Horizon Kinetics Asset Management LLC Cuts Stock Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Horizon Kinetics Asset Management LLC trimmed its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 6.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,935 shares of the real estate investment trust's stock after selling 7,722 shares during the quarter. Horizon Kinetics Asset Management LLC owned 0.05% of Equity LifeStyle Properties worth $6,989,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. National Pension Service acquired a new position in shares of Equity LifeStyle Properties during the fourth quarter worth about $25,000. Geneos Wealth Management Inc. acquired a new stake in Equity LifeStyle Properties in the fourth quarter valued at approximately $30,000. Board of the Pension Protection Fund acquired a new position in Equity LifeStyle Properties during the 4th quarter worth approximately $33,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Equity LifeStyle Properties by 43.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 171 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings 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 purchasing an additional 364 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company's stock.

Equity LifeStyle Properties Stock Performance

ELS stock traded down $0.26 on Friday, hitting $68.47. The company's stock had a trading volume of 2,036,481 shares, compared to its average volume of 1,215,918. The stock has a market cap of $13.09 billion, a price-to-earnings ratio of 35.11, a price-to-earnings-growth ratio of 3.02 and a beta of 0.79. The firm has a 50 day moving average of $66.75 and a two-hundred day moving average of $68.87. 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, Inc. has a 1 year low of $59.82 and a 1 year high of $76.60.

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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, meeting analysts' consensus estimates of $0.76. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. Equities analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $0.515 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.01%. This is a positive change from Equity LifeStyle Properties's previous quarterly dividend of $0.48. Equity LifeStyle Properties's payout ratio is presently 105.64%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ELS. Deutsche Bank Aktiengesellschaft raised 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 report on Tuesday, January 21st. Jefferies Financial Group raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating and raised their target price for the stock from $72.00 to $80.00 in a research report on Thursday, January 2nd. Royal Bank of Canada lowered their price target on Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating for the company 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. Finally, Robert W. Baird upped their target price on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Equity LifeStyle Properties has an average rating of "Moderate Buy" and a consensus target price of $73.78.

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.