California Public Employees Retirement System Has $55.36 Million Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

California Public Employees Retirement System lifted its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 831,267 shares of the real estate investment trust's stock after buying an additional 24,244 shares during the period. California Public Employees Retirement System owned about 0.44% of Equity LifeStyle Properties worth $55,362,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Equity LifeStyle Properties by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 25,053,845 shares of the real estate investment trust's stock worth $1,668,586,000 after acquiring an additional 388,888 shares during the period. Principal Financial Group Inc. lifted its position in Equity LifeStyle Properties by 172.0% in the fourth quarter. Principal Financial Group Inc. now owns 6,070,817 shares of the real estate investment trust's stock worth $404,319,000 after purchasing an additional 3,838,809 shares during the period. JPMorgan Chase & Co. boosted its stake in Equity LifeStyle Properties by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 4,761,879 shares of the real estate investment trust's stock worth $339,713,000 after buying an additional 147,332 shares in the last quarter. Geode Capital Management LLC boosted its stake in Equity LifeStyle Properties by 1.7% during the third quarter. Geode Capital Management LLC now owns 3,833,596 shares of the real estate investment trust's stock worth $273,014,000 after buying an additional 65,191 shares in the last quarter. Finally, Boston Partners increased its holdings in Equity LifeStyle Properties by 7.0% in the 4th quarter. Boston Partners now owns 2,971,493 shares of the real estate investment trust's stock valued at $197,896,000 after buying an additional 193,927 shares during the period. 97.21% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

ELS has been the topic of several recent research reports. 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 raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating and lifted their price objective for the company from $66.00 to $73.00 in a report on Tuesday, January 21st. Robert W. Baird upped their price objective on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. BMO Capital Markets upgraded Equity LifeStyle Properties from a "market perform" rating to an "outperform" rating and set a $78.00 target price for the company in a research report on Friday. Finally, Royal Bank of Canada decreased their price target on Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating on the stock in a research note on Wednesday, January 29th. Three 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $74.20.

Equity LifeStyle Properties Price Performance

Equity LifeStyle Properties stock traded down $2.08 on Friday, reaching $65.94. The company's stock had a trading volume of 2,318,951 shares, compared to its average volume of 1,299,360. Equity LifeStyle Properties, Inc. has a twelve month low of $59.82 and a twelve month high of $76.60. The company has a market cap of $12.60 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 3.02 and a beta of 0.72. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02. The business's fifty day moving average price is $66.98 and its 200 day moving average price is $68.25.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued 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%. Equities analysts expect that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.515 per share. This is an increase from Equity LifeStyle Properties's previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 28th. This represents a $2.06 annualized dividend and a yield of 3.12%. Equity LifeStyle Properties's dividend payout ratio is currently 105.64%.

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.