Dupont Capital Management Corp Has $9.67 Million Holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS)

Dupont Capital Management Corp raised its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 33.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 145,004 shares of the real estate investment trust’s stock after purchasing an additional 36,655 shares during the quarter. Dupont Capital Management Corp’s holdings in Equity Lifestyle Properties were worth $9,672,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ELS. Beese Fulmer Investment Management Inc. raised its stake in shares of Equity Lifestyle Properties by 2.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 7,995 shares of the real estate investment trust’s stock worth $533,000 after acquiring an additional 200 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Equity Lifestyle Properties by 121.4% in the fourth quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 210 shares during the last quarter. Carmel Capital Partners LLC raised its stake in shares of Equity Lifestyle Properties by 3.6% in the fourth quarter. Carmel Capital Partners LLC now owns 6,533 shares of the real estate investment trust’s stock worth $435,000 after acquiring an additional 230 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of Equity Lifestyle Properties by 1.0% in the fourth quarter. Corient Private Wealth LLC now owns 22,861 shares of the real estate investment trust’s stock worth $1,523,000 after acquiring an additional 230 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of Equity Lifestyle Properties by 7.7% in the fourth quarter. Quadrant Capital Group LLC now owns 3,256 shares of the real estate investment trust’s stock worth $217,000 after acquiring an additional 232 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ELS shares. Barclays started 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 target price for the company. Truist Financial dropped their target price on shares of 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. Jefferies Financial Group started coverage on shares of 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. Finally, BMO Capital Markets dropped their target price on shares of 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. 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 has a consensus rating of “Moderate Buy” and a consensus price target of $73.90.

Equity Lifestyle Properties Stock Performance

Shares of ELS opened at $62.80 on Friday. Equity Lifestyle Properties, Inc. has a 12 month low of $58.86 and a 12 month high of $76.60. The firm has a fifty day simple moving average of $63.71 and a 200 day simple moving average of $65.69. The stock has a market capitalization of $12.01 billion, a price-to-earnings ratio of 32.54, a PEG ratio of 3.21 and a beta of 0.73. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.14.

Equity Lifestyle Properties (NYSE:ELS) last announced its earnings results on Monday, April 21st. The real estate investment trust reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. Equity Lifestyle Properties had a net margin of 23.99% and a return on equity of 21.99%. The business had revenue of $327.21 million during the quarter, compared to analysts’ expectations of $391.34 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. Research analysts forecast 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 will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.28%. The ex-dividend date is Friday, June 27th. Equity Lifestyle Properties’s payout ratio is 106.74%.

Insider Buying and Selling at Equity Lifestyle Properties

In other Equity Lifestyle Properties 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 in the company, valued at $5,058,644.64. This trade represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.40% of the company’s stock.

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.