JPMorgan Chase & Co. trimmed its position in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 21.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,734,957 shares of the real estate investment trust's stock after selling 1,026,922 shares during the period. JPMorgan Chase & Co. owned 1.95% of Equity LifeStyle Properties worth $248,748,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in ELS. National Pension Service bought a new position in shares of Equity LifeStyle Properties during the fourth quarter valued at approximately $25,000. Geneos Wealth Management Inc. bought a new position in Equity LifeStyle Properties during the 4th quarter valued at approximately $30,000. Board of the Pension Protection Fund bought a new position in Equity LifeStyle Properties during the 4th quarter valued at approximately $33,000. MassMutual Private Wealth & Trust FSB raised its stake in Equity LifeStyle Properties by 43.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 171 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in Equity LifeStyle Properties by 68.2% in the fourth quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust's stock worth $60,000 after acquiring an additional 364 shares in the last quarter. Institutional investors own 97.21% of the company's stock.
Equity LifeStyle Properties Stock Performance
Shares of NYSE ELS traded down $2.08 during midday trading on Friday, hitting $65.94. 2,318,951 shares of the stock traded hands, compared to its average volume of 1,299,360. The firm has a market capitalization of $12.60 billion, a P/E ratio of 33.82, a PEG ratio of 3.02 and a beta of 0.72. Equity LifeStyle Properties, Inc. has a one year low of $59.82 and a one year high of $76.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02. The firm has a 50-day moving average of $66.98 and a two-hundred day moving average of $68.28.
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 for the quarter, meeting 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, equities analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.
Equity LifeStyle Properties Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Friday, March 28th. This is a boost from Equity LifeStyle Properties's previous quarterly dividend of $0.48. Equity LifeStyle Properties's dividend payout ratio (DPR) is currently 105.64%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on ELS shares. Truist Financial raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and upped their target price for the stock from $66.00 to $73.00 in a research note on Tuesday, January 21st. Royal Bank of Canada decreased their price objective on shares of 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. Evercore ISI lowered their price objective on 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. Finally, Robert W. Baird lifted their target price on Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.20.
Check Out Our Latest Research Report on ELS
About Equity LifeStyle Properties
(
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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