Equity LifeStyle Properties, Inc. (NYSE:ELS) Stock Position Raised by Geode Capital Management LLC

Geode Capital Management LLC raised its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,887,371 shares of the real estate investment trust's stock after acquiring an additional 53,775 shares during the period. Geode Capital Management LLC owned approximately 2.03% of Equity LifeStyle Properties worth $258,536,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ELS. National Pension Service purchased a new stake in shares of Equity LifeStyle Properties during the 4th quarter worth about $25,000. Geneos Wealth Management Inc. acquired a new position in Equity LifeStyle Properties during the fourth quarter valued at approximately $30,000. Board of the Pension Protection Fund purchased a new stake in Equity LifeStyle Properties during the fourth quarter worth approximately $33,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Equity LifeStyle Properties by 43.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 171 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Equity LifeStyle Properties by 68.2% in the 4th quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust's stock valued at $60,000 after acquiring an additional 364 shares during the period. 97.21% of the stock is currently owned by institutional investors and hedge funds.

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Equity LifeStyle Properties Stock Down 2.1 %

Shares of ELS traded down $1.35 during midday trading on Thursday, hitting $62.70. The company had a trading volume of 266,171 shares, compared to its average volume of 1,292,867. The stock has a market cap of $11.98 billion, a price-to-earnings ratio of 32.25, a PEG ratio of 3.02 and a beta of 0.72. The company's 50 day moving average price is $66.63 and its 200 day moving average price is $67.97. 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, Inc. has a 52 week low of $58.86 and a 52 week high of $76.60.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share 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%. On average, equities research analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.

Equity LifeStyle Properties Increases Dividend

The company 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. This represents a $2.06 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Friday, March 28th. Equity LifeStyle Properties's dividend payout ratio is currently 105.64%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ELS shares. Royal Bank of Canada decreased their target price 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. 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 research report on Tuesday, January 21st. Evercore ISI reduced 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 report on Tuesday, January 28th. Truist Financial raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Finally, BMO Capital Markets upgraded shares of Equity LifeStyle Properties from a "market perform" rating to an "outperform" rating and set a $78.00 price objective on the stock in a report on Friday, April 4th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $74.20.

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.