XTX Topco Ltd Increases Stock Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

XTX Topco Ltd grew its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 31.7% in the second quarter, HoldingsChannel reports. The firm owned 24,021 shares of the real estate investment trust’s stock after buying an additional 5,781 shares during the quarter. XTX Topco Ltd’s holdings in Equity LifeStyle Properties were worth $1,564,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Cim LLC purchased a new position in Equity LifeStyle Properties during the 4th quarter valued at approximately $2,586,000. Centersquare Investment Management LLC grew its holdings in shares of Equity LifeStyle Properties by 22.9% in the first quarter. Centersquare Investment Management LLC now owns 123,030 shares of the real estate investment trust’s stock valued at $7,417,000 after purchasing an additional 22,900 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Equity LifeStyle Properties by 36.0% in the second quarter. GAMMA Investing LLC now owns 819 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 217 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in Equity LifeStyle Properties by 3.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 340,836 shares of the real estate investment trust’s stock worth $21,952,000 after purchasing an additional 12,444 shares during the last quarter. Finally, UBS Group AG raised its stake in Equity LifeStyle Properties by 1,029.9% during the fourth quarter. UBS Group AG now owns 243,770 shares of the real estate investment trust’s stock valued at $17,196,000 after purchasing an additional 222,196 shares in the last quarter. 97.21% of the stock is owned by institutional investors.

Equity LifeStyle Properties Trading Up 0.1 %

Shares of NYSE ELS opened at $73.54 on Friday. Equity LifeStyle Properties, Inc. has a twelve month low of $59.82 and a twelve month high of $76.60. The firm has a market cap of $13.71 billion, a PE ratio of 40.19, a price-to-earnings-growth ratio of 4.32 and a beta of 0.79. The business has a fifty day simple moving average of $70.84 and a two-hundred day simple moving average of $66.02. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.34.

Equity LifeStyle Properties (NYSE:ELS) last released its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.23). Equity LifeStyle Properties had a net margin of 23.56% and a return on equity of 23.71%. The firm had revenue of $380.00 million during the quarter, compared to the consensus estimate of $334.53 million. During the same quarter in the previous year, the firm earned $0.66 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. Analysts expect that Equity LifeStyle Properties, Inc. will post 2.91 earnings per share for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be given a $0.4775 dividend. This represents a $1.91 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Friday, September 27th. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. Equity LifeStyle Properties’s dividend payout ratio is presently 104.37%.

Analyst Ratings Changes

A number of brokerages recently issued reports on ELS. Royal Bank of Canada restated a “sector perform” rating and issued a $68.00 price target on shares of Equity LifeStyle Properties in a research report on Wednesday, July 24th. Wells Fargo & Company upgraded Equity LifeStyle Properties from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $70.50 to $82.00 in a report on Thursday. Evercore ISI boosted their price objective on Equity LifeStyle Properties from $73.00 to $76.00 and gave the company an “in-line” rating in a report on Monday. Finally, Truist Financial upped their price objective on Equity LifeStyle Properties from $65.00 to $70.00 and gave the company a “hold” rating in a research report on Tuesday, July 30th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $70.67.

Insider Transactions at Equity LifeStyle Properties

In related news, CEO Marguerite M. Nader sold 33,000 shares of Equity LifeStyle Properties stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $75.52, for a total transaction of $2,492,160.00. Following the transaction, the chief executive officer now directly owns 260,936 shares of the company’s stock, valued at $19,705,886.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Marguerite M. Nader sold 33,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $75.52, for a total transaction of $2,492,160.00. Following the completion of the sale, the chief executive officer now directly owns 260,936 shares in the company, valued at approximately $19,705,886.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Patrick Waite sold 20,820 shares of Equity LifeStyle Properties stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $70.23, for a total value of $1,462,188.60. Following the completion of the transaction, the chief operating officer now owns 221,777 shares in the company, valued at approximately $15,575,398.71. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,808 shares of company stock valued at $6,348,011. Company insiders own 1.40% of the company’s stock.

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.