Charles Schwab Investment Management Inc. Grows Stock Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 4.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,553,330 shares of the real estate investment trust's stock after acquiring an additional 112,139 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.34% of Equity LifeStyle Properties worth $170,052,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. National Pension Service bought a new stake in shares of Equity LifeStyle Properties during the fourth quarter worth approximately $25,000. Geneos Wealth Management Inc. acquired a new stake in Equity LifeStyle Properties during the 4th quarter worth approximately $30,000. Board of the Pension Protection Fund bought a new stake in Equity LifeStyle Properties in the 4th quarter valued at $33,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of 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 worth $38,000 after buying an additional 171 shares in the last quarter. Finally, UMB Bank n.a. increased its position in Equity LifeStyle Properties by 68.2% during 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. 97.21% of the stock is owned by institutional investors and hedge funds.

Equity LifeStyle Properties Stock Down 1.2 %

Shares of ELS stock traded down $0.82 during trading hours on Tuesday, reaching $67.83. The company had a trading volume of 1,888,486 shares, compared to its average volume of 1,211,596. The company has a market cap of $12.96 billion, a price-to-earnings ratio of 34.78, a price-to-earnings-growth ratio of 3.02 and a beta of 0.79. 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, Inc. has a 12 month low of $59.82 and a 12 month high of $76.60. The business has a fifty day simple moving average of $66.53 and a 200-day simple moving average of $69.03.

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Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.76. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. On average, research analysts expect that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share 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. Shareholders 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 annualized dividend and a dividend yield of 3.04%. This is a boost from Equity LifeStyle Properties's previous quarterly dividend of $0.48. Equity LifeStyle Properties's dividend payout ratio (DPR) is currently 105.64%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ELS shares. 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 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. Deutsche Bank Aktiengesellschaft raised 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. Royal Bank of Canada cut their price objective on shares of 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. Finally, Jefferies Financial Group raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and raised their target price for the company from $72.00 to $80.00 in a report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $73.78.

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.