Squarepoint Ops LLC Lowers Stake in Equity Lifestyle Properties, Inc. $ELS

Squarepoint Ops LLC lessened its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 89.6% in the 2nd quarter, Holdings Channel reports. The firm owned 10,903 shares of the real estate investment trust’s stock after selling 93,820 shares during the period. Squarepoint Ops LLC’s holdings in Equity Lifestyle Properties were worth $672,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its position in shares of Equity Lifestyle Properties by 204.1% during the second quarter. Allworth Financial LP now owns 660 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 443 shares during the period. IFP Advisors Inc boosted its holdings in Equity Lifestyle Properties by 874.7% during the 2nd quarter. IFP Advisors Inc now owns 848 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 761 shares during the period. SVB Wealth LLC acquired a new position in Equity Lifestyle Properties in the 1st quarter valued at about $61,000. Farther Finance Advisors LLC increased its stake in Equity Lifestyle Properties by 12.3% during the second quarter. Farther Finance Advisors LLC now owns 1,620 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 178 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Equity Lifestyle Properties by 10.8% during the second quarter. GAMMA Investing LLC now owns 2,069 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 201 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Price Performance

Shares of ELS opened at $61.37 on Wednesday. The firm has a market capitalization of $11.89 billion, a price-to-earnings ratio of 30.84, a PEG ratio of 3.41 and a beta of 0.78. The firm’s fifty day simple moving average is $61.84 and its 200-day simple moving average is $61.43. Equity Lifestyle Properties, Inc. has a twelve month low of $58.15 and a twelve month high of $70.35. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.27.

Equity Lifestyle Properties (NYSE:ELS) last posted its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. Equity Lifestyle Properties had a return on equity of 20.99% and a net margin of 24.97%.The firm had revenue of $393.31 million for the quarter, compared to analyst estimates of $389.39 million. During the same quarter in the prior year, the company posted $0.72 earnings per share. Equity Lifestyle Properties’s revenue for the quarter was up 1.5% compared to the same quarter last year. Equities analysts forecast that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 26th will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, December 26th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 103.52%.

Analyst Upgrades and Downgrades

ELS has been the subject of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Equity Lifestyle Properties in a report on Wednesday, October 8th. Royal Bank Of Canada upgraded shares of Equity Lifestyle Properties from an “underperform” rating to an “outperform” rating and boosted their price target for the stock from $66.00 to $70.00 in a research note on Monday, December 8th. Evercore ISI cut their price objective on Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating on the stock in a research report on Thursday, October 23rd. Wall Street Zen upgraded Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Jefferies Financial Group upgraded Equity Lifestyle Properties to a “strong-buy” rating in a report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $70.50.

Equity Lifestyle Properties Company 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.