GSA Capital Partners LLP Makes New Investment in Equity Lifestyle Properties, Inc. $ELS

GSA Capital Partners LLP purchased a new stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,753 shares of the real estate investment trust’s stock, valued at approximately $1,402,000.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Equity Lifestyle Properties by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 25,477,480 shares of the real estate investment trust’s stock valued at $1,544,190,000 after acquiring an additional 592,013 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Equity Lifestyle Properties by 303.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,948,613 shares of the real estate investment trust’s stock worth $966,648,000 after purchasing an additional 11,999,874 shares during the last quarter. Cohen & Steers Inc. increased its position in shares of Equity Lifestyle Properties by 26.8% during the fourth quarter. Cohen & Steers Inc. now owns 10,614,040 shares of the real estate investment trust’s stock worth $643,331,000 after purchasing an additional 2,246,622 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Equity Lifestyle Properties by 1.0% during the first quarter. Principal Financial Group Inc. now owns 6,435,365 shares of the real estate investment trust’s stock worth $401,698,000 after purchasing an additional 66,772 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Equity Lifestyle Properties by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 4,712,562 shares of the real estate investment trust’s stock worth $285,048,000 after purchasing an additional 100,364 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors.

Equity Lifestyle Properties Trading Up 0.0%

Shares of Equity Lifestyle Properties stock opened at $65.62 on Monday. The firm’s 50 day simple moving average is $64.55 and its two-hundred day simple moving average is $64.55. The firm has a market capitalization of $12.73 billion, a price-to-earnings ratio of 31.55, a PEG ratio of 3.82 and a beta of 0.64. Equity Lifestyle Properties, Inc. has a 12-month low of $58.72 and a 12-month high of $69.00. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.31.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $0.50 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.22). The company had revenue of $397.81 million for the quarter, compared to analyst estimates of $383.66 million. Equity Lifestyle Properties had a return on equity of 22.31% and a net margin of 25.92%.The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 earnings per share. Analysts predict that Equity Lifestyle Properties, Inc. will post 3.2 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be given a dividend of $0.5425 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $2.17 dividend on an annualized basis and a yield of 3.3%. Equity Lifestyle Properties’s payout ratio is currently 104.33%.

Analysts Set New Price Targets

ELS has been the subject of a number of recent analyst reports. Odeon Capital Group set a $65.00 price objective on Equity Lifestyle Properties in a research report on Thursday, July 9th. Weiss Ratings lowered Equity Lifestyle Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 30th. Jefferies Financial Group upgraded Equity Lifestyle Properties to a “strong-buy” rating in a research note on Wednesday, July 22nd. Truist Financial set a $67.00 price target on Equity Lifestyle Properties and gave the stock a “hold” rating in a report on Tuesday, May 5th. Finally, Morgan Stanley restated a “mixed” rating and set a $59.00 price target (down from $62.50) on shares of Equity Lifestyle Properties in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $68.45.

Equity Lifestyle Properties 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.