Tidal Investments LLC Grows Position in Equity Lifestyle Properties, Inc. $ELS

Tidal Investments LLC increased its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 10.6% in the second quarter, Holdings Channel reports. The firm owned 185,999 shares of the real estate investment trust’s stock after buying an additional 17,878 shares during the period. Tidal Investments LLC’s holdings in Equity Lifestyle Properties were worth $11,988,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Empowered Funds LLC increased its position in shares of Equity Lifestyle Properties by 14.1% during the first quarter. Empowered Funds LLC now owns 6,516 shares of the real estate investment trust’s stock valued at $435,000 after acquiring an additional 804 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Equity Lifestyle Properties by 598.5% in the 1st quarter. Jane Street Group LLC now owns 119,397 shares of the real estate investment trust’s stock worth $7,964,000 after acquiring an additional 102,303 shares during the last quarter. Intech Investment Management LLC boosted its position in shares of Equity Lifestyle Properties by 62.3% during the 1st quarter. Intech Investment Management LLC now owns 23,114 shares of the real estate investment trust’s stock worth $1,542,000 after purchasing an additional 8,873 shares during the period. Cetera Investment Advisers boosted its position in shares of Equity Lifestyle Properties by 111.0% during the 2nd quarter. Cetera Investment Advisers now owns 10,122 shares of the real estate investment trust’s stock worth $624,000 after purchasing an additional 5,325 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new stake in Equity Lifestyle Properties in the 2nd quarter valued at approximately $300,000. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Stock Down 0.3%

Equity Lifestyle Properties stock opened at $60.10 on Friday. Equity Lifestyle Properties, Inc. has a twelve month low of $58.72 and a twelve month high of $69.00. The stock’s fifty day simple moving average is $64.44 and its 200-day simple moving average is $64.27. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $11.66 billion, a P/E ratio of 28.90, a P/E/G ratio of 3.51 and a beta of 0.64.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.22). The company had revenue of $397.81 million during the quarter, compared to analyst estimates of $383.66 million. Equity Lifestyle Properties had a net margin of 25.92% and a return on equity of 22.31%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 earnings per share. As a group, equities analysts expect that Equity Lifestyle Properties, Inc. will post 3.2 earnings per share for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be paid a dividend of $0.5425 per share. The ex-dividend date is Friday, September 25th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.6%. Equity Lifestyle Properties’s payout ratio is presently 104.33%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Jefferies Financial Group raised Equity Lifestyle Properties to a “strong-buy” rating in a research report on Wednesday, July 22nd. 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. Odeon Capital Group set a $65.00 target price on Equity Lifestyle Properties in a research note on Thursday, July 9th. Wells Fargo & Company lowered their target price 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. Finally, Truist Financial set a $64.00 price target on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.30.

About Equity Lifestyle Properties

Equity LifeStyle Properties, Inc (NYSE:ELS) is a real estate investment trust that owns, operates and manages residential communities and resort properties across the United States. Its portfolio primarily consists of manufactured home communities, recreational vehicle (RV) resorts and campgrounds.

The company provides long-term homesites for manufactured housing residents, as well as seasonal and transient accommodations for RV owners and vacationers. Its properties generally offer amenities and services such as clubhouses, swimming pools, recreational facilities, community events and utility connections.