Treasurer of the State of North Carolina Purchases 6,950 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Treasurer of the State of North Carolina raised its position in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,448 shares of the real estate investment trust's stock after buying an additional 6,950 shares during the quarter. Treasurer of the State of North Carolina's holdings in Equity LifeStyle Properties were worth $6,224,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ELS. Empowered Funds LLC bought a new stake in Equity LifeStyle Properties during the 4th quarter valued at $380,000. Vert Asset Management LLC lifted its holdings in Equity LifeStyle Properties by 9.8% during the 4th quarter. Vert Asset Management LLC now owns 79,516 shares of the real estate investment trust's stock worth $5,296,000 after purchasing an additional 7,092 shares in the last quarter. Nordea Investment Management AB boosted its stake in Equity LifeStyle Properties by 6.4% in the 4th quarter. Nordea Investment Management AB now owns 21,574 shares of the real estate investment trust's stock worth $1,432,000 after purchasing an additional 1,301 shares during the period. Sanctuary Advisors LLC grew its holdings in Equity LifeStyle Properties by 95.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 32,578 shares of the real estate investment trust's stock valued at $2,311,000 after buying an additional 15,899 shares in the last quarter. Finally, Lecap Asset Management Ltd. grew its holdings in Equity LifeStyle Properties by 185.8% during the 4th quarter. Lecap Asset Management Ltd. now owns 24,882 shares of the real estate investment trust's stock valued at $1,657,000 after buying an additional 16,176 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company's stock.

Equity LifeStyle Properties Price Performance

ELS traded up $0.40 during midday trading on Friday, hitting $65.32. The stock had a trading volume of 1,430,162 shares, compared to its average volume of 1,294,020. Equity LifeStyle Properties, Inc. has a 1 year low of $58.86 and a 1 year 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 business has a fifty day moving average of $66.48 and a 200 day moving average of $67.65. The company has a market cap of $12.49 billion, a P/E ratio of 33.50, a price-to-earnings-growth ratio of 3.02 and a beta of 0.72.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last announced 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 net margin of 24.05% and a return on equity of 23.12%. As a group, equities 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 business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend was Friday, March 28th. This is a positive change from Equity LifeStyle Properties's previous quarterly dividend of $0.48. Equity LifeStyle Properties's payout ratio is 105.64%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ELS shares. BMO Capital Markets upgraded 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, April 4th. Evercore ISI cut 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 report on Tuesday, January 28th. Truist Financial raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Royal Bank of Canada dropped 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 note on Wednesday, January 29th. Finally, Robert W. Baird raised their price target on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock 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.