Board of the Pension Protection Fund Purchases 10,500 Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS)

Board of the Pension Protection Fund raised its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 2,100.0% in the first quarter, HoldingsChannel reports. The fund owned 11,000 shares of the real estate investment trust’s stock after purchasing an additional 10,500 shares during the quarter. Board of the Pension Protection Fund’s holdings in Equity Lifestyle Properties were worth $734,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ELS. National Pension Service acquired a new stake in Equity Lifestyle Properties in the 4th quarter valued at $25,000. Bessemer Group Inc. grew its holdings in shares of Equity Lifestyle Properties by 121.4% during the fourth quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 210 shares during the last quarter. SRS Capital Advisors Inc. bought a new stake in shares of Equity Lifestyle Properties during the fourth quarter worth about $73,000. Farther Finance Advisors LLC raised its holdings in shares of 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 worth $96,000 after acquiring an additional 635 shares during the last quarter. Finally, Signaturefd LLC lifted its position in Equity Lifestyle Properties by 32.9% in the 4th quarter. Signaturefd LLC now owns 1,854 shares of the real estate investment trust’s stock valued at $123,000 after acquiring an additional 459 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Insider Buying and Selling at Equity Lifestyle Properties

In related news, CFO Paul Seavey sold 10,000 shares of Equity Lifestyle Properties stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 78,162 shares in the company, valued at approximately $5,058,644.64. The trade was a 11.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

Equity Lifestyle Properties Trading Up 0.4%

NYSE:ELS opened at $62.63 on Friday. Equity Lifestyle Properties, Inc. has a 12 month low of $58.86 and a 12 month high of $76.60. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.14. The firm’s 50 day moving average is $63.54 and its 200 day moving average is $65.50. The stock has a market capitalization of $11.97 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 3.18 and a beta of 0.73.

Equity Lifestyle Properties (NYSE:ELS) last issued its earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.83. Equity Lifestyle Properties had a return on equity of 21.99% and a net margin of 23.99%. The firm had revenue of $327.21 million for the quarter, compared to analyst estimates of $391.34 million. During the same period in the previous year, the company posted $0.59 earnings per share. Sell-side analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Friday, June 27th. Equity Lifestyle Properties’s dividend payout ratio is currently 106.74%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Barclays assumed coverage on Equity Lifestyle Properties in a report on Thursday, May 29th. They set an “equal weight” rating and a $70.00 price objective for the company. Truist Financial dropped their price objective on Equity Lifestyle Properties from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. BMO Capital Markets cut their price objective on shares of Equity Lifestyle Properties from $78.00 to $77.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. Finally, Jefferies Financial Group assumed coverage on shares of Equity Lifestyle Properties in a report on Tuesday, April 8th. They issued a “buy” rating and a $80.00 target price for the company. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Equity Lifestyle Properties has an average rating of “Moderate Buy” and a consensus price target of $73.90.

Equity Lifestyle Properties 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.