VIRGINIA RETIREMENT SYSTEMS ET Al Invests $15.19 Million in Equity Lifestyle Properties, Inc. $ELS

Key Points

• VIRGINIA RETIREMENT SYSTEMS ET Al invested $15.19 million in Equity Lifestyle Properties, Inc. (NYSE:ELS), acquiring 246,366 shares during the 2nd quarter.
• The company declared a quarterly dividend of $0.515 per share, yielding 3.3%, with a payout ratio of 106.74%.
• Equity Lifestyle Properties has a current market cap of $12.09 billion and recently reported quarterly earnings meeting the consensus estimate at $0.69 EPS.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 246,366 shares of the real estate investment trust's stock, valued at approximately $15,193,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.13% of Equity Lifestyle Properties as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Farther Finance Advisors LLC increased its stake in shares of Equity Lifestyle Properties by 12.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,620 shares of the real estate investment trust's stock worth $100,000 after purchasing an additional 178 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Equity Lifestyle Properties by 10.8% during the 2nd quarter. GAMMA Investing LLC now owns 2,069 shares of the real estate investment trust's stock worth $128,000 after purchasing an additional 201 shares during the last quarter. Xponance Inc. increased its stake in shares of Equity Lifestyle Properties by 0.7% during the 1st quarter. Xponance Inc. now owns 31,133 shares of the real estate investment trust's stock worth $2,077,000 after purchasing an additional 203 shares during the last quarter. GF Fund Management CO. LTD. increased its stake in shares of Equity Lifestyle Properties by 6.8% during the 1st quarter. GF Fund Management CO. LTD. now owns 3,438 shares of the real estate investment trust's stock worth $229,000 after purchasing an additional 218 shares during the last quarter. Finally, Moran Wealth Management LLC grew its stake in Equity Lifestyle Properties by 1.2% in the 2nd quarter. Moran Wealth Management LLC now owns 17,995 shares of the real estate investment trust's stock valued at $1,110,000 after buying an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company's stock.

Equity Lifestyle Properties Stock Up 0.3%

Shares of NYSE:ELS opened at $62.37 on Monday. The firm has a fifty day moving average price of $60.86 and a two-hundred day moving average price of $62.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.04 and a quick ratio of 0.04. Equity Lifestyle Properties, Inc. has a one year low of $58.15 and a one year high of $73.67. The company has a market cap of $12.09 billion, a price-to-earnings ratio of 32.32, a PEG ratio of 3.37 and a beta of 0.71.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.69 EPS for the quarter, meeting the consensus estimate of $0.69. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. The firm had revenue of $313.29 million during the quarter, compared to the consensus estimate of $377.59 million. During the same period last year, the firm earned $0.66 EPS. The business's quarterly revenue was down .8% compared to the same quarter last year. Analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Friday, September 26th. Equity Lifestyle Properties's dividend payout ratio (DPR) is presently 106.74%.

Wall Street Analysts Forecast Growth

ELS has been the subject of a number of recent research reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Equity Lifestyle Properties in a research note on Wednesday, October 8th. Truist Financial set a $68.00 price objective on shares of Equity Lifestyle Properties and gave the company a "buy" rating in a research note on Wednesday, July 30th. Morgan Stanley reduced their price objective on shares of Equity Lifestyle Properties from $67.50 to $62.50 and set an "equal weight" rating for the company in a research note on Thursday, September 4th. Wall Street Zen lowered shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, Wells Fargo & Company reduced their price objective on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.05.

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.

Want to see what other hedge funds are holding ELS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.