Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN increased its position in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 31.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 84,332 shares of the real estate investment trust's stock after acquiring an additional 20,011 shares during the quarter. Wells Fargo & Company MN's holdings in Equity LifeStyle Properties were worth $5,617,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. National Pension Service bought a new stake in shares of Equity LifeStyle Properties during the 4th quarter valued at about $25,000. Geneos Wealth Management Inc. bought a new stake in Equity LifeStyle Properties in the 4th quarter worth $30,000. Board of the Pension Protection Fund bought a new stake in shares of Equity LifeStyle Properties during the 4th quarter valued at about $33,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of 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 valued at $38,000 after purchasing an additional 171 shares in the last quarter. Finally, UMB Bank n.a. lifted 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 valued at $60,000 after acquiring an additional 364 shares during the period. Hedge funds and other institutional investors own 97.21% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on ELS. 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. Evercore ISI cut their target price 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. Truist Financial upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and boosted their target price for the company from $66.00 to $73.00 in a research report on Tuesday, January 21st. Finally, Jefferies Financial Group began coverage on shares of Equity LifeStyle Properties in a research report on Tuesday, April 8th. They set a "buy" rating and a $80.00 target price for the company. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $74.10.

Equity LifeStyle Properties Trading Up 1.1 %

NYSE ELS traded up $0.67 during trading hours on Thursday, hitting $63.45. 125,447 shares of the company were exchanged, compared to its average volume of 1,296,359. 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 $12.13 billion, a PE ratio of 32.56, a price-to-earnings-growth ratio of 3.02 and a beta of 0.72. The stock has a 50-day moving average price of $66.33 and a 200 day moving average price of $67.56. Equity LifeStyle Properties, Inc. has a 52 week low of $58.86 and a 52 week high of $76.60.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.83. The firm had revenue of $327.21 million during the quarter, compared to analyst estimates of $391.34 million. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. During the same quarter in the previous year, the business earned $0.59 earnings per share. 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 was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a $0.515 dividend. This is an increase from Equity LifeStyle Properties's previous quarterly dividend of $0.48. The ex-dividend date was Friday, March 28th. This represents a $2.06 dividend on an annualized basis and a yield of 3.25%. Equity LifeStyle Properties's payout ratio is 106.74%.

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.