CTC Alternative Strategies Ltd. Makes New $346,000 Investment in Equity LifeStyle Properties, Inc. (NYSE:ELS)

CTC Alternative Strategies Ltd. acquired a new position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,200 shares of the real estate investment trust’s stock, valued at approximately $346,000. Equity LifeStyle Properties comprises 0.4% of CTC Alternative Strategies Ltd.’s investment portfolio, making the stock its 24th biggest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of ELS. JPMorgan Chase & Co. increased its holdings in Equity LifeStyle Properties by 3.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,761,879 shares of the real estate investment trust’s stock worth $339,713,000 after purchasing an additional 147,332 shares during the last quarter. Park Avenue Securities LLC bought a new stake in shares of Equity LifeStyle Properties in the 4th quarter valued at approximately $237,000. UMB Bank n.a. increased its holdings in shares of Equity LifeStyle Properties by 68.2% in the 4th quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 364 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Equity LifeStyle Properties by 43.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 171 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Equity LifeStyle Properties by 5.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 12,584 shares of the real estate investment trust’s stock valued at $838,000 after acquiring an additional 681 shares during the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Equity LifeStyle Properties Price Performance

Shares of ELS opened at $63.53 on Friday. The company has a market cap of $12.15 billion, a P/E ratio of 32.58, a PEG ratio of 3.02 and a beta of 0.76. The stock has a fifty day moving average price of $64.86 and a 200 day moving average price of $66.82. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03. Equity LifeStyle Properties, Inc. has a 12 month low of $58.86 and a 12 month high of $76.60.

Equity LifeStyle Properties (NYSE:ELS) last announced its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.83. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. The company had revenue of $327.21 million during the quarter, compared to analyst estimates of $391.34 million. During the same quarter in the previous year, the firm posted $0.59 EPS. On average, research analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity LifeStyle Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be given a dividend of $0.515 per share. The ex-dividend date is Friday, June 27th. This represents a $2.06 dividend on an annualized basis and a yield of 3.24%. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 106.74%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ELS shares. BMO Capital Markets lowered their price target on Equity LifeStyle Properties from $78.00 to $77.00 and set an “outperform” rating for the company in a report on Tuesday, April 22nd. Evercore ISI lowered their price target on Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating for the company in a report on Tuesday, January 28th. Jefferies Financial Group started coverage on Equity LifeStyle Properties in a report on Tuesday, April 8th. They issued a “buy” rating and a $80.00 price target for the company. Robert W. Baird boosted their price target on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Finally, Truist Financial lowered their price objective on Equity LifeStyle Properties from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $74.33.

Insiders Place Their Bets

In other Equity LifeStyle Properties news, CFO Paul Seavey sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $64.72, for a total transaction of $647,200.00. Following the completion of the transaction, the chief financial officer now owns 78,162 shares in the company, valued at approximately $5,058,644.64. The trade was a 11.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is currently owned by insiders.

About Equity LifeStyle Properties

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.