Elo Mutual Pension Insurance Co Has $1.12 Million Stake in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Elo Mutual Pension Insurance Co grew its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 6.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,172 shares of the real estate investment trust’s stock after purchasing an additional 993 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Equity LifeStyle Properties were worth $1,118,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Equity LifeStyle Properties by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 25,069,389 shares of the real estate investment trust’s stock valued at $1,614,469,000 after purchasing an additional 240,853 shares during the period. Victory Capital Management Inc. grew its stake in shares of Equity LifeStyle Properties by 7.8% in the 2nd quarter. Victory Capital Management Inc. now owns 4,609,806 shares of the real estate investment trust’s stock valued at $300,237,000 after buying an additional 331,945 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Equity LifeStyle Properties by 5.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,218,638 shares of the real estate investment trust’s stock valued at $209,630,000 after buying an additional 153,715 shares in the last quarter. Boston Partners grew its stake in shares of Equity LifeStyle Properties by 4.2% in the 1st quarter. Boston Partners now owns 2,842,566 shares of the real estate investment trust’s stock valued at $183,035,000 after buying an additional 113,891 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Equity LifeStyle Properties by 7.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,706,099 shares of the real estate investment trust’s stock valued at $176,250,000 after buying an additional 178,258 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity LifeStyle Properties Stock Down 2.4 %

Shares of Equity LifeStyle Properties stock opened at $71.81 on Friday. Equity LifeStyle Properties, Inc. has a 12-month low of $59.82 and a 12-month high of $76.60. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $13.39 billion, a P/E ratio of 39.24, a PEG ratio of 4.32 and a beta of 0.79. The stock has a 50 day moving average price of $70.95 and a two-hundred day moving average price of $66.05.

Equity LifeStyle Properties (NYSE:ELS) last announced its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.23). The company had revenue of $380.00 million during the quarter, compared to analyst estimates 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 was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.66 EPS. Equities analysts expect that Equity LifeStyle Properties, Inc. will post 2.91 earnings per share for the current year.

Equity LifeStyle Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders 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. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.91 annualized dividend and a dividend yield of 2.66%. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 104.37%.

Insider Transactions at Equity LifeStyle Properties

In other news, COO Patrick Waite sold 20,820 shares of the firm’s stock in a transaction on 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 sale, the chief operating officer now owns 221,777 shares in the company, valued at $15,575,398.71. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, COO Patrick Waite sold 20,820 shares of the firm’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 transaction, the chief operating officer now directly owns 221,777 shares of the company’s stock, valued at $15,575,398.71. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Marguerite M. Nader sold 33,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $75.52, for a total value of $2,492,160.00. Following the completion of the transaction, the chief executive officer now directly owns 260,936 shares of the company’s stock, valued at $19,705,886.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 85,808 shares of company stock worth $6,348,011. Insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

ELS has been the subject of several recent research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $68.00 price target on shares of Equity LifeStyle Properties in a research note on Wednesday, July 24th. Truist Financial boosted their price target on Equity LifeStyle Properties from $65.00 to $70.00 and gave the company a “hold” rating in a research note on Tuesday, July 30th. Evercore ISI boosted their price target on Equity LifeStyle Properties from $73.00 to $76.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company raised Equity LifeStyle Properties from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $70.50 to $82.00 in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $70.67.

Equity LifeStyle Properties Company 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.