Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 24,585 Shares of Equity Lifestyle Properties, Inc. $ELS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 22.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 135,927 shares of the real estate investment trust’s stock after acquiring an additional 24,585 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Equity Lifestyle Properties were worth $8,485,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Equity Lifestyle Properties by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 25,477,480 shares of the real estate investment trust’s stock worth $1,544,190,000 after buying an additional 592,013 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Equity Lifestyle Properties by 303.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,948,613 shares of the real estate investment trust’s stock valued at $966,648,000 after acquiring an additional 11,999,874 shares in the last quarter. Cohen & Steers Inc. boosted its stake in Equity Lifestyle Properties by 26.8% during the fourth quarter. Cohen & Steers Inc. now owns 10,614,040 shares of the real estate investment trust’s stock worth $643,331,000 after acquiring an additional 2,246,622 shares in the last quarter. Geode Capital Management LLC boosted its stake in Equity Lifestyle Properties by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 4,712,562 shares of the real estate investment trust’s stock worth $285,048,000 after acquiring an additional 100,364 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in Equity Lifestyle Properties by 16.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,656,490 shares of the real estate investment trust’s stock worth $221,619,000 after purchasing an additional 509,442 shares during the period. 97.21% of the stock is currently owned by institutional investors.

Equity Lifestyle Properties Price Performance

Shares of ELS opened at $65.00 on Tuesday. The business’s fifty day moving average is $63.25 and its 200 day moving average is $63.93. Equity Lifestyle Properties, Inc. has a 12-month low of $58.15 and a 12-month high of $69.00. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.29. The stock has a market cap of $12.61 billion, a P/E ratio of 32.50, a P/E/G ratio of 3.86 and a beta of 0.66.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.28). Equity Lifestyle Properties had a net margin of 24.99% and a return on equity of 21.22%. The business had revenue of $397.62 million for the quarter, compared to the consensus estimate of $395.71 million. During the same quarter last year, the firm posted $0.57 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Sell-side analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.18 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were issued a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Friday, June 26th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 108.50%.

Analyst Ratings Changes

Several research firms have weighed in on ELS. Weiss Ratings raised shares of Equity Lifestyle Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 2nd. Truist Financial set a $67.00 price objective on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a research report on Tuesday, May 5th. Wells Fargo & Company reduced their target price on Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating for the company in a research note on Monday, June 1st. Odeon Capital Group set a $65.00 target price on Equity Lifestyle Properties in a research report on Thursday. Finally, Barclays decreased their target price on Equity Lifestyle Properties from $71.00 to $68.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Equity Lifestyle Properties currently has an average rating of “Moderate Buy” and a consensus price target of $68.92.

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.