Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 10,300 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 30.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,639 shares of the real estate investment trust's stock after purchasing an additional 10,300 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Equity LifeStyle Properties were worth $2,906,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Creative Planning raised its position in shares of Equity LifeStyle Properties by 37.3% during the 3rd quarter. Creative Planning now owns 6,715 shares of the real estate investment trust's stock worth $479,000 after purchasing an additional 1,824 shares during the period. Blue Trust Inc. increased its position in Equity LifeStyle Properties by 106.7% in the 3rd quarter. Blue Trust Inc. now owns 1,292 shares of the real estate investment trust's stock valued at $84,000 after acquiring an additional 667 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Equity LifeStyle Properties by 119.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,204 shares of the real estate investment trust's stock valued at $1,642,000 after purchasing an additional 12,651 shares during the period. Financial Advocates Investment Management increased its position in shares of Equity LifeStyle Properties by 5.5% during the 3rd quarter. Financial Advocates Investment Management now owns 6,248 shares of the real estate investment trust's stock valued at $446,000 after purchasing an additional 327 shares during the period. Finally, US Bancorp DE boosted its stake in shares of Equity LifeStyle Properties by 4.0% during the 3rd quarter. US Bancorp DE now owns 13,430 shares of the real estate investment trust's stock worth $958,000 after acquiring an additional 513 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms have recently weighed in on ELS. Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating and raised their price objective for the stock from $66.00 to $73.00 in a research note on Tuesday, January 21st. Robert W. Baird boosted their target price on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Truist Financial upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. Jefferies Financial Group raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating and boosted their price target for the stock from $72.00 to $80.00 in a research report on Thursday, January 2nd. Finally, Royal Bank of Canada cut 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 report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $73.78.

Equity LifeStyle Properties Price Performance

Shares of ELS stock traded up $0.28 during trading hours on Friday, hitting $68.59. The company had a trading volume of 2,861,728 shares, compared to its average volume of 1,504,111. Equity LifeStyle Properties, Inc. has a 12 month low of $59.82 and a 12 month high of $76.60. The firm has a market capitalization of $13.10 billion, a price-to-earnings ratio of 35.17, a PEG ratio of 3.02 and a beta of 0.79. The firm's fifty day moving average is $66.37 and its 200 day moving average is $69.14. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.76 EPS for the quarter, hitting analysts' consensus estimates of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. On average, sell-side 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. Shareholders 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 yield of 3.00%. 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. Equity LifeStyle Properties's dividend payout ratio (DPR) is presently 105.64%.

Equity LifeStyle Properties 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.