Worldquant Millennium Advisors LLC Buys 37,960 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Worldquant Millennium Advisors LLC boosted its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 104.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,323 shares of the real estate investment trust's stock after acquiring an additional 37,960 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in Equity LifeStyle Properties were worth $4,950,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Principal Financial Group Inc. increased its stake in shares of Equity LifeStyle Properties by 172.0% in the fourth quarter. Principal Financial Group Inc. now owns 6,070,817 shares of the real estate investment trust's stock valued at $404,319,000 after buying an additional 3,838,809 shares in the last quarter. Invesco Ltd. increased its stake in shares of Equity LifeStyle Properties by 592.7% in the fourth quarter. Invesco Ltd. now owns 3,918,241 shares of the real estate investment trust's stock valued at $260,955,000 after buying an additional 3,352,584 shares in the last quarter. Norges Bank acquired a new stake in shares of Equity LifeStyle Properties in the fourth quarter valued at $163,212,000. Northern Trust Corp increased its stake in shares of Equity LifeStyle Properties by 43.3% in the fourth quarter. Northern Trust Corp now owns 2,434,858 shares of the real estate investment trust's stock valued at $162,162,000 after buying an additional 735,580 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Equity LifeStyle Properties by 221.2% in the fourth quarter. Millennium Management LLC now owns 975,391 shares of the real estate investment trust's stock valued at $64,961,000 after buying an additional 671,703 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ELS. Jefferies Financial Group began coverage on Equity LifeStyle Properties in a research note on Tuesday, April 8th. They issued a "buy" rating and a $80.00 target price for the company. Truist Financial lowered their target price on Equity LifeStyle Properties from $72.00 to $71.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Royal Bank of Canada lowered their target price on Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating for the company in a research note on Wednesday, January 29th. Robert W. Baird raised their target price on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Finally, BMO Capital Markets lowered their target price on Equity LifeStyle Properties from $78.00 to $77.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Equity LifeStyle Properties has a consensus rating of "Moderate Buy" and a consensus target price of $74.33.

Insider Transactions at Equity LifeStyle Properties

In other news, CFO Paul Seavey sold 10,000 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $64.72, for a total transaction of $647,200.00. Following the completion of the transaction, 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 is available through this hyperlink. Corporate insiders own 1.40% of the company's stock.

Equity LifeStyle Properties Trading Up 0.2%

ELS stock traded up $0.14 during midday trading on Friday, reaching $63.53. The stock had a trading volume of 809,465 shares, compared to its average volume of 1,303,163. The business has a fifty day simple moving average of $64.86 and a two-hundred day simple moving average of $66.81. 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 firm has a market cap 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 twelve month low of $58.86 and a twelve month high of $76.60.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly earnings data 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 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 last year, the company earned $0.59 earnings per share. As a group, research analysts expect that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Announces Dividend

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