Capital Fund Management S.A. Buys Shares of 73,744 Equity LifeStyle Properties, Inc. (NYSE:ELS)

Capital Fund Management S.A. purchased a new position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 73,744 shares of the real estate investment trust's stock, valued at approximately $4,911,000.

Other hedge funds also recently added to or reduced their stakes in the company. National Pension Service acquired a new position in shares of Equity LifeStyle Properties during the fourth quarter valued at about $25,000. Bessemer Group Inc. lifted its stake in shares of Equity LifeStyle Properties by 121.4% during the fourth quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust's stock worth $25,000 after buying an additional 210 shares during the period. Geneos Wealth Management Inc. purchased a new stake in shares of Equity LifeStyle Properties during the fourth quarter valued at $30,000. Board of the Pension Protection Fund acquired a new position in shares of Equity LifeStyle Properties in the 4th quarter valued at $33,000. Finally, MassMutual Private Wealth & Trust FSB raised 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. 97.21% of the stock is owned by institutional investors and hedge funds.

Equity LifeStyle Properties Price Performance

NYSE:ELS traded up $0.40 during trading hours on Friday, hitting $65.32. 1,430,162 shares of the stock were exchanged, compared to its average volume of 1,294,852. The firm's fifty day moving average price is $66.51 and its 200 day moving average price is $67.71. Equity LifeStyle Properties, Inc. has a 52-week low of $58.86 and a 52-week high of $76.60. The company has a market cap of $12.49 billion, a P/E ratio of 33.50, a P/E/G ratio of 3.02 and a beta of 0.72. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15.

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

Equity LifeStyle Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a $0.515 dividend. This is a boost from Equity LifeStyle Properties's previous quarterly dividend of $0.48. This represents a $2.06 annualized dividend and a yield of 3.15%. The ex-dividend date was Friday, March 28th. Equity LifeStyle Properties's dividend payout ratio is presently 105.64%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ELS shares. Robert W. Baird increased their price objective on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. BMO Capital Markets raised shares of Equity LifeStyle Properties from a "market perform" rating to an "outperform" rating and set a $78.00 target price for the company in a report on Friday, April 4th. Evercore ISI lowered 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 report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating and boosted their price objective for the company from $66.00 to $73.00 in a report on Tuesday, January 21st. Finally, Truist Financial raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Equity LifeStyle Properties has an average rating of "Moderate Buy" and a consensus price target of $74.20.

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.