UniSuper Management Pty Ltd Raises Stock Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

UniSuper Management Pty Ltd boosted its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 2.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 53,500 shares of the real estate investment trust’s stock after purchasing an additional 1,500 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Equity LifeStyle Properties were worth $3,445,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Mather Group LLC. bought a new position in shares of Equity LifeStyle Properties during the 1st quarter valued at about $25,000. Rise Advisors LLC bought a new position in shares of Equity LifeStyle Properties during the 1st quarter valued at about $27,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Equity LifeStyle Properties during the 4th quarter valued at about $35,000. Headlands Technologies LLC boosted its holdings in shares of Equity LifeStyle Properties by 143.8% during the 4th quarter. Headlands Technologies LLC now owns 624 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 368 shares during the last quarter. Finally, GAMMA Investing LLC bought a new position in shares of Equity LifeStyle Properties during the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Trading Down 2.1 %

Shares of NYSE:ELS traded down $1.42 during trading on Tuesday, reaching $66.31. The company’s stock had a trading volume of 2,191,237 shares, compared to its average volume of 1,234,460. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.33. Equity LifeStyle Properties, Inc. has a 12 month low of $59.82 and a 12 month high of $74.04. The firm’s 50 day simple moving average is $64.06 and its two-hundred day simple moving average is $64.84. The stock has a market capitalization of $12.37 billion, a PE ratio of 36.23, a price-to-earnings-growth ratio of 4.00 and a beta of 0.77.

Equity LifeStyle Properties (NYSE:ELS) last announced its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.23). Equity LifeStyle Properties had a net margin of 22.69% and a return on equity of 22.71%. The business 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 business posted $0.66 EPS. The firm’s revenue was up 2.7% on a year-over-year basis. On average, research analysts predict that Equity LifeStyle Properties, Inc. will post 2.9 EPS for the current fiscal year.

Equity LifeStyle Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were given a $0.477 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date was Friday, June 28th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is currently 104.37%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Truist Financial dropped their price objective on shares of Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating for the company in a report on Thursday, May 2nd. Barclays dropped their price objective on shares of Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating for the company in a report on Friday, April 26th. Finally, Evercore ISI increased their price objective on shares of Equity LifeStyle Properties from $69.00 to $72.00 and gave the company an “in-line” rating in a report on Tuesday. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Equity LifeStyle Properties has an average rating of “Hold” and a consensus target price of $68.61.

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.