Equity LifeStyle Properties, Inc. (NYSE:ELS) Stock Holdings Trimmed by AGF Management Ltd.

AGF Management Ltd. lowered its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 17.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,352 shares of the real estate investment trust's stock after selling 7,486 shares during the quarter. AGF Management Ltd.'s holdings in Equity LifeStyle Properties were worth $2,421,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Assetmark Inc. increased its stake in Equity LifeStyle Properties by 105.6% during the 3rd quarter. Assetmark Inc. now owns 15,279 shares of the real estate investment trust's stock worth $1,090,000 after buying an additional 7,847 shares during the period. Crossmark Global Holdings Inc. increased its position in shares of Equity LifeStyle Properties by 8.9% during the third quarter. Crossmark Global Holdings Inc. now owns 13,775 shares of the real estate investment trust's stock worth $983,000 after acquiring an additional 1,121 shares during the last quarter. MQS Management LLC acquired a new position in shares of Equity LifeStyle Properties in the third quarter worth about $346,000. Oppenheimer Asset Management Inc. purchased a new position in Equity LifeStyle Properties in the third quarter valued at about $599,000. Finally, KBC Group NV grew its stake in Equity LifeStyle Properties by 518.6% during the 3rd quarter. KBC Group NV now owns 165,518 shares of the real estate investment trust's stock valued at $11,808,000 after purchasing an additional 138,759 shares in the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating and upped their target price for the company from $66.00 to $73.00 in a research report on Tuesday, January 21st. Evercore ISI reduced their price objective on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating on the stock in a research note on Tuesday, January 28th. Robert W. Baird raised their price objective on shares of 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 cut their target price on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating on the stock in a research note on Wednesday, January 29th. Finally, Truist Financial upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Equity LifeStyle Properties presently has a consensus rating of "Moderate Buy" and an average price target of $73.78.

Equity LifeStyle Properties Stock Performance

Shares of NYSE:ELS traded up $1.25 during trading on Monday, hitting $68.30. 745,369 shares of the company traded hands, compared to its average volume of 1,210,697. The company has a quick ratio of 0.03, a current ratio of 0.02 and a debt-to-equity ratio of 0.15. The business's fifty day moving average is $66.53 and its 200-day moving average is $68.93. The stock has a market capitalization of $13.05 billion, a price-to-earnings ratio of 35.02, a PEG ratio of 3.02 and a beta of 0.79. Equity LifeStyle Properties, Inc. has a one year low of $59.82 and a one year high of $76.60.

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 EPS for the quarter, hitting analysts' consensus estimates of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. 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 will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.02%. This is a positive change from Equity LifeStyle Properties's previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 28th. Equity LifeStyle Properties's payout ratio is presently 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.