Bahl & Gaynor Inc. lifted its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 202,092 shares of the real estate investment trust's stock after purchasing an additional 21,719 shares during the quarter. Bahl & Gaynor Inc. owned 0.11% of Equity LifeStyle Properties worth $13,459,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in ELS. National Pension Service bought a new position in Equity LifeStyle Properties in the 4th quarter worth about $25,000. Geneos Wealth Management Inc. bought a new position in Equity LifeStyle Properties in the 4th quarter worth about $30,000. Board of the Pension Protection Fund bought a new position in Equity LifeStyle Properties in the 4th quarter worth about $33,000. MassMutual Private Wealth & Trust FSB increased its stake in Equity LifeStyle Properties by 43.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 171 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in Equity LifeStyle Properties by 68.2% in the 4th quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust's stock worth $60,000 after acquiring an additional 364 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
ELS has been the subject of a number of research reports. Robert W. Baird upped their price objective on Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Jefferies Financial Group upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating and upped their price objective for the stock from $72.00 to $80.00 in a report on Thursday, January 2nd. Truist Financial upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Evercore ISI cut their price objective on Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating for the company in a report on Tuesday, January 28th. Finally, Royal Bank of Canada cut their price objective on Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating for the company in a report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Equity LifeStyle Properties currently has an average rating of "Moderate Buy" and a consensus price target of $73.78.
View Our Latest Report on Equity LifeStyle Properties
Equity LifeStyle Properties Trading Up 1.2 %
NYSE ELS traded up $0.80 on Friday, hitting $68.56. The company's stock had a trading volume of 1,189,914 shares, compared to its average volume of 1,482,091. Equity LifeStyle Properties, Inc. has a 52-week low of $59.82 and a 52-week high of $76.60. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15. The company's 50-day simple moving average is $66.48 and its 200 day simple moving average is $69.07. The firm has a market cap of $13.10 billion, a P/E ratio of 35.16, a PEG ratio of 3.02 and a beta of 0.79.
Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share for the quarter, hitting the consensus estimate of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. Research analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.
Equity LifeStyle Properties Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders 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 represents a $2.06 annualized dividend and a dividend yield of 3.00%. This is a positive change from Equity LifeStyle Properties's previous quarterly dividend of $0.48. Equity LifeStyle Properties's dividend payout ratio is currently 105.64%.
Equity LifeStyle Properties Profile
(
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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