XTX Topco Ltd Acquires 5,781 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

XTX Topco Ltd raised its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 31.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,021 shares of the real estate investment trust’s stock after purchasing an additional 5,781 shares during the period. XTX Topco Ltd’s holdings in Equity LifeStyle Properties were worth $1,564,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ELS. Mather Group LLC. bought a new position in Equity LifeStyle Properties during the 1st quarter valued at approximately $25,000. Rise Advisors LLC bought a new position in shares of Equity LifeStyle Properties during the first quarter valued at $27,000. V Square Quantitative Management LLC purchased a new position in shares of Equity LifeStyle Properties in the 2nd quarter worth about $30,000. Blue Trust Inc. boosted its stake in Equity LifeStyle Properties by 167.1% in the 2nd quarter. Blue Trust Inc. now owns 625 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 391 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in 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 last quarter. Institutional investors own 97.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Wells Fargo & Company raised shares of Equity LifeStyle Properties from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $70.50 to $82.00 in a report on Thursday. Truist Financial boosted their price objective 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. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $68.00 price objective on shares of Equity LifeStyle Properties in a research report on Wednesday, July 24th. Finally, Evercore ISI lifted their target price on Equity LifeStyle Properties from $73.00 to $76.00 and gave the stock an “in-line” rating in a report on Monday. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $70.67.

Equity LifeStyle Properties Trading Up 0.1 %

Shares of ELS stock opened at $73.54 on Friday. The stock has a market capitalization of $13.71 billion, a P/E ratio of 40.19, a P/E/G ratio of 4.32 and a beta of 0.79. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average is $70.84 and its 200 day moving average is $66.02. 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 issued its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.42 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.23). Equity LifeStyle Properties had a return on equity of 23.71% and a net margin of 23.56%. The firm had revenue of $380.00 million during the quarter, compared to the consensus estimate of $334.53 million. During the same period in the previous year, the firm earned $0.66 EPS. The business’s revenue was up 2.7% on a year-over-year basis. 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 announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.4775 per share. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. This represents a $1.91 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Friday, September 27th. Equity LifeStyle Properties’s dividend payout ratio is currently 104.37%.

Insider Transactions at Equity LifeStyle Properties

In other news, COO Patrick Waite sold 20,820 shares of the company’s 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 completion of the sale, the chief operating officer now directly owns 221,777 shares in the company, valued at approximately $15,575,398.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Patrick Waite sold 20,820 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer now directly owns 221,777 shares in the company, valued at approximately $15,575,398.71. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Paul Seavey sold 31,988 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $74.83, for a total transaction of $2,393,662.04. Following the completion of the sale, the chief financial officer now directly owns 148,463 shares of the company’s stock, valued at $11,109,486.29. The disclosure for this sale can be found here. Insiders have sold 85,808 shares of company stock worth $6,348,011 in the last 90 days. 1.40% of the stock is currently owned by insiders.

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.