Cibc World Markets Corp Raises Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Cibc World Markets Corp increased its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 6.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,633 shares of the real estate investment trust's stock after purchasing an additional 4,017 shares during the period. Cibc World Markets Corp's holdings in Equity LifeStyle Properties were worth $4,238,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ELS. National Pension Service purchased a new stake in shares of Equity LifeStyle Properties in the fourth quarter valued at about $25,000. Geneos Wealth Management Inc. purchased a new stake in Equity LifeStyle Properties during the 4th quarter valued at approximately $30,000. Board of the Pension Protection Fund acquired a new stake in Equity LifeStyle Properties during the 4th quarter worth approximately $33,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of 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 valued at $38,000 after purchasing an additional 171 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of 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 valued at $60,000 after purchasing an additional 364 shares during the period. 97.21% of the stock is owned by hedge funds and other institutional investors.

Equity LifeStyle Properties Price Performance

Shares of ELS stock traded down $0.47 during midday trading on Monday, reaching $68.01. 997,468 shares of the company traded hands, compared to its average volume of 1,215,148. The firm's 50 day simple moving average is $66.83 and its two-hundred day simple moving average is $68.79. The firm has a market cap of $13.00 billion, a PE ratio of 34.87, 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 1-year low of $59.82 and a 1-year high of $76.60.

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Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) 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, equities research analysts expect that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a $0.515 dividend. The ex-dividend date is Friday, March 28th. This is a positive change from Equity LifeStyle Properties's previous quarterly dividend of $0.48. This represents a $2.06 annualized dividend and a dividend yield of 3.03%. Equity LifeStyle Properties's payout ratio is currently 105.64%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ELS shares. Evercore ISI decreased their price target 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. Truist Financial upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. 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 note on Tuesday, January 21st. Jefferies Financial Group upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and raised their price objective for the company from $72.00 to $80.00 in a research report on Thursday, January 2nd. Finally, Robert W. Baird boosted their target price on Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. 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. According to MarketBeat, Equity LifeStyle Properties currently has a consensus rating of "Moderate Buy" and an average price target of $73.78.

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.