Bayesian Capital Management LP Invests $876,000 in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Bayesian Capital Management LP acquired a new stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 13,600 shares of the real estate investment trust’s stock, valued at approximately $876,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BOKF NA lifted its position in shares of Equity LifeStyle Properties by 2.2% during the first quarter. BOKF NA now owns 16,201 shares of the real estate investment trust’s stock valued at $1,025,000 after buying an additional 346 shares during the last quarter. Magnetar Financial LLC purchased a new stake in Equity LifeStyle Properties during the first quarter valued at approximately $4,440,000. LRI Investments LLC acquired a new stake in Equity LifeStyle Properties in the first quarter valued at approximately $122,000. Canada Pension Plan Investment Board boosted its stake in Equity LifeStyle Properties by 1.9% in the first quarter. Canada Pension Plan Investment Board now owns 1,448,775 shares of the real estate investment trust’s stock valued at $93,301,000 after acquiring an additional 27,600 shares in the last quarter. Finally, EntryPoint Capital LLC grew its holdings in Equity LifeStyle Properties by 266,700.0% in the first quarter. EntryPoint Capital LLC now owns 2,668 shares of the real estate investment trust’s stock worth $172,000 after purchasing an additional 2,667 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Stock Performance

Shares of NYSE:ELS traded up $1.49 during trading on Tuesday, hitting $68.49. The stock had a trading volume of 553,309 shares, compared to its average volume of 1,224,387. The stock has a 50-day simple moving average of $64.26 and a two-hundred day simple moving average of $64.74. The stock has a market capitalization of $12.77 billion, a price-to-earnings ratio of 36.61, a price-to-earnings-growth ratio of 3.95 and a beta of 0.77. Equity LifeStyle Properties, Inc. has a 12-month low of $59.82 and a 12-month high of $74.04. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.34.

Equity LifeStyle Properties (NYSE:ELS) last announced its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.42 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.23). The business had revenue of $380.00 million for the quarter, compared to analyst estimates of $334.53 million. Equity LifeStyle Properties had a net margin of 23.56% and a return on equity of 23.71%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 earnings per share. On average, equities research analysts expect that Equity LifeStyle Properties, Inc. will post 2.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on ELS shares. Evercore ISI increased their price objective on Equity LifeStyle Properties from $69.00 to $72.00 and gave the company an “in-line” rating in a report on Tuesday, July 23rd. Truist Financial raised their price target on Equity LifeStyle Properties from $65.00 to $70.00 and gave the stock a “hold” rating in a report on Tuesday. Barclays dropped their price target on Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating on the stock in a research note on Friday, April 26th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $68.00 price objective on shares of Equity LifeStyle Properties in a research report on Wednesday, July 24th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $68.94.

Equity LifeStyle Properties Profile

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.