Teacher Retirement System of Texas Has $2.16 Million Holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS)

Teacher Retirement System of Texas raised its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 93.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,432 shares of the real estate investment trust's stock after buying an additional 15,632 shares during the quarter. Teacher Retirement System of Texas' holdings in Equity Lifestyle Properties were worth $2,163,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. lifted its stake in 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 buying an additional 210 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Equity Lifestyle Properties by 78.7% in the first 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 in the last quarter. Signaturefd LLC lifted its position in shares of Equity Lifestyle Properties by 32.9% in the fourth quarter. Signaturefd LLC now owns 1,854 shares of the real estate investment trust's stock worth $123,000 after purchasing an additional 459 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Equity Lifestyle Properties by 351.6% in the first 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 in the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Equity Lifestyle Properties by 137.5% in the first 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 in the last quarter. Institutional investors own 97.21% of the company's stock.

Analyst Ratings Changes

ELS has been the topic of a number of recent analyst reports. Jefferies Financial Group began coverage on shares of Equity Lifestyle Properties in a report on Tuesday, April 8th. They set a "buy" rating and a $80.00 target price on the stock. Truist Financial decreased their price target 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. Barclays initiated coverage on shares of Equity Lifestyle Properties in a research note on Thursday, May 29th. They issued an "equal weight" rating and a $70.00 price target on the stock. Finally, BMO Capital Markets decreased their price target on shares of Equity Lifestyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Equity Lifestyle Properties has a consensus 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 that occurred 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 completion of the transaction, the chief financial officer owned 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Equity Lifestyle Properties Price Performance

Shares of ELS stock traded down $0.33 on Friday, reaching $61.49. The company had a trading volume of 1,137,782 shares, compared to its average volume of 1,327,558. The stock has a market capitalization of $11.76 billion, a PE ratio of 31.86, a price-to-earnings-growth ratio of 3.33 and a beta of 0.72. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.14. Equity Lifestyle Properties, Inc. has a one year low of $58.86 and a one year high of $76.60. The business's 50-day moving average is $63.02 and its 200 day moving average is $65.05.

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 EPS for the quarter, hitting analysts' consensus estimates of $0.83. The firm had revenue of $327.21 million during the quarter, compared to analysts' expectations of $391.34 million. Equity Lifestyle Properties had a net margin of 23.99% and a return on equity of 21.99%. During the same quarter in the prior year, the business earned $0.59 earnings per share. Equities research analysts forecast that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were issued a $0.515 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $2.06 dividend on an annualized basis and a yield of 3.35%. Equity Lifestyle Properties's dividend payout ratio (DPR) is presently 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.