Equity LifeStyle Properties, Inc. (NYSE:ELS) Stock Holdings Trimmed by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. decreased its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,244,631 shares of the real estate investment trust's stock after selling 84,800 shares during the quarter. Daiwa Securities Group Inc. owned approximately 1.17% of Equity LifeStyle Properties worth $149,493,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. QRG Capital Management Inc. grew its holdings in Equity LifeStyle Properties by 23.0% in the third quarter. QRG Capital Management Inc. now owns 11,461 shares of the real estate investment trust's stock valued at $818,000 after purchasing an additional 2,145 shares during the period. Assetmark Inc. boosted its holdings in shares of Equity LifeStyle Properties by 105.6% in the 3rd quarter. Assetmark Inc. now owns 15,279 shares of the real estate investment trust's stock valued at $1,090,000 after purchasing an additional 7,847 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of Equity LifeStyle Properties by 8.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 13,775 shares of the real estate investment trust's stock valued at $983,000 after purchasing an additional 1,121 shares during the last quarter. Catalytic Wealth RIA LLC grew its stake in shares of Equity LifeStyle Properties by 66.2% during the 3rd quarter. Catalytic Wealth RIA LLC now owns 5,541 shares of the real estate investment trust's stock valued at $395,000 after buying an additional 2,208 shares during the period. Finally, Versor Investments LP acquired a new stake in shares of Equity LifeStyle Properties during the 3rd quarter worth $938,000. Institutional investors and hedge funds own 97.21% of the company's stock.

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Equity LifeStyle Properties Stock Down 1.2 %

Shares of ELS traded down $0.81 during mid-day trading on Thursday, reaching $65.98. 1,109,094 shares of the stock traded hands, compared to its average volume of 1,216,504. The stock has a fifty day simple moving average of $66.56 and a 200 day simple moving average of $69.00. Equity LifeStyle Properties, Inc. has a 12-month low of $59.82 and a 12-month high of $76.60. The company has a quick ratio of 0.03, a current ratio of 0.02 and a debt-to-equity ratio of 0.15. The firm has a market cap of $12.61 billion, a price-to-earnings ratio of 33.84, 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 results 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 net margin of 24.05% and a return on equity of 23.12%. Sell-side 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 declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $0.515 dividend. The ex-dividend date is Friday, March 28th. This represents a $2.06 dividend on an annualized basis and a yield of 3.12%. This is an increase from Equity LifeStyle Properties's previous quarterly dividend of $0.48. Equity LifeStyle Properties's dividend payout ratio is currently 105.64%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating and lifted their target price for the company from $66.00 to $73.00 in a report on Tuesday, January 21st. Jefferies Financial Group raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating and lifted their price objective for the company from $72.00 to $80.00 in a research note on Thursday, January 2nd. 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 for the company in a research report on Wednesday, January 29th. Truist Financial upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Finally, Robert W. Baird boosted their price objective on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price 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.