KLP Kapitalforvaltning AS Invests $4.07 Million in Equity LifeStyle Properties, Inc. (NYSE:ELS)

KLP Kapitalforvaltning AS acquired a new stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 60,800 shares of the real estate investment trust's stock, valued at approximately $4,074,000.

A number of other institutional investors have also made changes to their positions in ELS. National Pension Service bought a new position in Equity LifeStyle Properties in the 4th quarter worth $25,000. Geneos Wealth Management Inc. bought a new position in shares of Equity LifeStyle Properties in the fourth quarter worth about $30,000. Board of the Pension Protection Fund bought a new stake in Equity LifeStyle Properties during the 4th quarter valued at approximately $33,000. MassMutual Private Wealth & Trust FSB grew its holdings in 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 buying an additional 171 shares during the last quarter. Finally, UMB Bank n.a. increased its position in 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 worth $60,000 after buying an additional 364 shares during the period. 97.21% of the stock is owned by institutional investors.

Equity LifeStyle Properties Price Performance

Shares of ELS stock traded up $0.63 during trading hours on Friday, hitting $66.39. The company had a trading volume of 2,027,999 shares, compared to its average volume of 1,281,633. Equity LifeStyle Properties, Inc. has a 12 month low of $59.82 and a 12 month 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's fifty day moving average is $66.97 and its 200 day moving average is $68.53. The firm has a market capitalization of $12.69 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 3.02 and a beta of 0.79.

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Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly 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, sell-side analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 EPS 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. Investors of record on Friday, March 28th will be issued a dividend of $0.515 per share. This is an increase from Equity LifeStyle Properties's previous quarterly dividend of $0.48. This represents a $2.06 annualized dividend and a yield of 3.10%. The ex-dividend date is Friday, March 28th. Equity LifeStyle Properties's dividend payout ratio (DPR) is currently 105.64%.

Analysts Set New Price Targets

Several research firms have recently weighed in on ELS. Deutsche Bank Aktiengesellschaft raised 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. Truist Financial upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Jefferies Financial Group raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and upped their price objective for the company from $72.00 to $80.00 in a research report on Thursday, January 2nd. Royal Bank of Canada decreased their target price on Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating on the stock in a research report on Wednesday, January 29th. Finally, Robert W. Baird upped their price target on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Three investment 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 stock. According to data from MarketBeat, Equity LifeStyle Properties has an average rating of "Moderate Buy" and a consensus target price 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.