Aew Capital Management L P Has $10.40 Million Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Aew Capital Management L P cut its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 156,223 shares of the real estate investment trust's stock after selling 3,770 shares during the quarter. Aew Capital Management L P owned 0.08% of Equity LifeStyle Properties worth $10,404,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Townsquare Capital LLC grew its holdings in shares of Equity LifeStyle Properties by 23.7% during the third quarter. Townsquare Capital LLC now owns 12,835 shares of the real estate investment trust's stock worth $916,000 after buying an additional 2,458 shares in the last quarter. Vert Asset Management LLC boosted its position in shares of Equity LifeStyle Properties by 9.8% in the fourth quarter. Vert Asset Management LLC now owns 79,516 shares of the real estate investment trust's stock valued at $5,296,000 after acquiring an additional 7,092 shares during the period. Empowered Funds LLC bought a new stake in shares of Equity LifeStyle Properties in the fourth quarter valued at about $380,000. Victory Capital Management Inc. boosted its holdings in Equity LifeStyle Properties by 0.9% in the 3rd quarter. Victory Capital Management Inc. now owns 4,649,670 shares of the real estate investment trust's stock valued at $331,707,000 after purchasing an additional 39,864 shares during the period. Finally, Citigroup Inc. grew its position in shares of Equity LifeStyle Properties by 16.7% during the 3rd quarter. Citigroup Inc. now owns 213,209 shares of the real estate investment trust's stock worth $15,210,000 after purchasing an additional 30,489 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ELS shares. Jefferies Financial Group upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating and boosted their price target for the company from $72.00 to $80.00 in a research note on Thursday, January 2nd. Evercore ISI cut their target price 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. Robert W. Baird increased their target price on Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Royal Bank of Canada dropped their price target on Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating for the company in a research note on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and upped their price objective for the stock from $66.00 to $73.00 in a research report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $73.78.

Equity LifeStyle Properties Price Performance

NYSE:ELS traded up $0.28 during trading hours on Friday, hitting $68.59. The company's stock had a trading volume of 2,861,728 shares, compared to its average volume of 1,504,111. The stock has a fifty day simple moving average of $66.37 and a 200-day simple moving average of $69.14. Equity LifeStyle Properties, Inc. has a twelve month low of $59.82 and a twelve month high of $76.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03. The company has a market capitalization of $13.10 billion, a P/E ratio of 35.17, a PEG ratio of 3.02 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last released its quarterly earnings data 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 return on equity of 23.12% and a net margin of 24.05%. On average, analysts anticipate that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a dividend of $0.515 per share. The ex-dividend date is Friday, March 28th. 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 3.00%. Equity LifeStyle Properties's dividend payout ratio (DPR) is currently 105.64%.

Equity LifeStyle Properties Profile

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.