Mitsubishi UFJ Trust & Banking Corp Sells 23,604 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Mitsubishi UFJ Trust & Banking Corp cut its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,179 shares of the real estate investment trust's stock after selling 23,604 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.10% of Equity LifeStyle Properties worth $12,599,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its position 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 valued at $38,000 after purchasing an additional 171 shares in the last quarter. Carmel Capital Partners LLC boosted its holdings in Equity LifeStyle Properties by 3.6% during the fourth quarter. Carmel Capital Partners LLC now owns 6,533 shares of the real estate investment trust's stock worth $435,000 after buying an additional 230 shares in the last quarter. Corient Private Wealth LLC grew its position in Equity LifeStyle Properties by 1.0% in the fourth quarter. Corient Private Wealth LLC now owns 22,861 shares of the real estate investment trust's stock worth $1,523,000 after buying an additional 230 shares during the last quarter. HighTower Advisors LLC grew its position in Equity LifeStyle Properties by 2.1% in the fourth 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 during the last quarter. Finally, iA Global Asset Management Inc. increased its holdings in shares of Equity LifeStyle Properties by 7.2% in the fourth quarter. iA Global Asset Management Inc. now owns 3,800 shares of the real estate investment trust's stock valued at $253,000 after buying an additional 256 shares in the last quarter. Institutional investors own 97.21% of the company's stock.

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Wall Street Analysts Forecast Growth

ELS has been the topic of a number of recent research reports. 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 report on Wednesday, January 29th. Jefferies Financial Group upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $72.00 to $80.00 in a report on Thursday, January 2nd. Evercore ISI dropped their target price on shares of 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. Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and upped their price target for the company from $66.00 to $73.00 in a research report on Tuesday, January 21st. Finally, Truist Financial upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Three investment 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $73.78.

Equity LifeStyle Properties Stock Up 0.2 %

ELS traded up $0.13 during midday trading on Wednesday, hitting $66.69. 202,296 shares of the company's stock traded hands, compared to its average volume of 1,474,062. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03. The company has a market cap of $12.75 billion, a PE ratio of 34.20, a price-to-earnings-growth ratio of 3.02 and a beta of 0.72. The stock's fifty day simple moving average is $66.96 and its 200-day simple moving average is $68.41. Equity LifeStyle Properties, Inc. has a one year low of $59.82 and a one year high of $76.60.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last released 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 net margin of 24.05% and a return on equity of 23.12%. As a group, equities analysts anticipate that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.09%. This is an increase from Equity LifeStyle Properties's previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 28th. Equity LifeStyle Properties's dividend payout ratio (DPR) is presently 105.64%.

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.