Aware Super Pty Ltd as trustee of Aware Super purchased a new position in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 393,091 shares of the real estate investment trust's stock, valued at approximately $26,180,000. Aware Super Pty Ltd as trustee of Aware Super owned about 0.21% of Equity LifeStyle Properties as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in ELS. Walleye Capital LLC bought a new stake in shares of Equity LifeStyle Properties in the 4th quarter valued at about $591,000. Mariner LLC raised its holdings in Equity LifeStyle Properties by 15.0% in the fourth quarter. Mariner LLC now owns 12,485 shares of the real estate investment trust's stock worth $831,000 after purchasing an additional 1,632 shares during the period. Barclays PLC raised its stake in Equity LifeStyle Properties by 156.9% during the 4th quarter. Barclays PLC now owns 522,262 shares of the real estate investment trust's stock worth $34,782,000 after buying an additional 318,938 shares during the period. Savvy Advisors Inc. acquired a new position in Equity LifeStyle Properties in the fourth quarter valued at about $1,300,000. Finally, Seeds Investor LLC increased its holdings in shares of Equity LifeStyle Properties by 7.0% in the fourth quarter. Seeds Investor LLC now owns 3,763 shares of the real estate investment trust's stock worth $251,000 after acquiring an additional 245 shares in the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts recently issued reports on ELS shares. Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating and increased their target price for the stock from $66.00 to $73.00 in a research note on Tuesday, January 21st. 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, April 4th. Truist Financial upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Robert W. Baird boosted their target price on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Finally, Evercore ISI decreased their price target on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating for the company in a research note on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.20.
Get Our Latest Stock Report on ELS
Equity LifeStyle Properties Stock Performance
Shares of ELS stock traded up $0.40 during trading on Friday, reaching $65.32. 1,430,162 shares of the company's stock were exchanged, compared to its average volume of 1,294,852. Equity LifeStyle Properties, Inc. has a twelve month low of $58.86 and a twelve month high of $76.60. The firm's fifty day moving average price is $66.51 and its 200-day moving average price is $67.71. 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 stock has a market capitalization of $12.49 billion, a PE ratio of 33.50, a PEG ratio of 3.02 and a beta of 0.72.
Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued 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 net margin of 24.05% and a return on equity of 23.12%. As a group, sell-side analysts anticipate that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.
Equity LifeStyle Properties Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a $0.515 dividend. The ex-dividend date of this dividend was Friday, March 28th. This is an increase from Equity LifeStyle Properties's previous quarterly dividend of $0.48. This represents a $2.06 annualized dividend and a yield of 3.15%. Equity LifeStyle Properties's payout ratio is 105.64%.
About Equity LifeStyle Properties
(
Free Report)
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.
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