Two Sigma Investments LP Invests $1.92 Million in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Two Sigma Investments LP purchased a new position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 28,800 shares of the real estate investment trust's stock, valued at approximately $1,918,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Tidal Investments LLC raised its stake in Equity LifeStyle Properties by 5.7% during the 4th quarter. Tidal Investments LLC now owns 118,487 shares of the real estate investment trust's stock worth $7,891,000 after acquiring an additional 6,372 shares in the last quarter. Strategic Global Advisors LLC acquired a new stake in Equity LifeStyle Properties during the 4th quarter worth $1,335,000. Toronto Dominion Bank raised its stake in Equity LifeStyle Properties by 6.8% during the 4th quarter. Toronto Dominion Bank now owns 23,802 shares of the real estate investment trust's stock worth $1,585,000 after acquiring an additional 1,506 shares in the last quarter. Royal Bank of Canada raised its stake in Equity LifeStyle Properties by 4.2% during the 4th quarter. Royal Bank of Canada now owns 542,857 shares of the real estate investment trust's stock worth $36,154,000 after acquiring an additional 21,731 shares in the last quarter. Finally, Quantinno Capital Management LP raised its stake in Equity LifeStyle Properties by 0.7% during the 4th quarter. Quantinno Capital Management LP now owns 718,911 shares of the real estate investment trust's stock worth $47,879,000 after acquiring an additional 4,940 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Equity LifeStyle Properties

In other news, CFO Paul Seavey sold 10,000 shares of the stock in a transaction 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 sale, the chief financial officer now owns 78,162 shares of the company's stock, valued at $5,058,644.64. This represents a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.40% of the company's stock.

Equity LifeStyle Properties Stock Performance

Shares of NYSE:ELS traded up $0.48 during midday trading on Wednesday, hitting $63.34. The stock had a trading volume of 1,103,347 shares, compared to its average volume of 1,319,925. The company has a market capitalization of $12.11 billion, a PE ratio of 32.48, a P/E/G ratio of 3.02 and a beta of 0.76. The stock has a 50 day moving average price of $64.27 and a two-hundred day moving average price of $66.41. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15. Equity LifeStyle Properties, Inc. has a 1 year low of $58.86 and a 1 year high of $76.60.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued its earnings results 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 the consensus estimate 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 quarter in the previous year, the firm earned $0.59 earnings per share. As a group, equities analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity LifeStyle Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Friday, June 27th. Equity LifeStyle Properties's dividend payout ratio (DPR) is presently 106.74%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ELS shares. BMO Capital Markets cut 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. Jefferies Financial Group initiated coverage on shares of Equity LifeStyle Properties in a research note on Tuesday, April 8th. They issued a "buy" rating and a $80.00 price objective on the stock. Truist Financial dropped their price objective 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. Finally, 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 objective on the stock. Four equities research 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. Based on data from MarketBeat, Equity LifeStyle Properties currently has a consensus rating of "Moderate Buy" and an average target price of $73.90.

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.