Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Sold by Amundi

Amundi cut its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 256,658 shares of the real estate investment trust's stock after selling 4,496 shares during the period. Amundi owned approximately 0.13% of Equity LifeStyle Properties worth $16,875,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Townsquare Capital LLC raised its holdings in Equity LifeStyle Properties by 23.7% during the third quarter. Townsquare Capital LLC now owns 12,835 shares of the real estate investment trust's stock worth $916,000 after purchasing an additional 2,458 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Equity LifeStyle Properties in the fourth quarter valued at $380,000. Vert Asset Management LLC raised its stake in shares of 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 buying an additional 7,092 shares during the last quarter. Citigroup Inc. boosted its position in shares of Equity LifeStyle Properties by 16.7% in the 3rd quarter. Citigroup Inc. now owns 213,209 shares of the real estate investment trust's stock worth $15,210,000 after buying an additional 30,489 shares in the last quarter. Finally, Nordea Investment Management AB grew 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 valued at $1,432,000 after acquiring an additional 1,301 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

ELS has been the subject of a number of research reports. Robert W. Baird lifted their target price on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $66.00 to $73.00 in a research report on Tuesday, January 21st. Truist Financial upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Evercore ISI cut their price target on 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. Finally, Royal Bank of Canada reduced their price objective on Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating on the stock in a research report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $73.78.

Equity LifeStyle Properties Trading Up 1.9 %

Shares of NYSE:ELS traded up $1.25 during midday trading on Monday, reaching $68.30. The company's stock had a trading volume of 745,369 shares, compared to its average volume of 1,210,697. The firm has a market cap of $13.05 billion, a price-to-earnings ratio of 35.02, a price-to-earnings-growth ratio of 3.02 and a beta of 0.79. The business has a 50 day moving average price of $66.53 and a 200 day moving average price of $68.93. Equity LifeStyle Properties, Inc. has a 1 year low of $59.82 and a 1 year high of $76.60. The company has a quick ratio of 0.03, a current ratio of 0.02 and a debt-to-equity ratio of 0.15.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last posted its quarterly earnings results 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%. Research analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.

Equity LifeStyle Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a dividend of $0.515 per share. This is a positive change from Equity LifeStyle Properties's previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.06 annualized dividend and a yield of 3.02%. Equity LifeStyle Properties's dividend payout ratio is 105.64%.

Equity LifeStyle Properties Company 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.