B&I Capital AG Makes New Investment in Equity LifeStyle Properties, Inc. (NYSE:ELS)

B&I Capital AG acquired a new stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 113,780 shares of the real estate investment trust's stock, valued at approximately $7,578,000. Equity LifeStyle Properties comprises 2.5% of B&I Capital AG's portfolio, making the stock its 19th biggest holding. B&I Capital AG owned 0.06% of Equity LifeStyle Properties at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ELS. National Pension Service purchased a new stake in shares of Equity LifeStyle Properties during the 4th quarter valued at about $25,000. Geneos Wealth Management Inc. bought a new stake in Equity LifeStyle Properties during the fourth quarter valued at approximately $30,000. Board of the Pension Protection Fund purchased a new stake in Equity LifeStyle Properties during the fourth quarter valued at approximately $33,000. MassMutual Private Wealth & Trust FSB increased its holdings in Equity LifeStyle Properties by 43.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 171 shares during the last quarter. Finally, UMB Bank n.a. raised its position in Equity LifeStyle Properties by 68.2% in the fourth 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 period. Institutional investors own 97.21% of the company's stock.

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Analyst Ratings Changes

A number of brokerages have recently issued reports on ELS. Robert W. Baird raised their target price 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 raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating and raised their price objective for the stock from $72.00 to $80.00 in a research note on Thursday, January 2nd. Truist Financial raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft raised shares of 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 report on Tuesday, January 21st. Finally, Evercore ISI dropped 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 note on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $73.78.

Equity LifeStyle Properties Trading Down 1.3 %

Equity LifeStyle Properties stock traded down $0.86 during midday trading on Thursday, reaching $67.79. The stock had a trading volume of 1,167,218 shares, compared to its average volume of 1,488,223. 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 firm has a market cap of $12.96 billion, a price-to-earnings ratio of 34.76, a price-to-earnings-growth ratio of 3.02 and a beta of 0.79. Equity LifeStyle Properties, Inc. has a 52-week low of $59.82 and a 52-week high of $76.60. The company has a fifty day moving average of $66.43 and a 200 day moving average of $69.09.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings results 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%. On average, analysts anticipate that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.04%. This is a boost from Equity LifeStyle Properties's previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 28th. Equity LifeStyle Properties's payout ratio is 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.