American Century Companies Inc. Trims Stake in Equity LifeStyle Properties, Inc. (NYSE:ELS)

American Century Companies Inc. lowered its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 85.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,114 shares of the real estate investment trust's stock after selling 338,490 shares during the period. American Century Companies Inc.'s holdings in Equity LifeStyle Properties were worth $3,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. National Pension Service bought a new position in shares of Equity LifeStyle Properties during the fourth quarter worth $25,000. Geneos Wealth Management Inc. purchased a new stake in Equity LifeStyle Properties in the 4th quarter worth $30,000. Board of the Pension Protection Fund purchased a new position in shares of Equity LifeStyle Properties during the fourth quarter valued at about $33,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Equity LifeStyle Properties by 43.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 171 shares in the last quarter. Finally, UMB Bank n.a. grew its position in shares of Equity LifeStyle Properties by 68.2% during the fourth quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust's stock valued at $60,000 after purchasing an additional 364 shares in the last quarter. Institutional investors own 97.21% of the company's stock.

Equity LifeStyle Properties Trading Up 0.9 %

NYSE ELS traded up $0.57 during trading on Friday, hitting $64.31. The stock had a trading volume of 1,163,695 shares, compared to its average volume of 1,296,759. 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 stock has a 50 day simple moving average of $66.59 and a 200 day simple moving average of $67.85. Equity LifeStyle Properties, Inc. has a one year low of $58.86 and a one year high of $76.60. The stock has a market capitalization of $12.29 billion, a price-to-earnings ratio of 32.98, a P/E/G ratio of 3.02 and a beta of 0.72.

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

Equity LifeStyle Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued 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 of this dividend is Friday, March 28th. This represents a $2.06 dividend on an annualized basis and a yield of 3.20%. Equity LifeStyle Properties's dividend payout ratio (DPR) is presently 105.64%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ELS shares. Truist Financial upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Evercore ISI cut their target price on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating for the company in a report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and boosted their price target for the stock from $66.00 to $73.00 in a research report on Tuesday, January 21st. Robert W. Baird increased their price objective on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Finally, Jefferies Financial Group began coverage on shares of Equity LifeStyle Properties in a research note on Tuesday. They issued a "buy" rating and a $80.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Equity LifeStyle Properties currently has a consensus rating of "Moderate Buy" and an average price target of $74.20.

Equity LifeStyle Properties Company 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.