Bank of Montreal Can Boosts Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Bank of Montreal Can grew its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 9.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 759,875 shares of the real estate investment trust's stock after acquiring an additional 66,685 shares during the quarter. Bank of Montreal Can owned about 0.40% of Equity LifeStyle Properties worth $50,608,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Jane Street Group LLC grew its holdings in shares of Equity LifeStyle Properties by 267.9% during the third quarter. Jane Street Group LLC now owns 232,698 shares of the real estate investment trust's stock valued at $16,601,000 after buying an additional 169,445 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of Equity LifeStyle Properties during the third quarter valued at $387,000. iA Global Asset Management Inc. purchased a new stake in shares of Equity LifeStyle Properties during the 3rd quarter valued at about $253,000. MML Investors Services LLC raised its holdings in shares of Equity LifeStyle Properties by 10.4% during the third quarter. MML Investors Services LLC now owns 8,202 shares of the real estate investment trust's stock valued at $585,000 after purchasing an additional 770 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its position in Equity LifeStyle Properties by 213.9% during the third quarter. Y Intercept Hong Kong Ltd now owns 18,277 shares of the real estate investment trust's stock valued at $1,304,000 after purchasing an additional 12,454 shares during the period. Hedge funds and other institutional investors own 97.21% of the company's stock.

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Equity LifeStyle Properties Trading Down 0.3 %

Equity LifeStyle Properties stock traded down $0.22 during trading hours on Tuesday, hitting $65.35. The company had a trading volume of 177,177 shares, compared to its average volume of 1,529,313. The company has a 50-day moving average price of $66.58 and a two-hundred day moving average price of $67.79. 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 1 year low of $58.86 and a 1 year high of $76.60. The firm has a market cap of $12.49 billion, a P/E ratio of 33.51, a P/E/G ratio of 3.02 and a beta of 0.72.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued its earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share 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, sell-side analysts anticipate that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity LifeStyle Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.15%. This is a positive change from Equity LifeStyle Properties's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, March 28th. Equity LifeStyle Properties's dividend payout ratio (DPR) is presently 105.64%.

Analyst Ratings Changes

Several research firms have recently commented on ELS. Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and upped their price target for the company from $66.00 to $73.00 in a research report on Tuesday, January 21st. Evercore ISI dropped their price target on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating for the company in a research report on Tuesday, January 28th. 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 report on Wednesday, January 29th. Truist Financial upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Finally, Robert W. Baird lifted their price objective on 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 analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Equity LifeStyle Properties currently has an average rating of "Moderate Buy" and a consensus target price of $74.20.

About Equity LifeStyle Properties

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.