LPL Financial LLC Has $3.50 Million Stock Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

LPL Financial LLC boosted its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 199.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,547 shares of the real estate investment trust's stock after purchasing an additional 34,993 shares during the quarter. LPL Financial LLC's holdings in Equity LifeStyle Properties were worth $3,500,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ELS. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Equity LifeStyle Properties by 43.5% during the 4th 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 during the period. Carmel Capital Partners LLC boosted its holdings in shares of Equity LifeStyle Properties by 3.6% in the 4th quarter. Carmel Capital Partners LLC now owns 6,533 shares of the real estate investment trust's stock valued at $435,000 after purchasing an additional 230 shares in the last quarter. Corient Private Wealth LLC increased its stake in shares of Equity LifeStyle Properties by 1.0% in the 4th quarter. Corient Private Wealth LLC now owns 22,861 shares of the real estate investment trust's stock valued at $1,523,000 after purchasing an additional 230 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Equity LifeStyle Properties by 2.1% during the 4th quarter. HighTower Advisors LLC now owns 11,446 shares of the real estate investment trust's stock worth $762,000 after buying an additional 238 shares in the last quarter. Finally, iA Global Asset Management Inc. lifted its position in shares of Equity LifeStyle Properties by 7.2% during the 4th quarter. iA Global Asset Management Inc. now owns 3,800 shares of the real estate investment trust's stock worth $253,000 after buying an additional 256 shares during the last quarter. Institutional investors own 97.21% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have commented on ELS. Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating and boosted their target price for the stock from $66.00 to $73.00 in a research note on Tuesday, January 21st. Truist Financial raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. BMO Capital Markets raised shares of Equity LifeStyle Properties from a "market perform" rating to an "outperform" rating and set a $78.00 target price on the stock in a research note on Friday, April 4th. Evercore ISI dropped their price target on Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating for the company in a research note on Tuesday, January 28th. Finally, Jefferies Financial Group started coverage on Equity LifeStyle Properties in a report on Tuesday, April 8th. They issued a "buy" rating and a $80.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $74.20.

Equity LifeStyle Properties Trading Down 0.5 %

ELS traded down $0.35 during midday trading on Wednesday, hitting $65.14. 565,910 shares of the company were exchanged, compared to its average volume of 1,526,148. The firm's 50 day moving average price is $66.56 and its 200-day moving average price is $67.77. Equity LifeStyle Properties, Inc. has a 1-year low of $58.86 and a 1-year high of $76.60. The firm has a market capitalization of $12.45 billion, a P/E ratio of 33.41, a P/E/G ratio of 3.02 and a beta of 0.72. 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 (NYSE:ELS - Get Free Report) last posted its quarterly earnings data 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 return on equity of 23.12% and a net margin of 24.05%. As a group, equities analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend was Friday, March 28th. This is an increase from Equity LifeStyle Properties's previous quarterly dividend of $0.48. Equity LifeStyle Properties's dividend payout ratio (DPR) is currently 105.64%.

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.