Easterly Investment Partners LLC Purchases 62,913 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Easterly Investment Partners LLC increased its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 29.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 277,146 shares of the real estate investment trust's stock after buying an additional 62,913 shares during the quarter. Equity LifeStyle Properties accounts for approximately 1.5% of Easterly Investment Partners LLC's holdings, making the stock its 9th biggest position. Easterly Investment Partners LLC owned approximately 0.15% of Equity LifeStyle Properties worth $18,458,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. National Pension Service acquired a new stake in Equity LifeStyle Properties during the fourth quarter valued at $25,000. Geneos Wealth Management Inc. bought a new stake in Equity LifeStyle Properties in the fourth quarter worth $30,000. Board of the Pension Protection Fund acquired a new position in Equity LifeStyle Properties during the fourth quarter worth $33,000. MassMutual Private Wealth & Trust FSB increased its position in 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 during the last quarter. Finally, UMB Bank n.a. raised its holdings 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 valued at $60,000 after buying an additional 364 shares in the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

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Equity LifeStyle Properties Stock Performance

NYSE ELS traded down $0.14 during midday trading on Monday, hitting $66.30. The company had a trading volume of 424,373 shares, compared to its average volume of 1,278,369. The firm has a fifty day simple moving average of $66.97 and a two-hundred day simple moving average of $68.53. Equity LifeStyle Properties, Inc. has a fifty-two week low of $59.82 and a fifty-two week 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 stock has a market cap of $12.67 billion, a price-to-earnings ratio of 33.98, 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 earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share for the quarter, meeting the consensus estimate of $0.76. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. Equities analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share 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. Stockholders 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 dividend yield of 3.11%. This is an increase from Equity LifeStyle Properties's previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 28th. Equity LifeStyle Properties's dividend payout ratio (DPR) is presently 105.64%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Jefferies Financial Group upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating and upped their price target for the stock from $72.00 to $80.00 in a research note on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating and upped their target price for the stock from $66.00 to $73.00 in a research report on Tuesday, January 21st. Robert W. Baird lifted their price target 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 decreased 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 report on Wednesday, January 29th. Finally, Truist Financial upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.