Avanza Fonder AB Takes Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Avanza Fonder AB bought a new position in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 13,770 shares of the real estate investment trust's stock, valued at approximately $917,000.

Several other hedge funds have also recently made changes to their positions in ELS. Board of the Pension Protection Fund purchased a new stake in shares of Equity LifeStyle Properties during the 4th quarter valued at approximately $33,000. UMB Bank n.a. lifted its position in shares of Equity LifeStyle Properties by 356.4% during the third quarter. UMB Bank n.a. now owns 534 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 417 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Equity LifeStyle Properties by 31.3% in the third quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 146 shares during the period. Acadian Asset Management LLC bought a new position in shares of Equity LifeStyle Properties in the second quarter worth $54,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Equity LifeStyle Properties in the third quarter valued at $72,000. 97.21% of the stock is currently owned by institutional investors.

Equity LifeStyle Properties Price Performance

ELS traded up $0.32 during trading on Monday, reaching $66.52. The stock had a trading volume of 839,145 shares, compared to its average volume of 1,162,862. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.03 and a current ratio of 0.03. The business has a 50-day moving average of $68.42 and a 200-day moving average of $69.48. Equity LifeStyle Properties, Inc. has a one year low of $59.82 and a one year high of $76.60. The stock has a market cap of $12.71 billion, a PE ratio of 34.29, a PEG ratio of 3.21 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.28). The firm had revenue of $387.30 million for the quarter, compared to the consensus estimate of $315.78 million. Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. Equity LifeStyle Properties's revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 earnings per share. As a group, equities research analysts anticipate that Equity LifeStyle Properties, Inc. will post 2.92 EPS for the current fiscal year.

Equity LifeStyle Properties Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were paid a dividend of $0.477 per share. This represents a $1.91 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend was Friday, December 27th. Equity LifeStyle Properties's dividend payout ratio (DPR) is presently 98.45%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Jefferies Financial Group raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating and increased their price objective for the stock from $72.00 to $80.00 in a report on Thursday, January 2nd. UBS Group upgraded shares of Equity LifeStyle Properties to a "strong-buy" rating in a research report on Thursday, October 10th. Truist Financial raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research note on Friday. Compass Point increased their target price on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Finally, Robert W. Baird boosted their price target on shares of Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $73.30.

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.