Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 23.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,763 shares of the real estate investment trust’s stock after buying an additional 333 shares during the period. GAMMA Investing LLC’s holdings in Equity LifeStyle Properties were worth $117,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. UMB Bank n.a. raised its position in shares of Equity LifeStyle Properties by 356.4% in the 3rd quarter. UMB Bank n.a. now owns 534 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 417 shares in the last quarter. V Square Quantitative Management LLC increased its stake in shares of Equity LifeStyle Properties by 31.3% in the third quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 146 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Equity LifeStyle Properties in the second quarter valued at $54,000. Wilmington Savings Fund Society FSB bought a new position in Equity LifeStyle Properties during the 3rd quarter valued at $72,000. Finally, Harbor Capital Advisors Inc. bought a new position in Equity LifeStyle Properties during the 3rd quarter valued at $75,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ELS shares. Robert W. Baird lifted their price target on Equity LifeStyle Properties from $71.00 to $72.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. UBS Group upgraded Equity LifeStyle Properties to a “strong-buy” rating in a research report on Thursday, October 10th. Evercore ISI raised their price objective on Equity LifeStyle Properties from $76.00 to $77.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. Compass Point boosted their target price on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Truist Financial increased their target price on shares of Equity LifeStyle Properties from $70.00 to $71.00 and gave the stock a “hold” rating in a report on Tuesday, November 12th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Equity LifeStyle Properties has an average rating of “Moderate Buy” and an average price target of $73.30.

Equity LifeStyle Properties Stock Performance

ELS opened at $65.76 on Friday. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average price is $69.17 and its two-hundred day moving average price is $69.39. The firm has a market capitalization of $12.56 billion, a P/E ratio of 33.90, a price-to-earnings-growth ratio of 3.61 and a beta of 0.79. Equity LifeStyle Properties, Inc. has a 12-month low of $59.82 and a 12-month high of $76.60.

Equity LifeStyle Properties (NYSE:ELS) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.28). The company had revenue of $387.30 million for the quarter, compared to analyst estimates of $315.78 million. Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 EPS. On average, equities analysts forecast that Equity LifeStyle Properties, Inc. will post 2.92 earnings per share for the current year.

Equity LifeStyle Properties Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be paid a $0.477 dividend. This represents a $1.91 annualized dividend and a yield of 2.90%. The ex-dividend date is Friday, December 27th. Equity LifeStyle Properties’s dividend payout ratio is 98.45%.

About Equity LifeStyle Properties

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.