Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 13.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 43,118 shares of the real estate investment trust's stock after selling 6,800 shares during the quarter. Handelsbanken Fonder AB's holdings in Equity LifeStyle Properties were worth $2,872,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Creative Planning grew its position in Equity LifeStyle Properties by 37.3% in the 3rd quarter. Creative Planning now owns 6,715 shares of the real estate investment trust's stock valued at $479,000 after acquiring an additional 1,824 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Equity LifeStyle Properties by 106.7% during the third quarter. Blue Trust Inc. now owns 1,292 shares of the real estate investment trust's stock valued at $84,000 after purchasing an additional 667 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Equity LifeStyle Properties by 119.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,204 shares of the real estate investment trust's stock worth $1,642,000 after purchasing an additional 12,651 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Equity LifeStyle Properties by 0.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 131,231 shares of the real estate investment trust's stock worth $9,360,000 after buying an additional 438 shares during the period. Finally, Financial Advocates Investment Management increased its stake in Equity LifeStyle Properties by 5.5% in the 3rd quarter. Financial Advocates Investment Management now owns 6,248 shares of the real estate investment trust's stock worth $446,000 after buying an additional 327 shares during the period. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

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Equity LifeStyle Properties Stock Up 0.4 %

Shares of ELS traded up $0.28 during trading hours on Friday, hitting $68.59. The company had a trading volume of 2,861,658 shares, compared to its average volume of 1,503,123. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $13.10 billion, a PE ratio of 35.17, a price-to-earnings-growth ratio of 3.02 and a beta of 0.79. Equity LifeStyle Properties, Inc. has a one year low of $59.82 and a one year high of $76.60. The company's fifty day moving average price is $66.33 and its two-hundred day moving average price is $69.17.

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 EPS for the quarter, hitting analysts' consensus estimates of $0.76. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. As a group, equities analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a $0.515 dividend. 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 yield of 3.00%. The ex-dividend date of this dividend is Friday, March 28th. Equity LifeStyle Properties's payout ratio is currently 105.64%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ELS shares. Truist Financial upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. Robert W. Baird increased their price objective on Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Jefferies Financial Group raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating and lifted their target price for the company from $72.00 to $80.00 in a research report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating and increased their price target for the stock from $66.00 to $73.00 in a research report on Tuesday, January 21st. Finally, Evercore ISI decreased their price objective 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. 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. According to MarketBeat, Equity LifeStyle Properties presently has an average rating of "Moderate Buy" and an average price target of $73.78.

Equity LifeStyle Properties Company 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.