Dupont Capital Management Corp Has $10.45 Million Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Dupont Capital Management Corp boosted its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 14.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 146,426 shares of the real estate investment trust’s stock after purchasing an additional 18,879 shares during the quarter. Dupont Capital Management Corp owned 0.08% of Equity LifeStyle Properties worth $10,446,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Wellington Management Group LLP lifted its position in Equity LifeStyle Properties by 0.3% during the 4th quarter. Wellington Management Group LLP now owns 59,874 shares of the real estate investment trust’s stock valued at $4,224,000 after purchasing an additional 155 shares during the period. Mather Group LLC. acquired a new position in Equity LifeStyle Properties during the first quarter valued at approximately $25,000. Vert Asset Management LLC grew its stake in shares of Equity LifeStyle Properties by 8.1% in the first quarter. Vert Asset Management LLC now owns 72,490 shares of the real estate investment trust’s stock valued at $4,668,000 after buying an additional 5,450 shares in the last quarter. Oak Thistle LLC bought a new stake in shares of Equity LifeStyle Properties in the 1st quarter valued at about $422,000. Finally, State of Michigan Retirement System lifted its position in shares of Equity LifeStyle Properties by 2.5% in the first quarter. State of Michigan Retirement System now owns 45,800 shares of the real estate investment trust’s stock valued at $2,950,000 after buying an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Insiders Place Their Bets

In other Equity LifeStyle Properties news, COO Patrick Waite sold 20,820 shares of Equity LifeStyle Properties stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $70.23, for a total transaction of $1,462,188.60. Following the transaction, the chief operating officer now owns 221,777 shares of the company’s stock, valued at $15,575,398.71. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related 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 transaction 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 approximately $15,575,398.71. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Marguerite M. Nader sold 33,000 shares of Equity LifeStyle Properties stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 260,936 shares in the company, valued at approximately $19,705,886.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 85,808 shares of company stock valued at $6,348,011. Insiders own 1.40% of the company’s stock.

Equity LifeStyle Properties Trading Up 1.0 %

NYSE ELS opened at $68.70 on Wednesday. The stock has a 50 day simple moving average of $71.19 and a two-hundred day simple moving average of $66.78. Equity LifeStyle Properties, Inc. has a fifty-two week low of $59.82 and a fifty-two week high of $76.60. The stock has a market cap of $12.81 billion, a P/E ratio of 37.54, a price-to-earnings-growth ratio of 3.60 and a beta of 0.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.03 and a current ratio of 0.03.

Equity LifeStyle Properties (NYSE:ELS) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.28). The business had revenue of $387.30 million during the quarter, compared to analysts’ expectations of $315.78 million. Equity LifeStyle Properties had a return on equity of 23.71% and a net margin of 23.56%. Equity LifeStyle Properties’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 EPS. On average, analysts forecast that Equity LifeStyle Properties, Inc. will post 2.92 earnings per share for the current year.

Equity LifeStyle Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a $0.4775 dividend. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date was Friday, September 27th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is 104.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. UBS Group upgraded Equity LifeStyle Properties to a “strong-buy” rating in a report on Thursday, October 10th. Evercore ISI increased their price target on shares of Equity LifeStyle Properties from $76.00 to $77.00 and gave the stock an “in-line” rating in a research report on Monday. Robert W. Baird boosted their target price on Equity LifeStyle Properties from $71.00 to $72.00 and gave the stock an “outperform” rating in a research note on Tuesday. Wells Fargo & Company upgraded shares of Equity LifeStyle Properties from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $70.50 to $82.00 in a report on Thursday, September 19th. Finally, Truist Financial boosted their target price on shares of Equity LifeStyle Properties from $65.00 to $70.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Seven investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $71.60.

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.