Choreo LLC Acquires New Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Choreo LLC bought a new stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,989 shares of the real estate investment trust’s stock, valued at approximately $257,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ELS. Cim LLC acquired a new stake in shares of Equity LifeStyle Properties in the 4th quarter worth approximately $2,586,000. Centersquare Investment Management LLC boosted its stake in Equity LifeStyle Properties by 22.9% during the 1st 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 increased its position in shares of Equity LifeStyle Properties by 36.0% during the 2nd 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 during the period. CANADA LIFE ASSURANCE Co increased its position in shares of Equity LifeStyle Properties by 3.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 340,836 shares of the real estate investment trust’s stock valued at $21,952,000 after purchasing an additional 12,444 shares during the period. Finally, UBS Group AG raised its stake in shares of Equity LifeStyle Properties by 1,029.9% in the 4th quarter. UBS Group AG now owns 243,770 shares of the real estate investment trust’s stock worth $17,196,000 after buying an additional 222,196 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Insiders Place Their Bets

In other Equity LifeStyle Properties news, COO Patrick Waite sold 20,820 shares of Equity LifeStyle Properties stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $70.23, for a total transaction of $1,462,188.60. Following the transaction, the chief operating officer now owns 221,777 shares of the company’s stock, valued at approximately $15,575,398.71. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Marguerite M. Nader sold 33,000 shares of the business’s stock in a transaction 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 in the company, valued at approximately $19,705,886.72. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Patrick Waite sold 20,820 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $70.23, for a total value of $1,462,188.60. Following the sale, the chief operating officer now owns 221,777 shares of the company’s stock, valued at $15,575,398.71. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

Equity LifeStyle Properties Stock Performance

Shares of ELS opened at $73.49 on Thursday. The company has a 50-day moving average of $70.70 and a two-hundred day moving average of $65.97. The stock has a market cap of $13.71 billion, a price-to-earnings ratio of 40.16, a PEG ratio of 4.32 and a beta of 0.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.03 and a quick ratio of 0.03. Equity LifeStyle Properties, Inc. has a one year low of $59.82 and a one year high of $76.60.

Equity LifeStyle Properties (NYSE:ELS) last posted 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). The firm had revenue of $380.00 million for the quarter, compared to analysts’ expectations of $334.53 million. Equity LifeStyle Properties had a return on equity of 23.71% and a net margin of 23.56%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 earnings per share. On average, equities research analysts expect that Equity LifeStyle Properties, Inc. will post 2.91 earnings per share for the current year.

Equity LifeStyle Properties Increases Dividend

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $68.00 target price on shares of Equity LifeStyle Properties in a research note on Wednesday, July 24th. Evercore ISI lifted their price objective on shares of Equity LifeStyle Properties from $73.00 to $76.00 and gave the stock an “in-line” rating in a research note on Monday. Finally, Truist Financial boosted their target price on shares of Equity LifeStyle Properties from $65.00 to $70.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $69.25.

Equity LifeStyle Properties Profile

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.