Unigestion Holding SA Makes New $493,000 Investment in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Unigestion Holding SA acquired 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 Securities and Exchange Commission. The firm acquired 7,400 shares of the real estate investment trust's stock, valued at approximately $493,000.

Other institutional investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Equity LifeStyle Properties by 43.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 171 shares during the period. Carmel Capital Partners LLC grew its stake in Equity LifeStyle Properties by 3.6% in the fourth quarter. Carmel Capital Partners LLC now owns 6,533 shares of the real estate investment trust's stock valued at $435,000 after acquiring an additional 230 shares during the period. Corient Private Wealth LLC increased its holdings in shares of Equity LifeStyle Properties by 1.0% in the fourth quarter. Corient Private Wealth LLC now owns 22,861 shares of the real estate investment trust's stock worth $1,523,000 after acquiring an additional 230 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Equity LifeStyle Properties by 7.7% during the fourth quarter. Quadrant Capital Group LLC now owns 3,256 shares of the real estate investment trust's stock worth $217,000 after purchasing an additional 232 shares during the period. Finally, HighTower Advisors LLC raised its position in shares of Equity LifeStyle Properties by 2.1% during the fourth quarter. HighTower Advisors LLC now owns 11,446 shares of the real estate investment trust's stock worth $762,000 after purchasing an additional 238 shares during the period. Institutional investors and hedge funds own 97.21% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ELS shares. Evercore ISI decreased their price objective on Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating for the company in a research report on Tuesday, January 28th. BMO Capital Markets raised shares of Equity LifeStyle Properties from a "market perform" rating to an "outperform" rating and set a $78.00 price objective for the company in a research report on Friday, April 4th. Jefferies Financial Group initiated coverage on shares of Equity LifeStyle Properties in a report on Tuesday. They set a "buy" rating and a $80.00 price objective on the stock. Robert W. Baird upped their target price on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating and lifted their price target for the company from $66.00 to $73.00 in a research note on Tuesday, January 21st. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $74.20.

Equity LifeStyle Properties Stock Up 0.9 %

ELS stock traded up $0.57 during mid-day trading on Friday, reaching $64.31. The company had a trading volume of 1,163,695 shares, compared to its average volume of 1,296,759. The company has a market capitalization of $12.29 billion, a price-to-earnings ratio of 32.98, a PEG ratio of 3.02 and a beta of 0.72. Equity LifeStyle Properties, Inc. has a 52 week low of $58.86 and a 52 week high of $76.60. The stock has a 50 day simple moving average of $66.59 and a two-hundred day simple moving average of $67.85. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last released its earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share for the quarter, meeting the consensus estimate of $0.76. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. As a group, equities analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a $0.515 dividend. This is an increase from Equity LifeStyle Properties's previous quarterly dividend of $0.48. This represents a $2.06 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Friday, March 28th. Equity LifeStyle Properties's dividend payout ratio (DPR) 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.