Aviva PLC Has $472,000 Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Aviva PLC lessened its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 47.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,091 shares of the real estate investment trust's stock after selling 6,291 shares during the quarter. Aviva PLC's holdings in Equity LifeStyle Properties were worth $472,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. National Pension Service acquired a new position in shares of Equity LifeStyle Properties in the 4th quarter valued at about $25,000. Geneos Wealth Management Inc. acquired a new position in Equity LifeStyle Properties in the fourth quarter valued at approximately $30,000. Board of the Pension Protection Fund bought a new position in shares of Equity LifeStyle Properties during the fourth quarter valued at approximately $33,000. MassMutual Private Wealth & Trust FSB raised 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. Finally, UMB Bank n.a. boosted its holdings in shares of Equity LifeStyle Properties by 68.2% during the fourth quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust's stock valued at $60,000 after acquiring an additional 364 shares during the period. Institutional investors own 97.21% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ELS. Robert W. Baird increased their price target on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Evercore ISI decreased their price objective on Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating for the company in a research report on Tuesday, January 28th. Royal Bank of Canada dropped their target price 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. Jefferies Financial Group assumed coverage on shares of Equity LifeStyle Properties in a research report on Tuesday, April 8th. They set a "buy" rating and a $80.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and boosted their price target for the company from $66.00 to $73.00 in a report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $74.20.

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Equity LifeStyle Properties Stock Performance

Shares of ELS stock traded down $0.13 during trading on Tuesday, reaching $65.45. The company had a trading volume of 938,485 shares, compared to its average volume of 1,296,539. The firm's 50 day simple moving average is $66.56 and its two-hundred day simple moving average is $67.77. Equity LifeStyle Properties, Inc. has a one year low of $58.86 and a one 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. The company has a market capitalization of $12.51 billion, a PE ratio of 33.56, a PEG ratio of 3.02 and a beta of 0.72.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.76 EPS for the quarter, meeting analysts' consensus estimates of $0.76. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. 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 firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a $0.515 dividend. This is an increase from Equity LifeStyle Properties's previous quarterly dividend of $0.48. This represents a $2.06 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Friday, March 28th. Equity LifeStyle Properties's dividend payout ratio (DPR) is currently 105.64%.

Equity LifeStyle Properties Company 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.