Boston Partners Buys 193,927 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Boston Partners grew its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,971,493 shares of the real estate investment trust's stock after acquiring an additional 193,927 shares during the quarter. Boston Partners owned about 1.56% of Equity LifeStyle Properties worth $197,896,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of ELS. Intech Investment Management LLC lifted its holdings in Equity LifeStyle Properties by 1.8% in the fourth quarter. Intech Investment Management LLC now owns 14,241 shares of the real estate investment trust's stock worth $948,000 after purchasing an additional 256 shares during the period. Signaturefd LLC lifted its holdings in Equity LifeStyle Properties by 32.9% in the fourth quarter. Signaturefd LLC now owns 1,854 shares of the real estate investment trust's stock worth $123,000 after purchasing an additional 459 shares during the period. Cibc World Markets Corp lifted its holdings in Equity LifeStyle Properties by 6.7% in the fourth quarter. Cibc World Markets Corp now owns 63,633 shares of the real estate investment trust's stock worth $4,238,000 after purchasing an additional 4,017 shares during the period. Corient Private Wealth LLC lifted its holdings in Equity LifeStyle Properties by 1.0% in the fourth quarter. Corient Private Wealth LLC now owns 22,861 shares of the real estate investment trust's stock worth $1,523,000 after purchasing an additional 230 shares during the period. Finally, Natixis Advisors LLC lifted its holdings in Equity LifeStyle Properties by 10.3% in the fourth quarter. Natixis Advisors LLC now owns 29,427 shares of the real estate investment trust's stock worth $1,960,000 after purchasing an additional 2,751 shares during the period. Institutional investors and hedge funds own 97.21% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts have commented on ELS shares. Royal Bank of Canada dropped their price target on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating on the stock in a research report on Wednesday, January 29th. Jefferies Financial Group upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and boosted their price target for the stock from $72.00 to $80.00 in a research report on Thursday, January 2nd. Truist Financial upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Evercore ISI dropped their price target on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating on the stock in a research report on Tuesday, January 28th. 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 stock from $66.00 to $73.00 in a research report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $73.78.

Equity LifeStyle Properties Price Performance

Shares of ELS stock traded down $0.26 during trading hours on Friday, hitting $68.47. 2,036,481 shares of the company's stock were exchanged, compared to its average volume of 1,215,914. The stock's 50-day moving average is $66.83 and its 200-day moving average is $68.82. The stock has a market cap of $13.09 billion, a price-to-earnings ratio of 35.11, 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 debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. As a group, research analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.

Equity LifeStyle Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.01%. This is a positive change from Equity LifeStyle Properties's previous quarterly dividend of $0.48. Equity LifeStyle Properties's dividend payout ratio (DPR) is currently 105.64%.

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.