Andra AP fonden Reduces Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Andra AP fonden trimmed its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 252,200 shares of the real estate investment trust's stock after selling 27,500 shares during the quarter. Andra AP fonden owned about 0.13% of Equity LifeStyle Properties worth $16,797,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. US Bancorp DE lifted its stake in shares of Equity LifeStyle Properties by 4.0% during the third quarter. US Bancorp DE now owns 13,430 shares of the real estate investment trust's stock worth $958,000 after buying an additional 513 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in Equity LifeStyle Properties during the 3rd quarter worth about $75,000. Van ECK Associates Corp grew its stake in Equity LifeStyle Properties by 12.2% during the 3rd quarter. Van ECK Associates Corp now owns 81,480 shares of the real estate investment trust's stock valued at $5,752,000 after purchasing an additional 8,849 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of Equity LifeStyle Properties by 23.0% in the third quarter. QRG Capital Management Inc. now owns 11,461 shares of the real estate investment trust's stock valued at $818,000 after purchasing an additional 2,145 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of Equity LifeStyle Properties by 56.5% in the third quarter. Principal Financial Group Inc. now owns 2,232,008 shares of the real estate investment trust's stock valued at $159,232,000 after purchasing an additional 805,681 shares during the period. 97.21% of the stock is currently owned by institutional investors.

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Equity LifeStyle Properties Price Performance

Shares of NYSE:ELS traded down $1.00 during midday trading on Wednesday, reaching $66.81. 943,464 shares of the company's stock traded hands, compared to its average volume of 1,214,739. The company has a fifty day simple moving average of $66.55 and a two-hundred day simple moving average of $69.01. Equity LifeStyle Properties, Inc. has a 1 year low of $59.82 and a 1 year high of $76.60. The company has a market cap of $12.77 billion, a P/E ratio of 34.26, a PEG ratio of 3.02 and a beta of 0.79. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02.

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 the consensus estimate of $0.76. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. Equities analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 EPS 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 issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.08%. This is a boost from Equity LifeStyle Properties's previous quarterly dividend of $0.48. Equity LifeStyle Properties's dividend payout ratio is presently 105.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ELS shares. Truist Financial upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Evercore ISI cut 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. Royal Bank of Canada reduced their target price 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. Jefferies Financial Group raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and upped their price target for the company from $72.00 to $80.00 in a report on Thursday, January 2nd. Finally, Robert W. Baird lifted their price objective on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $73.78.

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.