the Pension Protection Fund grew its position in Equity Lifestyle Properties by 2,100.0% in the first quarter. Board of the Pension Protection Fund now owns 11,000 shares of the real estate investment trust's stock valued at $734,000 after acquiring an additional 10,500 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in Equity Lifestyle Properties by 2.3% in the first quarter. Robeco Institutional Asset Management B.V. now owns 182,152 shares of the real estate investment trust's stock valued at $12,150,000 after acquiring an additional 4,034 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company's stock.

Equity Lifestyle Properties Stock Performance

ELS traded up $0.48 during trading hours on Friday, hitting $62.12. 870,522 shares of the stock were exchanged, compared to its average volume of 1,320,719. The stock has a 50-day simple moving average of $63.30 and a 200-day simple moving average of $65.21. Equity Lifestyle Properties, Inc. has a 12 month low of $58.86 and a 12 month high of $76.60. The stock has a market cap of $11.88 billion, a price-to-earnings ratio of 32.19, a price-to-earnings-growth ratio of 3.35 and a beta of 0.72. 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 (NYSE:ELS - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.83. Equity Lifestyle Properties had a return on equity of 21.99% and a net margin of 23.99%. The firm had revenue of $327.21 million for the quarter, compared to analysts' expectations of $391.34 million. During the same period last year, the business posted $0.59 earnings per share. Analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Announces Dividend

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 paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Friday, June 27th. Equity Lifestyle Properties's dividend payout ratio (DPR) is presently 106.74%.

Analysts Set New Price Targets

Several research firms have recently commented on ELS. Jefferies Financial Group began coverage on Equity Lifestyle Properties in a research note on Tuesday, April 8th. They set a "buy" rating and a $80.00 target price for the company. Truist Financial reduced their target price on 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. Barclays began coverage on Equity Lifestyle Properties in a research note on Thursday, May 29th. They set an "equal weight" rating and a $70.00 target price for the company. Finally, BMO Capital Markets reduced their target price on 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. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Equity Lifestyle Properties presently has an average rating of "Moderate Buy" and a consensus price target of $73.90.

Insider Transactions at Equity Lifestyle Properties

In related news, CFO Paul Seavey sold 10,000 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was 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 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 document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is owned by company insiders.

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.