Y Intercept Hong Kong Ltd Takes Position in Equity Lifestyle Properties, Inc. (NYSE:ELS)

Y Intercept Hong Kong Ltd purchased a new stake in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 28,164 shares of the real estate investment trust's stock, valued at approximately $1,879,000.

Several other large investors have also added to or reduced their stakes in ELS. Bessemer Group Inc. lifted its position in Equity Lifestyle Properties by 121.4% in the 4th quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust's stock valued at $25,000 after acquiring an additional 210 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Equity Lifestyle Properties by 78.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust's stock valued at $96,000 after acquiring an additional 635 shares in the last quarter. Blue Trust Inc. lifted its position in Equity Lifestyle Properties by 351.6% in the 1st quarter. Blue Trust Inc. now owns 1,865 shares of the real estate investment trust's stock valued at $124,000 after acquiring an additional 1,452 shares in the last quarter. UMB Bank n.a. lifted its position in Equity Lifestyle Properties by 137.5% in the 1st quarter. UMB Bank n.a. now owns 2,133 shares of the real estate investment trust's stock valued at $142,000 after acquiring an additional 1,235 shares in the last quarter. Finally, Greenleaf Trust bought a new position in Equity Lifestyle Properties in the 1st quarter valued at about $200,000. Institutional investors own 97.21% of the company's stock.

Equity Lifestyle Properties Stock Performance

Shares of NYSE:ELS traded down $0.35 during mid-day trading on Friday, reaching $59.56. The company had a trading volume of 1,382,290 shares, compared to its average volume of 1,557,172. The company has a current ratio of 0.04, a quick ratio of 0.03 and a debt-to-equity ratio of 0.24. The firm has a market cap of $11.39 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 3.23 and a beta of 0.72. The company's 50-day moving average price is $62.50 and its 200-day moving average price is $64.68. 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 posted its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.69 EPS for the quarter, hitting analysts' consensus estimates of $0.69. The company had revenue of $313.29 million for the quarter, compared to analysts' expectations of $377.59 million. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. Equity Lifestyle Properties's revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 EPS. As a group, equities research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were issued a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $2.06 dividend on an annualized basis and a yield of 3.46%. Equity Lifestyle Properties's payout ratio is 106.74%.

Insider Transactions at Equity Lifestyle Properties

In other Equity Lifestyle Properties news, CFO Paul Seavey sold 10,000 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total transaction of $647,200.00. Following the sale, the chief financial officer owned 78,162 shares of the company's stock, valued at $5,058,644.64. The trade was a 11.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Equity Lifestyle Properties in a research report on Tuesday, July 15th. They issued a "positive" rating and a $67.50 price target on the stock. BMO Capital Markets cut their target price on 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. Compass Point raised Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 target price for the company in a report on Tuesday. Wells Fargo & Company reduced their target price on Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday. Finally, Truist Financial reduced their target price 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. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $72.05.

Equity Lifestyle Properties Company 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.