Quantbot Technologies LP Takes Position in Equity Lifestyle Properties, Inc. $ELS

Quantbot Technologies LP purchased a new stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 46,618 shares of the real estate investment trust’s stock, valued at approximately $3,005,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Empowered Funds LLC increased its position in Equity Lifestyle Properties by 3.5% during the fourth quarter. Empowered Funds LLC now owns 5,055 shares of the real estate investment trust’s stock valued at $306,000 after acquiring an additional 169 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Equity Lifestyle Properties by 30.3% in the first quarter. Bessemer Group Inc. now owns 735 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 171 shares during the period. Northwestern Mutual Investment Management Company LLC raised its stake in shares of Equity Lifestyle Properties by 0.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 43,367 shares of the real estate investment trust’s stock valued at $2,628,000 after acquiring an additional 172 shares during the period. Private Advisor Group LLC lifted its holdings in shares of Equity Lifestyle Properties by 3.7% in the 3rd quarter. Private Advisor Group LLC now owns 4,948 shares of the real estate investment trust’s stock worth $300,000 after acquiring an additional 178 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Equity Lifestyle Properties by 3.5% in the 1st quarter. Fifth Third Bancorp now owns 5,561 shares of the real estate investment trust’s stock worth $347,000 after acquiring an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on ELS shares. Truist Financial set a $67.00 price target on shares of Equity Lifestyle Properties and gave the company a “hold” rating in a report on Tuesday, May 5th. Odeon Capital Group set a $65.00 price objective on shares of Equity Lifestyle Properties in a research note on Thursday, July 9th. Barclays set a $69.00 target price on Equity Lifestyle Properties and gave the company an “equal weight” rating in a research report on Monday, August 17th. Weiss Ratings raised Equity Lifestyle Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 14th. Finally, Wells Fargo & Company cut their target price on Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $68.52.

Equity Lifestyle Properties Stock Up 0.0%

NYSE:ELS opened at $65.48 on Monday. The company has a market cap of $12.71 billion, a price-to-earnings ratio of 31.48, a price-to-earnings-growth ratio of 3.81 and a beta of 0.64. Equity Lifestyle Properties, Inc. has a twelve month low of $58.72 and a twelve month high of $69.00. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.31. The stock has a fifty day simple moving average of $64.71 and a 200-day simple moving average of $64.64.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.22). The company had revenue of $397.81 million for the quarter, compared to the consensus estimate of $383.66 million. Equity Lifestyle Properties had a net margin of 25.92% and a return on equity of 22.31%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.69 EPS. Analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.2 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be paid a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, September 25th. Equity Lifestyle Properties’s payout ratio is currently 104.33%.

Equity Lifestyle Properties Company Profile

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.