Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 41.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 103,600 shares of the real estate investment trust's stock after buying an additional 30,252 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.05% of Equity LifeStyle Properties worth $6,900,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. National Pension Service purchased a new position in shares of Equity LifeStyle Properties during the 4th quarter worth approximately $25,000. Geneos Wealth Management Inc. purchased a new position in Equity LifeStyle Properties during the fourth quarter worth $30,000. Board of the Pension Protection Fund acquired a new position in shares of Equity LifeStyle Properties in the fourth quarter worth $33,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Equity LifeStyle Properties by 43.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust's stock valued at $38,000 after acquiring 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 4th quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust's stock worth $60,000 after purchasing an additional 364 shares in the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

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Equity LifeStyle Properties Stock Down 2.1 %

Equity LifeStyle Properties stock traded down $1.44 during trading on Thursday, reaching $65.74. 2,822,166 shares of the company's stock were exchanged, compared to its average volume of 1,228,377. The company's 50-day moving average is $66.98 and its two-hundred day moving average is $68.70. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02. Equity LifeStyle Properties, Inc. has a 52-week low of $59.82 and a 52-week high of $76.60. The firm has a market cap of $12.57 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 3.02 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) 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%. On average, analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share 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. Investors of record on Friday, March 28th will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.13%. This is a positive change from Equity LifeStyle Properties's previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 28th. Equity LifeStyle Properties's dividend payout ratio (DPR) is presently 105.64%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ELS shares. Robert W. Baird boosted their price objective on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Royal Bank of Canada lowered their price objective 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. Evercore ISI decreased their price target on Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating on the stock in a research note on Tuesday, January 28th. Jefferies Financial Group raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and upped their price objective for the company from $72.00 to $80.00 in a research note on Thursday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and raised their target price for the stock from $66.00 to $73.00 in a research report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $73.78.

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.