Thrivent Financial for Lutherans Sells 20,082 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Thrivent Financial for Lutherans trimmed its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 30.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,953 shares of the real estate investment trust's stock after selling 20,082 shares during the period. Thrivent Financial for Lutherans' holdings in Equity LifeStyle Properties were worth $2,994,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Signaturefd LLC lifted its holdings in Equity LifeStyle Properties by 32.9% in the 4th quarter. Signaturefd LLC now owns 1,854 shares of the real estate investment trust's stock worth $123,000 after purchasing an additional 459 shares in the last quarter. Cibc World Markets Corp lifted its holdings in shares of Equity LifeStyle Properties by 6.7% in the fourth quarter. Cibc World Markets Corp now owns 63,633 shares of the real estate investment trust's stock worth $4,238,000 after buying an additional 4,017 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of Equity LifeStyle Properties by 1.0% during the fourth quarter. Corient Private Wealth LLC now owns 22,861 shares of the real estate investment trust's stock worth $1,523,000 after acquiring an additional 230 shares during the last quarter. Natixis Advisors LLC grew its stake in Equity LifeStyle Properties by 10.3% during the fourth quarter. Natixis Advisors LLC now owns 29,427 shares of the real estate investment trust's stock valued at $1,960,000 after acquiring an additional 2,751 shares in the last quarter. Finally, Fore Capital LLC bought a new stake in Equity LifeStyle Properties in the 4th quarter valued at $1,332,000. Institutional investors own 97.21% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts have commented on ELS shares. Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and increased their price objective for the company from $66.00 to $73.00 in a report on Tuesday, January 21st. 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. Jefferies Financial Group raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating and upped their price objective for the stock from $72.00 to $80.00 in a report on Thursday, January 2nd. Royal Bank of Canada cut their target price on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating for the company in a report on Wednesday, January 29th. Finally, Truist Financial upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. 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 company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $73.78.

Equity LifeStyle Properties Trading Up 1.0 %

Shares of Equity LifeStyle Properties stock traded up $0.63 during trading on Friday, hitting $66.39. The stock had a trading volume of 2,027,999 shares, compared to its average volume of 1,281,633. The stock has a market cap of $12.69 billion, a PE ratio of 34.04, a PEG ratio of 3.02 and a beta of 0.79. Equity LifeStyle Properties, Inc. has a 12 month low of $59.82 and a 12 month high of $76.60. The firm's fifty day simple moving average is $66.97 and its 200-day simple moving average is $68.53. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last announced its earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (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%. As a group, sell-side analysts expect that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a $0.515 dividend. 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 dividend on an annualized basis and a yield of 3.10%. Equity LifeStyle Properties's dividend payout ratio (DPR) is presently 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.