Equity Lifestyle Properties, Inc. $ELS Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC reduced its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 89.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,903 shares of the real estate investment trust’s stock after selling 93,820 shares during the period. Squarepoint Ops LLC’s holdings in Equity Lifestyle Properties were worth $672,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP increased its position in shares of Equity Lifestyle Properties by 204.1% during the second quarter. Allworth Financial LP now owns 660 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 443 shares in the last quarter. IFP Advisors Inc boosted its stake in Equity Lifestyle Properties by 874.7% during the 2nd quarter. IFP Advisors Inc now owns 848 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 761 shares during the last quarter. SVB Wealth LLC acquired a new stake in Equity Lifestyle Properties during the 1st quarter worth $61,000. Farther Finance Advisors LLC grew its holdings in shares of Equity Lifestyle Properties by 12.3% during the second quarter. Farther Finance Advisors LLC now owns 1,620 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 178 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Equity Lifestyle Properties by 10.8% in the second quarter. GAMMA Investing LLC now owns 2,069 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ELS shares. Royal Bank Of Canada upgraded shares of Equity Lifestyle Properties from an “underperform” rating to an “outperform” rating and boosted their price target for the stock from $66.00 to $70.00 in a research report on Monday, December 8th. Evercore ISI lowered their target price on Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating on the stock in a report on Thursday, October 23rd. Wells Fargo & Company cut their price target on Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Morgan Stanley lowered their price objective on Equity Lifestyle Properties from $67.50 to $62.50 and set an “equal weight” rating on the stock in a research note on Thursday, September 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Equity Lifestyle Properties in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.50.

Equity Lifestyle Properties Stock Up 0.1%

ELS stock opened at $61.37 on Wednesday. Equity Lifestyle Properties, Inc. has a one year low of $58.15 and a one year high of $70.35. The firm has a market cap of $11.89 billion, a PE ratio of 30.84, a PEG ratio of 3.41 and a beta of 0.78. The firm’s 50 day moving average price is $61.84 and its 200-day moving average price is $61.43. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.05 and a current ratio of 0.05.

Equity Lifestyle Properties (NYSE:ELS) last posted its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.75. Equity Lifestyle Properties had a return on equity of 20.99% and a net margin of 24.97%.The company had revenue of $393.31 million during the quarter, compared to analysts’ expectations of $389.39 million. During the same quarter last year, the firm earned $0.72 earnings per share. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 26th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, December 26th. Equity Lifestyle Properties’s payout ratio is 103.52%.

Equity Lifestyle Properties Company Profile

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.