Empowered Funds LLC Acquires Shares of 5,712 Equity LifeStyle Properties, Inc. (NYSE:ELS)

Empowered Funds LLC bought a new position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 5,712 shares of the real estate investment trust's stock, valued at approximately $380,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Moran Wealth Management LLC lifted its position in shares of Equity LifeStyle Properties by 0.8% during the third quarter. Moran Wealth Management LLC now owns 17,721 shares of the real estate investment trust's stock worth $1,264,000 after purchasing an additional 143 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Equity LifeStyle Properties by 43.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust's stock worth $38,000 after buying an additional 171 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in Equity LifeStyle Properties by 14.7% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,093 shares of the real estate investment trust's stock valued at $149,000 after buying an additional 269 shares during the period. Outlook Wealth Advisors LLC grew its stake in shares of Equity LifeStyle Properties by 5.9% in the third quarter. Outlook Wealth Advisors LLC now owns 5,440 shares of the real estate investment trust's stock worth $388,000 after acquiring an additional 301 shares in the last quarter. Finally, Carmel Capital Partners LLC grew its stake in shares of Equity LifeStyle Properties by 5.2% in the third quarter. Carmel Capital Partners LLC now owns 6,303 shares of the real estate investment trust's stock worth $450,000 after acquiring an additional 311 shares in the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ELS shares. Robert W. Baird lifted their target price on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Truist Financial upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and upped their target price for the stock from $66.00 to $73.00 in a research note on Tuesday, January 21st. Jefferies Financial Group upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and lifted their price target for the stock from $72.00 to $80.00 in a research note on Thursday, January 2nd. Finally, Royal Bank of Canada lowered their price target on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating for the company in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Equity LifeStyle Properties presently has a consensus rating of "Moderate Buy" and a consensus price target of $73.78.

Equity LifeStyle Properties Stock Up 1.4 %

ELS stock traded up $0.91 during midday trading on Monday, reaching $66.96. 2,135,468 shares of the company were exchanged, compared to its average volume of 1,445,899. The stock's 50-day simple moving average is $66.28 and its 200 day simple moving average is $69.21. Equity LifeStyle Properties, Inc. has a 1-year low of $59.82 and a 1-year high of $76.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02. The company has a market cap of $12.79 billion, a price-to-earnings ratio of 34.34, a price-to-earnings-growth ratio of 3.02 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. On average, equities analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity LifeStyle Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $0.515 per share. This is a positive change from Equity LifeStyle Properties's previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 28th. This represents a $2.06 annualized dividend and a yield of 3.08%. Equity LifeStyle Properties's payout ratio is 105.64%.

About Equity LifeStyle Properties

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.