APG Asset Management N.V. Purchases Shares of 102,100 Equity LifeStyle Properties, Inc. (NYSE:ELS)

APG Asset Management N.V. purchased a new stake in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 102,100 shares of the real estate investment trust's stock, valued at approximately $6,567,000. APG Asset Management N.V. owned 0.05% of Equity LifeStyle Properties as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Equity LifeStyle Properties by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 25,053,845 shares of the real estate investment trust's stock worth $1,668,586,000 after purchasing an additional 388,888 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Equity LifeStyle Properties by 172.0% during the fourth quarter. Principal Financial Group Inc. now owns 6,070,817 shares of the real estate investment trust's stock valued at $404,319,000 after buying an additional 3,838,809 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Equity LifeStyle Properties by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 4,761,879 shares of the real estate investment trust's stock valued at $339,713,000 after buying an additional 147,332 shares during the last quarter. Invesco Ltd. increased its position in shares of Equity LifeStyle Properties by 592.7% during the fourth quarter. Invesco Ltd. now owns 3,918,241 shares of the real estate investment trust's stock worth $260,955,000 after acquiring an additional 3,352,584 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Equity LifeStyle Properties by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 3,887,371 shares of the real estate investment trust's stock worth $258,536,000 after acquiring an additional 53,775 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

ELS has been the topic of a number of recent research reports. BMO Capital Markets upgraded Equity LifeStyle Properties from a "market perform" rating to an "outperform" rating and set a $78.00 target price on the stock in a report on Friday, April 4th. Jefferies Financial Group started coverage on shares of Equity LifeStyle Properties in a research note on Tuesday, April 8th. They issued a "buy" rating and a $80.00 target price for the company. Robert W. Baird increased their target price on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Evercore ISI cut their price target on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating on the stock in a report on Tuesday, January 28th. Finally, Truist Financial upgraded shares of 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, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $74.20.

Equity LifeStyle Properties Stock Performance

Shares of NYSE ELS traded down $0.13 during mid-day trading on Tuesday, hitting $65.45. The company had a trading volume of 938,485 shares, compared to its average volume of 1,295,143. The stock's 50-day moving average price is $66.56 and its 200-day moving average price is $67.77. The company has a market capitalization of $12.51 billion, a price-to-earnings ratio of 33.56, a P/E/G ratio of 3.02 and a beta of 0.72. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15. Equity LifeStyle Properties, Inc. has a 1 year low of $58.86 and a 1 year high of $76.60.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $0.76 EPS for the quarter, hitting 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, sell-side analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity LifeStyle Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.15%. This is a boost from Equity LifeStyle Properties's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, March 28th. 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.