Virginia Retirement Systems ET AL reduced its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 10.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 185,300 shares of the real estate investment trust’s stock after selling 21,900 shares during the period. Virginia Retirement Systems ET AL owned 0.21% of Equity Lifestyle Properties worth $22,484,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Destination Wealth Management acquired a new stake in Equity Lifestyle Properties in the 2nd quarter worth approximately $26,000. First Interstate Bank acquired a new stake in Equity Lifestyle Properties in the 1st quarter worth approximately $33,000. Penserra Capital Management LLC acquired a new stake in Equity Lifestyle Properties in the 1st quarter worth approximately $58,000. Marshall Wace North America L.P. acquired a new stake in Equity Lifestyle Properties in the 1st quarter worth approximately $69,000. Finally, FNY Investment Advisers LLC acquired a new stake in Equity Lifestyle Properties in the 2nd quarter worth approximately $75,000. Institutional investors and hedge funds own 94.42% of the company’s stock.
NYSE ELS traded up $1.47 on Tuesday, hitting $126.21. 14,957 shares of the company’s stock traded hands, compared to its average volume of 487,043. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.15. Equity Lifestyle Properties, Inc. has a 1-year low of $90.90 and a 1-year high of $128.43. The stock’s 50-day moving average price is $124.03. The firm has a market cap of $11.52 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 4.22 and a beta of 0.26.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.613 per share. This represents a $2.45 annualized dividend and a yield of 1.94%. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.61. The ex-dividend date is Thursday, September 26th. Equity Lifestyle Properties’s payout ratio is presently 63.31%.
A number of analysts recently commented on ELS shares. Zacks Investment Research upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Wednesday, July 24th. BMO Capital Markets reiterated a “hold” rating and issued a $120.00 target price on shares of Equity Lifestyle Properties in a research note on Wednesday, April 24th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $112.25.
In other Equity Lifestyle Properties news, EVP Roger Maynard sold 10,000 shares of Equity Lifestyle Properties stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $125.00, for a total transaction of $1,250,000.00. Following the completion of the sale, the executive vice president now directly owns 130,645 shares in the company, valued at approximately $16,330,625. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Paul Seavey sold 7,000 shares of Equity Lifestyle Properties stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $124.80, for a total transaction of $873,600.00. Following the sale, the chief financial officer now owns 71,571 shares of the company’s stock, valued at $8,932,060.80. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.
Equity Lifestyle Properties Company Profile
We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.
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