Farther Finance Advisors LLC cut its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 96.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 807 shares of the real estate investment trust's stock after selling 20,334 shares during the quarter. Farther Finance Advisors LLC's holdings in Equity LifeStyle Properties were worth $54,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the stock. HighTower Advisors LLC lifted its holdings in shares of Equity LifeStyle Properties by 2.1% in the fourth quarter. HighTower Advisors LLC now owns 11,446 shares of the real estate investment trust's stock worth $762,000 after buying an additional 238 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Equity LifeStyle Properties by 51.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 113,007 shares of the real estate investment trust's stock worth $7,526,000 after acquiring an additional 38,401 shares during the period. OFI Invest Asset Management purchased a new stake in Equity LifeStyle Properties in the 4th quarter worth approximately $659,000. PNC Financial Services Group Inc. boosted its holdings in Equity LifeStyle Properties by 5.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 18,644 shares of the real estate investment trust's stock valued at $1,242,000 after purchasing an additional 922 shares during the period. Finally, Callan Family Office LLC purchased a new position in shares of Equity LifeStyle Properties during the 4th quarter valued at $268,000. Institutional investors own 97.21% of the company's stock.
Equity LifeStyle Properties Price Performance
Shares of ELS stock traded down $1.44 during trading hours on Thursday, hitting $65.74. 2,822,166 shares of the company's stock were exchanged, compared to its average volume of 1,228,377. Equity LifeStyle Properties, Inc. has a 12-month low of $59.82 and a 12-month high of $76.60. The company has a market capitalization of $12.57 billion, a PE ratio of 33.71, a PEG ratio of 3.02 and a beta of 0.79. The business's 50 day simple moving average is $66.98 and its 200-day simple moving average is $68.70. The company has a current ratio of 0.02, a quick ratio of 0.03 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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. On average, equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Friday, March 28th. This is a positive change from Equity LifeStyle Properties's previous quarterly dividend of $0.48. Equity LifeStyle Properties's dividend payout ratio is 105.64%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating and increased their price objective for the stock from $66.00 to $73.00 in a research report on Tuesday, January 21st. Evercore ISI lowered their price target 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. Robert W. Baird lifted their price target on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Truist Financial upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Finally, Jefferies Financial Group raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and raised their target price for the company from $72.00 to $80.00 in a research note on Thursday, January 2nd. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Equity LifeStyle Properties has an average rating of "Moderate Buy" and an average price target of $73.78.
Get Our Latest Analysis on ELS
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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