Worldquant Millennium Advisors LLC Grows Stock Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

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

A number of other hedge funds have also bought and sold shares of ELS. National Pension Service bought a new position in shares of Equity LifeStyle Properties in the fourth 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 valued at $25,000 after purchasing an additional 210 shares during the period. Geneos Wealth Management Inc. purchased a new position in Equity LifeStyle Properties during the 4th quarter valued at 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 valued at $38,000 after purchasing an additional 171 shares during the period. 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 valued at $60,000 after purchasing an additional 364 shares during the period. Institutional investors own 97.21% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Royal Bank of Canada cut their target price on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating on the stock in a research report on Wednesday, January 29th. Truist Financial cut their target price on shares of Equity LifeStyle Properties from $72.00 to $71.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Robert W. Baird raised their target price on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Jefferies Financial Group initiated coverage on shares of Equity LifeStyle Properties in a report on Tuesday, April 8th. They issued a "buy" rating and a $80.00 price target on the stock. Finally, Evercore ISI lowered their price target on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating on the stock 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $74.33.

Equity LifeStyle Properties Stock Up 1.4%

Shares of NYSE:ELS traded up $0.91 during trading on Tuesday, reaching $64.43. The stock had a trading volume of 170,065 shares, compared to its average volume of 1,474,817. The firm's 50-day simple moving average is $64.76 and its 200 day simple moving average is $66.73. The company has a market capitalization of $12.32 billion, a P/E ratio of 33.05, a PEG ratio of 3.02 and a beta of 0.76. 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 one year low of $58.86 and a one year high of $76.60.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last released its earnings results on Monday, April 21st. The real estate investment trust reported $0.83 EPS for the quarter, hitting analysts' consensus estimates of $0.83. The company had revenue of $327.21 million during the quarter, compared to analysts' expectations 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 last year, the business earned $0.59 EPS. 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. Investors of record on Friday, June 27th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Friday, June 27th. Equity LifeStyle Properties's dividend payout ratio (DPR) is presently 106.74%.

Insider Buying and Selling

In related news, CFO Paul Seavey sold 10,000 shares of Equity LifeStyle Properties stock in a transaction that occurred 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 directly owns 78,162 shares in the company, valued at $5,058,644.64. This trade represents a 11.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is owned by company insiders.

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.