New Age Alpha Advisors LLC Makes New Investment in Equity LifeStyle Properties, Inc. (NYSE:ELS)

New Age Alpha Advisors LLC bought a new stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 158,675 shares of the real estate investment trust's stock, valued at approximately $10,568,000. New Age Alpha Advisors LLC owned approximately 0.08% of Equity LifeStyle Properties at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. National Pension Service purchased a new stake in Equity LifeStyle Properties during the 4th quarter worth approximately $25,000. Geneos Wealth Management Inc. acquired a new stake in shares of Equity LifeStyle Properties during the fourth quarter worth approximately $30,000. Board of the Pension Protection Fund bought a new stake in shares of Equity LifeStyle Properties in the fourth quarter worth $33,000. MassMutual Private Wealth & Trust FSB raised its holdings in Equity LifeStyle Properties by 43.5% in 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 acquiring an additional 171 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in Equity LifeStyle Properties by 68.2% during the 4th quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust's stock valued at $60,000 after acquiring an additional 364 shares during the last quarter. 97.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ELS has been the topic of several research analyst reports. Royal Bank of Canada reduced their price target on shares of 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. Truist Financial raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Evercore ISI lowered their price target on Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating for the company in a report on Tuesday, January 28th. Jefferies Financial Group upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating and raised their price objective for the stock from $72.00 to $80.00 in a research note on Thursday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and boosted their target price for the company from $66.00 to $73.00 in a research note on Tuesday, January 21st. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $73.78.

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Equity LifeStyle Properties Stock Performance

Shares of ELS traded down $0.34 during midday trading on Tuesday, hitting $66.36. 515,490 shares of the stock traded hands, compared to its average volume of 1,280,297. The business's 50 day moving average price is $66.97 and its two-hundred day moving average price is $68.47. The firm has a market capitalization of $12.68 billion, a PE ratio of 34.17, a price-to-earnings-growth ratio of 3.02 and a beta of 0.79. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02. Equity LifeStyle Properties, Inc. has a 1-year low of $59.82 and a 1-year high of $76.60.

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 (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 research analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a $0.515 dividend. This is a boost 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%.

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.