Callan Family Office LLC Purchases New Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Callan Family Office LLC bought a new position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,026 shares of the real estate investment trust's stock, valued at approximately $268,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. grew its position in Equity LifeStyle Properties by 172.0% during the 4th quarter. Principal Financial Group Inc. now owns 6,070,817 shares of the real estate investment trust's stock worth $404,319,000 after acquiring an additional 3,838,809 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Equity LifeStyle Properties by 370.6% during the third quarter. Daiwa Securities Group Inc. now owns 2,329,431 shares of the real estate investment trust's stock valued at $166,182,000 after purchasing an additional 1,834,491 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Equity LifeStyle Properties by 592.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,626,963 shares of the real estate investment trust's stock worth $116,068,000 after purchasing an additional 1,391,846 shares during the last quarter. Caprock Group LLC acquired a new position in shares of Equity LifeStyle Properties in the third quarter valued at approximately $54,866,000. Finally, Quantinno Capital Management LP raised its holdings in Equity LifeStyle Properties by 14,049.2% in the 3rd quarter. Quantinno Capital Management LP now owns 713,971 shares of the real estate investment trust's stock valued at $50,935,000 after buying an additional 708,925 shares during the last quarter. Institutional investors own 97.21% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Truist Financial raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Jefferies Financial Group raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $72.00 to $80.00 in a research note on Thursday, January 2nd. Royal Bank of Canada lowered their target price on Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating for the company in a research report on Wednesday, January 29th. Robert W. Baird upped 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. Finally, Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating and raised their price objective for the stock from $66.00 to $73.00 in a research report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.78.

Equity LifeStyle Properties Trading Up 1.5 %

ELS stock traded up $1.01 during mid-day trading on Friday, reaching $67.04. The company's stock had a trading volume of 785,448 shares, compared to its average volume of 1,214,690. Equity LifeStyle Properties, Inc. has a 12 month low of $59.82 and a 12 month 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 business's 50 day moving average price is $66.54 and its 200 day moving average price is $68.98. The company has a market cap of $12.81 billion, a price-to-earnings ratio of 34.38, a price-to-earnings-growth 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, 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%. On average, equities research analysts predict 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 will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a $0.515 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.06 annualized dividend and a yield of 3.07%. This is a positive change from Equity LifeStyle Properties's previous quarterly dividend of $0.48. Equity LifeStyle Properties's dividend payout ratio is presently 105.64%.

About Equity LifeStyle Properties

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.