Public Employees Retirement System of Ohio Acquires Shares of 281,901 Equity Lifestyle Properties, Inc. $ELS

Public Employees Retirement System of Ohio acquired a new stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 281,901 shares of the real estate investment trust’s stock, valued at approximately $18,169,000. Public Employees Retirement System of Ohio owned 0.15% of Equity Lifestyle Properties as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Wiser Advisor Group LLC bought a new stake in shares of Equity Lifestyle Properties in the third quarter valued at about $25,000. Caitong International Asset Management Co. Ltd boosted its stake in Equity Lifestyle Properties by 943.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 453 shares in the last quarter. Clearstead Trust LLC boosted its stake in Equity Lifestyle Properties by 74.8% in the fourth quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 231 shares in the last quarter. Fulcrum Asset Management LLP purchased a new position in Equity Lifestyle Properties in the third quarter worth $34,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in Equity Lifestyle Properties in the second quarter worth $37,000. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Price Performance

Shares of NYSE:ELS opened at $63.63 on Friday. 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, Inc. has a twelve month low of $58.72 and a twelve month high of $69.00. The company’s 50 day moving average is $64.86 and its 200 day moving average is $64.62. The company has a market cap of $12.35 billion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 3.71 and a beta of 0.64.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.22). The business had revenue of $397.81 million during 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 firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 EPS. On average, sell-side analysts forecast that Equity Lifestyle Properties, Inc. will post 3.2 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be given a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, September 25th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 104.33%.

Wall Street Analyst Weigh In

ELS has been the subject of several analyst reports. Barclays set a $69.00 price objective on Equity Lifestyle Properties and gave the company an “equal weight” rating in a report on Monday, August 17th. Truist Financial set a $67.00 target price on Equity Lifestyle Properties and gave the company a “hold” rating in a research report on Tuesday, May 5th. Wells Fargo & Company lowered their price target on Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Odeon Capital Group set a $65.00 price target on Equity Lifestyle Properties in a research note on Thursday, July 9th. Finally, Jefferies Financial Group raised shares of Equity Lifestyle Properties to a “strong-buy” rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $68.52.

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.