Tidal Investments LLC Boosts Holdings in Equity Lifestyle Properties, Inc. $ELS

Tidal Investments LLC grew its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 10.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 185,999 shares of the real estate investment trust’s stock after purchasing an additional 17,878 shares during the quarter. Tidal Investments LLC owned approximately 0.10% of Equity Lifestyle Properties worth $11,988,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wiser Advisor Group LLC acquired a new stake in Equity Lifestyle Properties in the 3rd quarter worth about $25,000. Parkside Financial Bank & Trust raised its holdings in shares of Equity Lifestyle Properties by 126.8% during the second quarter. Parkside Financial Bank & Trust now owns 415 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 232 shares during the last quarter. 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 valued at $30,000 after acquiring an additional 453 shares during the last quarter. Clearstead Trust LLC lifted its position in shares of Equity Lifestyle Properties by 74.8% in the fourth quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 231 shares in the last quarter. Finally, Fulcrum Asset Management LLP purchased a new position in shares of Equity Lifestyle Properties in the third quarter valued at approximately $34,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on ELS. Odeon Capital Group set a $65.00 price target on Equity Lifestyle Properties in a research report on Thursday, July 9th. Wells Fargo & Company lowered their target price on shares of Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Monday, June 1st. Barclays set a $69.00 target price on shares of Equity Lifestyle Properties and gave the stock an “equal weight” rating in a report on Monday, August 17th. Morgan Stanley reiterated a “mixed” rating and issued a $59.00 target price (down from $62.50) on shares of Equity Lifestyle Properties in a research report on Wednesday, August 12th. 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 research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $68.30.

Equity Lifestyle Properties Stock Performance

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

Equity Lifestyle Properties (NYSE:ELS) last posted 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 return on equity of 22.31% and a net margin of 25.92%.The company had revenue of $397.81 million for the quarter, compared to analysts’ expectations of $383.66 million. During the same quarter in the prior year, the firm earned $0.69 EPS. The firm’s revenue was up 5.5% on a year-over-year basis. On average, research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.2 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

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

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.