Arrowstreet Capital Limited Partnership Has $47.63 Million Stock Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Arrowstreet Capital Limited Partnership raised its position in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 13.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 715,181 shares of the real estate investment trust's stock after acquiring an additional 83,903 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.37% of Equity LifeStyle Properties worth $47,631,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ELS. Principal Financial Group Inc. lifted its stake in Equity LifeStyle Properties by 172.0% in the 4th 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 purchasing an additional 3,838,809 shares during the last quarter. Norges Bank bought a new stake in Equity LifeStyle Properties in the fourth quarter valued at approximately $163,212,000. Quantinno Capital Management LP lifted its position in shares of Equity LifeStyle Properties by 14,049.2% in the third quarter. Quantinno Capital Management LP now owns 713,971 shares of the real estate investment trust's stock valued at $50,935,000 after buying an additional 708,925 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC acquired a new stake in shares of Equity LifeStyle Properties in the fourth quarter valued at approximately $41,391,000. Finally, Vanguard Group Inc. boosted its stake in shares of Equity LifeStyle Properties by 1.6% during 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 acquiring an additional 388,888 shares during the period. Institutional investors own 97.21% of the company's stock.

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Equity LifeStyle Properties Stock Performance

Shares of NYSE:ELS traded down $2.08 on Friday, reaching $65.94. 2,318,951 shares of the company's stock were exchanged, compared to its average volume of 1,299,360. 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 twelve month low of $59.82 and a twelve month high of $76.60. The company has a fifty day moving average of $66.98 and a 200-day moving average of $68.25. The company has a market capitalization of $12.60 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 3.02 and a beta of 0.72.

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 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%. On average, research 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 disclosed 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. This is a boost 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 annualized dividend and a yield of 3.12%. Equity LifeStyle Properties's dividend payout ratio is currently 105.64%.

Analysts Set New Price Targets

ELS has been the topic of a number of research analyst reports. Jefferies Financial Group upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating and increased their price target for the company from $72.00 to $80.00 in a research note on Thursday, January 2nd. BMO Capital Markets raised shares of Equity LifeStyle Properties from a "market perform" rating to an "outperform" rating and set a $78.00 price objective on the stock in a research report on Friday. 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. Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and upped their price target for the company from $66.00 to $73.00 in a research note on Tuesday, January 21st. Finally, Truist Financial upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Equity LifeStyle Properties currently has a consensus rating of "Moderate Buy" and an average price target of $74.20.

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.