Avantax Advisory Services Inc. Takes Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Avantax Advisory Services Inc. bought a new position in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 11,628 shares of the real estate investment trust's stock, valued at approximately $774,000.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in shares of 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 in the last quarter. JPMorgan Chase & Co. boosted its position in 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 period. Geode Capital Management LLC grew its stake in shares of Equity LifeStyle Properties by 1.7% during the third quarter. Geode Capital Management LLC now owns 3,833,596 shares of the real estate investment trust's stock valued at $273,014,000 after buying an additional 65,191 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Equity LifeStyle Properties by 4.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,553,330 shares of the real estate investment trust's stock worth $170,052,000 after buying an additional 112,139 shares during the period. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Equity LifeStyle Properties by 370.6% in the third quarter. Daiwa Securities Group Inc. now owns 2,329,431 shares of the real estate investment trust's stock worth $166,182,000 after buying an additional 1,834,491 shares during the period. Institutional investors own 97.21% of the company's stock.

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Wall Street Analysts Forecast Growth

ELS has been the topic of several recent research reports. Jefferies Financial Group upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating and raised their price target for the stock from $72.00 to $80.00 in a research report on Thursday, January 2nd. Evercore ISI cut their target price 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. Truist Financial upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Robert W. Baird increased their price target 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, Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and boosted their price objective for the company from $66.00 to $73.00 in a research report on Tuesday, January 21st. 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. According to data from MarketBeat.com, Equity LifeStyle Properties has an average rating of "Moderate Buy" and an average target price of $73.78.

Equity LifeStyle Properties Trading Down 0.7 %

Shares of ELS traded down $0.47 during trading hours on Monday, reaching $68.01. 997,468 shares of the company traded hands, compared to its average volume of 1,215,148. Equity LifeStyle Properties, Inc. has a 12 month low of $59.82 and a 12 month high of $76.60. The company has a quick ratio of 0.03, a current ratio of 0.02 and a debt-to-equity ratio of 0.15. The company's fifty day moving average price is $66.83 and its two-hundred day moving average price is $68.79. The company has a market capitalization of $13.00 billion, a price-to-earnings ratio of 34.87, a price-to-earnings-growth ratio of 3.02 and a beta of 0.79.

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 for the quarter, meeting the consensus estimate of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. Equities research analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share 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. Shareholders of record on Friday, March 28th will be issued a $0.515 dividend. This is an increase 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 3.03%. Equity LifeStyle Properties's dividend payout ratio is 105.64%.

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.