Atria Investments Inc Increases Stock Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Atria Investments Inc lifted its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,438 shares of the real estate investment trust's stock after purchasing an additional 4,434 shares during the quarter. Atria Investments Inc's holdings in Equity LifeStyle Properties were worth $2,294,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ELS. Moran Wealth Management LLC boosted its stake in Equity LifeStyle Properties by 0.8% during the third quarter. Moran Wealth Management LLC now owns 17,721 shares of the real estate investment trust's stock worth $1,264,000 after buying an additional 143 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of Equity LifeStyle Properties by 43.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 171 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its holdings in Equity LifeStyle Properties by 14.7% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,093 shares of the real estate investment trust's stock valued at $149,000 after purchasing an additional 269 shares during the last quarter. GAMMA Investing LLC raised its position in Equity LifeStyle Properties by 23.3% in the fourth quarter. GAMMA Investing LLC now owns 1,763 shares of the real estate investment trust's stock valued at $117,000 after purchasing an additional 333 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in Equity LifeStyle Properties by 5.5% during the third quarter. CIBC Asset Management Inc now owns 6,591 shares of the real estate investment trust's stock worth $470,000 after purchasing an additional 345 shares in the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

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Equity LifeStyle Properties Stock Down 1.2 %

Shares of ELS traded down $0.81 during midday trading on Thursday, reaching $65.98. The stock had a trading volume of 1,109,094 shares, compared to its average volume of 1,216,504. The company has a market cap of $12.61 billion, a price-to-earnings ratio of 33.84, a PEG ratio of 3.02 and a beta of 0.79. The company's fifty day simple moving average is $66.56 and its two-hundred day simple moving average is $69.00. Equity LifeStyle Properties, Inc. has a 1-year low of $59.82 and a 1-year high of $76.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share 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%. Equities research analysts expect 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 declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a $0.515 dividend. The ex-dividend date of this dividend is Friday, March 28th. This is a boost from Equity LifeStyle Properties's previous quarterly dividend of $0.48. This represents a $2.06 dividend on an annualized basis and a yield of 3.12%. Equity LifeStyle Properties's payout ratio is 105.64%.

Analysts Set New Price Targets

ELS has been the topic of several research analyst reports. Royal Bank of Canada cut their price objective on Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating on the stock in a report on Wednesday, January 29th. 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 research note on Tuesday, January 28th. Jefferies Financial Group raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and raised their price objective for the company from $72.00 to $80.00 in a research note on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and upped their target price for the stock from $66.00 to $73.00 in a research note on Tuesday, January 21st. Finally, Truist Financial raised 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, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $73.78.

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.