Tidal Investments LLC Raises Stock Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Tidal Investments LLC increased its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 5.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,487 shares of the real estate investment trust's stock after buying an additional 6,372 shares during the period. Tidal Investments LLC owned about 0.06% of Equity LifeStyle Properties worth $7,891,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ELS. National Pension Service purchased a new stake in Equity LifeStyle Properties during the 4th quarter worth $25,000. Bessemer Group Inc. increased its stake in Equity LifeStyle Properties by 121.4% during the 4th quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust's stock worth $25,000 after buying an additional 210 shares during the period. Geneos Wealth Management Inc. purchased a new stake in Equity LifeStyle Properties during the 4th quarter worth $30,000. MassMutual Private Wealth & Trust FSB increased its stake in Equity LifeStyle Properties by 43.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust's stock worth $38,000 after buying an additional 171 shares during the period. Finally, UMB Bank n.a. grew its holdings in Equity LifeStyle Properties by 68.2% during the 4th quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust's stock worth $60,000 after acquiring an additional 364 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company's stock.

Insider Buying and Selling at Equity LifeStyle Properties

In other Equity LifeStyle Properties news, CFO Paul Seavey sold 10,000 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total transaction of $647,200.00. Following the sale, the chief financial officer now directly owns 78,162 shares in the company, valued at approximately $5,058,644.64. The trade was a 11.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ELS shares. Royal Bank of Canada decreased their price objective on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating for the company in a report on Wednesday, January 29th. Evercore ISI decreased their price objective on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating for the company in a report on Tuesday, January 28th. Robert W. Baird raised their price objective on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and raised their price objective for the stock from $66.00 to $73.00 in a report on Tuesday, January 21st. Finally, BMO Capital Markets decreased 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 report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Equity LifeStyle Properties presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.33.

Equity LifeStyle Properties Trading Up 0.8%

NYSE ELS opened at $65.37 on Tuesday. 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 has a 50-day simple moving average of $65.13 and a 200-day simple moving average of $66.94. The firm has a market capitalization of $12.50 billion, a PE ratio of 33.52, a price-to-earnings-growth ratio of 3.02 and a beta of 0.76. Equity LifeStyle Properties, Inc. has a one year low of $58.86 and a one year high of $76.60.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.83. The firm had revenue of $327.21 million during the quarter, compared to analyst estimates of $391.34 million. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. During the same period in the previous year, the business posted $0.59 EPS. On average, equities analysts forecast 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 announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend is Friday, June 27th. Equity LifeStyle Properties's payout ratio is 106.74%.

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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