Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC increased its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,487 shares of the real estate investment trust's stock after purchasing an additional 6,372 shares during the quarter. Tidal Investments LLC owned approximately 0.06% of Equity LifeStyle Properties worth $7,891,000 as of its most recent filing with the Securities and Exchange Commission.

A number of 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 about $25,000. Bessemer Group Inc. increased its position 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 purchasing an additional 210 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in Equity LifeStyle Properties during the 4th quarter worth about $30,000. MassMutual Private Wealth & Trust FSB increased its position 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 purchasing an additional 171 shares in the last quarter. Finally, UMB Bank n.a. increased its position 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 purchasing 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

In other Equity LifeStyle Properties news, CFO Paul Seavey sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $64.72, for a total value of $647,200.00. Following the transaction, the chief financial officer now directly owns 78,162 shares of the company's stock, valued at $5,058,644.64. This represents a 11.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on ELS. BMO Capital Markets dropped their price objective on 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. Jefferies Financial Group initiated coverage on Equity LifeStyle Properties in a report on Tuesday, April 8th. They issued a "buy" rating and a $80.00 price target for the company. Truist Financial lowered their price target on Equity LifeStyle Properties from $72.00 to $71.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Royal Bank of Canada lowered their price target on 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. Finally, Robert W. Baird lifted their price target on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Three equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $74.33.

Equity LifeStyle Properties Trading Up 0.2%

Shares of NYSE ELS traded up $0.14 during midday trading on Friday, hitting $63.53. The stock had a trading volume of 809,465 shares, compared to its average volume of 1,303,163. The company has a market capitalization of $12.15 billion, a price-to-earnings ratio of 32.58, a PEG 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. The company has a quick ratio of 0.03, a current ratio of 0.02 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average price of $64.86 and a 200 day moving average price of $66.81.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share for the quarter, meeting the consensus estimate of $0.83. The business had revenue of $327.21 million for the quarter, compared to analyst estimates of $391.34 million. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. During the same period in the previous year, the company posted $0.59 EPS. On average, analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity LifeStyle Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.24%. The ex-dividend date is Friday, June 27th. Equity LifeStyle Properties's dividend payout ratio (DPR) is presently 106.74%.

About Equity LifeStyle Properties

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.