Nomura Asset Management Co. Ltd. grew its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 301,289 shares of the real estate investment trust's stock after buying an additional 20,290 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.16% of Equity LifeStyle Properties worth $20,066,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of the stock. National Pension Service bought a new position in Equity LifeStyle Properties during the 4th quarter worth approximately $25,000. Geneos Wealth Management Inc. acquired a new position in shares of Equity LifeStyle Properties in the 4th quarter valued at $30,000. Board of the Pension Protection Fund bought a new stake in shares of Equity LifeStyle Properties in the 4th quarter valued at $33,000. MassMutual Private Wealth & Trust FSB raised its stake in 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 worth $38,000 after buying an additional 171 shares during the period. Finally, UMB Bank n.a. lifted 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 worth $60,000 after acquiring an additional 364 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.
Equity LifeStyle Properties Stock Up 2.7 %
ELS traded up $1.77 on Thursday, hitting $68.43. 619,623 shares of the company were exchanged, compared to its average volume of 1,282,486. The stock's fifty day moving average is $66.97 and its 200-day moving average is $68.39. Equity LifeStyle Properties, Inc. has a 12 month low of $59.82 and a 12 month high of $76.60. 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 company has a market cap of $13.08 billion, a PE ratio of 35.09, a PEG ratio of 3.02 and a beta of 0.72.
Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. Equities research analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 EPS 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. Stockholders of record on Friday, March 28th will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date is Friday, March 28th. This is an increase from Equity LifeStyle Properties's previous quarterly dividend of $0.48. Equity LifeStyle Properties's dividend payout ratio (DPR) is 105.64%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on ELS shares. Robert W. Baird raised their price target on Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Truist Financial raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. Evercore ISI lowered their price objective 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. Jefferies Financial Group raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and boosted their price objective for the company from $72.00 to $80.00 in a research report on Thursday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating and lifted their price target for the company from $66.00 to $73.00 in a research note on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $73.78.
Read Our Latest Report on Equity LifeStyle Properties
About Equity LifeStyle Properties
(
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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