GSA Capital Partners LLP Buys New Holdings in Equity Lifestyle Properties, Inc. $ELS

GSA Capital Partners LLP purchased a new position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) in the second quarter, Holdings Channel reports. The fund purchased 21,753 shares of the real estate investment trust’s stock, valued at approximately $1,402,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wiser Advisor Group LLC purchased a new stake in shares of Equity Lifestyle Properties in the 3rd quarter valued at $25,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Equity Lifestyle Properties by 943.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 453 shares during the last quarter. Clearstead Trust LLC raised its holdings in shares of Equity Lifestyle Properties by 74.8% during the fourth quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 231 shares during the last quarter. Fulcrum Asset Management LLP acquired a new position in Equity Lifestyle Properties during the third quarter valued at $34,000. Finally, EverSource Wealth Advisors LLC lifted its position in Equity Lifestyle Properties by 67.3% during the first quarter. EverSource Wealth Advisors LLC now owns 726 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 292 shares during the period. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Equity Lifestyle Properties Stock Performance

ELS opened at $65.62 on Monday. The firm has a fifty day moving average price of $64.55 and a 200 day moving average price of $64.55. Equity Lifestyle Properties, Inc. has a 1 year low of $58.72 and a 1 year high of $69.00. The stock has a market cap of $12.73 billion, a P/E ratio of 31.55, a P/E/G ratio of 3.82 and a beta of 0.64. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.02 and a quick ratio of 0.02.

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

Equity Lifestyle Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be paid a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, September 25th. Equity Lifestyle Properties’s dividend payout ratio is presently 104.33%.

Analyst Upgrades and Downgrades

ELS has been the topic of several recent research reports. Jefferies Financial Group raised shares of Equity Lifestyle Properties to a “strong-buy” rating in a report on Wednesday, July 22nd. Wells Fargo & Company reduced their price objective 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. Weiss Ratings cut Equity Lifestyle Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 30th. Morgan Stanley restated a “mixed” rating and issued a $59.00 target price (down from $62.50) on shares of Equity Lifestyle Properties in a research note on Wednesday. Finally, Barclays reaffirmed an “equal weight” rating and set a $68.00 target price on shares of Equity Lifestyle Properties in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $68.45.

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.