ExodusPoint Capital Management LP boosted its position in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 442.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 310,334 shares of the real estate investment trust's stock after purchasing an additional 253,161 shares during the quarter. ExodusPoint Capital Management LP owned approximately 0.16% of Equity LifeStyle Properties worth $20,668,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. National Pension Service bought a new position in shares of Equity LifeStyle Properties in the 4th quarter worth about $25,000. Geneos Wealth Management Inc. bought a new stake in shares of Equity LifeStyle Properties in the 4th quarter worth approximately $30,000. Board of the Pension Protection Fund bought a new position in shares of Equity LifeStyle Properties during the fourth quarter valued at $33,000. MassMutual Private Wealth & Trust FSB boosted its stake in Equity LifeStyle Properties by 43.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 171 shares in the last quarter. Finally, UMB Bank n.a. increased its stake 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 purchasing an additional 364 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Royal Bank of Canada reduced their price objective on 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 research report on Friday, January 17th. BMO Capital Markets raised shares of Equity LifeStyle Properties from a "market perform" rating to an "outperform" rating and set a $78.00 price objective for the company in a research report on Friday. Evercore ISI decreased their target price on Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating on the stock in a report on Tuesday, January 28th. Finally, 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 research report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Equity LifeStyle Properties has an average rating of "Moderate Buy" and an average target price of $74.20.
Check Out Our Latest Stock Analysis on ELS
Equity LifeStyle Properties Price Performance
Shares of ELS stock traded up $0.13 during mid-day trading on Tuesday, hitting $63.47. The company had a trading volume of 429,427 shares, compared to its average volume of 1,299,786. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03. The company has a market capitalization of $12.13 billion, a P/E ratio of 32.43, a P/E/G ratio of 3.02 and a beta of 0.72. Equity LifeStyle Properties, Inc. has a 52-week low of $59.82 and a 52-week high of $76.60. The stock's 50 day moving average price is $66.86 and its 200-day moving average price is $68.17.
Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) 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%. Equities research analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current year.
Equity LifeStyle Properties Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.515 per share. The ex-dividend date is Friday, March 28th. This is a positive change from Equity LifeStyle Properties's previous quarterly dividend of $0.48. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.25%. Equity LifeStyle Properties's dividend payout ratio (DPR) is 105.64%.
Equity LifeStyle Properties Profile
(
Free Report)
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.
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