Quantinno Capital Management LP Purchases 36,790 Shares of Equity Lifestyle Properties, Inc. $ELS

Quantinno Capital Management LP lifted its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 3.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,100,566 shares of the real estate investment trust’s stock after purchasing an additional 36,790 shares during the quarter. Quantinno Capital Management LP’s holdings in Equity Lifestyle Properties were worth $68,697,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ELS. Wiser Advisor Group LLC acquired a new stake in Equity Lifestyle Properties during the third quarter worth $25,000. Caitong International Asset Management Co. Ltd increased its holdings in Equity Lifestyle Properties by 943.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 453 shares during the period. Clearstead Trust LLC raised its stake in shares of Equity Lifestyle Properties by 74.8% in the 4th quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 231 shares in the last quarter. Fulcrum Asset Management LLP acquired a new position in shares of Equity Lifestyle Properties in the 3rd quarter valued at $34,000. Finally, V Square Quantitative Management LLC bought a new position in shares of Equity Lifestyle Properties during the 4th quarter worth about $37,000. 97.21% of the stock is owned by institutional investors.

Equity Lifestyle Properties Stock Up 1.5%

Shares of NYSE:ELS opened at $66.05 on Wednesday. The company’s fifty day moving average is $63.82 and its 200-day moving average is $64.30. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.04 and a current ratio of 0.02. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $69.00. The company has a market capitalization of $12.81 billion, a PE ratio of 31.75, a P/E/G ratio of 3.96 and a beta of 0.66.

Equity Lifestyle Properties (NYSE:ELS) last announced its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.22). Equity Lifestyle Properties had a return on equity of 22.31% and a net margin of 25.92%.The firm had revenue of $397.81 million for the quarter, compared to analyst estimates of $383.66 million. During the same quarter last year, the business earned $0.69 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts predict that Equity Lifestyle Properties, Inc. will post 3.18 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Wednesday, April 15th. Wells Fargo & Company decreased their price objective on Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. Wall Street Zen upgraded Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Barclays reissued an “equal weight” rating and issued a $68.00 target price on shares of Equity Lifestyle Properties in a report on Tuesday, July 14th. Finally, Truist Financial set a $67.00 target price on Equity Lifestyle Properties and gave the stock a “hold” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $68.70.

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.