Corebridge Financial Inc. trimmed its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 216,161 shares of the real estate investment trust's stock after selling 4,388 shares during the period. Corebridge Financial Inc. owned approximately 0.11% of Equity LifeStyle Properties worth $14,396,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. National Pension Service bought a new stake in shares of Equity LifeStyle Properties during the 4th quarter worth about $25,000. Geneos Wealth Management Inc. acquired a new position in Equity LifeStyle Properties in the fourth quarter worth approximately $30,000. Board of the Pension Protection Fund acquired a new position in shares of Equity LifeStyle Properties in the 4th quarter worth $33,000. MassMutual Private Wealth & Trust FSB raised its holdings in Equity LifeStyle Properties by 43.5% during the 4th 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 during the period. Finally, UMB Bank n.a. lifted its position in shares of Equity LifeStyle Properties by 68.2% in the 4th quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust's stock valued at $60,000 after acquiring an additional 364 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors.
Equity LifeStyle Properties Stock Performance
ELS stock traded up $0.63 during midday trading on Friday, hitting $66.39. The stock had a trading volume of 2,027,999 shares, compared to its average volume of 1,281,633. Equity LifeStyle Properties, Inc. has a 52 week low of $59.82 and a 52 week 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 stock has a 50-day simple moving average of $66.97 and a 200 day simple moving average of $68.53. The firm has a market capitalization of $12.69 billion, a price-to-earnings ratio of 34.04, a P/E/G 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 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%. As a group, equities research analysts anticipate that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current year.
Equity LifeStyle Properties Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $0.515 dividend. 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 3.10%. The ex-dividend date of this dividend is Friday, March 28th. Equity LifeStyle Properties's dividend payout ratio is currently 105.64%.
Wall Street Analyst Weigh In
A number of brokerages have commented on ELS. Jefferies Financial Group upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating and raised their price objective for the stock from $72.00 to $80.00 in a research report on Thursday, January 2nd. Evercore ISI lowered their price objective on 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. Truist Financial raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. 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 research report on Tuesday, January 28th. Finally, Royal Bank of Canada dropped their target price on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating on the stock in a research report on Wednesday, January 29th. Three 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 company presently has an average rating of "Moderate Buy" and a consensus target price of $73.78.
Get Our Latest Research Report on Equity LifeStyle Properties
About Equity LifeStyle Properties
(
Free Report)
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.
Further Reading
Before you consider Equity LifeStyle Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Equity LifeStyle Properties wasn't on the list.
While Equity LifeStyle Properties currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for April 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
