Fore Capital LLC acquired a new position in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,000 shares of the real estate investment trust's stock, valued at approximately $1,332,000. Equity LifeStyle Properties comprises 0.5% of Fore Capital LLC's investment portfolio, making the stock its 29th biggest holding.
Other large investors also recently modified their holdings of the company. Assetmark Inc. raised its holdings in shares of Equity LifeStyle Properties by 105.6% in the third quarter. Assetmark Inc. now owns 15,279 shares of the real estate investment trust's stock valued at $1,090,000 after purchasing an additional 7,847 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in Equity LifeStyle Properties by 8.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 13,775 shares of the real estate investment trust's stock valued at $983,000 after buying an additional 1,121 shares during the last quarter. Versor Investments LP bought a new position in shares of Equity LifeStyle Properties during the 3rd quarter worth approximately $938,000. GSA Capital Partners LLP purchased a new position in shares of Equity LifeStyle Properties in the 3rd quarter worth approximately $1,563,000. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Equity LifeStyle Properties in the third quarter valued at approximately $2,429,000. Institutional investors own 97.21% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently commented on ELS. Royal Bank of Canada dropped their price target on Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating on the stock in a report on Wednesday, January 29th. Truist Financial raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Robert W. Baird raised their price objective on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Evercore ISI dropped their target price on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating on the stock in a research note on Tuesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and increased their target price for the company from $66.00 to $73.00 in a research report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Equity LifeStyle Properties currently has an average rating of "Moderate Buy" and a consensus price target of $73.78.
Get Our Latest Report on Equity LifeStyle Properties
Equity LifeStyle Properties Stock Performance
ELS traded up $1.25 on Monday, hitting $68.30. The company's stock had a trading volume of 745,369 shares, compared to its average volume of 1,207,716. 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 cap of $13.05 billion, a P/E ratio of 35.02, a price-to-earnings-growth ratio of 3.02 and a beta of 0.79. The company has a quick ratio of 0.03, a current ratio of 0.02 and a debt-to-equity ratio of 0.15. The company's 50 day simple moving average is $66.53 and its 200-day simple moving average is $68.93.
Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. 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. Stockholders of record on Friday, March 28th will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, March 28th. This is a boost from Equity LifeStyle Properties's previous quarterly dividend of $0.48. This represents a $2.06 annualized dividend and a dividend yield of 3.02%. Equity LifeStyle Properties's dividend payout ratio is currently 105.64%.
Equity LifeStyle Properties Profile
(
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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