O Shaughnessy Asset Management LLC Has $1.92 Million Stock Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

O Shaughnessy Asset Management LLC lifted its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 102.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,831 shares of the real estate investment trust's stock after purchasing an additional 14,620 shares during the period. O Shaughnessy Asset Management LLC's holdings in Equity LifeStyle Properties were worth $1,920,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Equity LifeStyle Properties by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 25,053,845 shares of the real estate investment trust's stock valued at $1,668,586,000 after acquiring an additional 388,888 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Equity LifeStyle Properties by 172.0% in the fourth quarter. Principal Financial Group Inc. now owns 6,070,817 shares of the real estate investment trust's stock valued at $404,319,000 after acquiring an additional 3,838,809 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Equity LifeStyle Properties by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 4,761,879 shares of the real estate investment trust's stock worth $339,713,000 after purchasing an additional 147,332 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Equity LifeStyle Properties by 1.7% during the third quarter. Geode Capital Management LLC now owns 3,833,596 shares of the real estate investment trust's stock worth $273,014,000 after purchasing an additional 65,191 shares in the last quarter. Finally, Boston Partners boosted its position in shares of Equity LifeStyle Properties by 7.0% during the fourth quarter. Boston Partners now owns 2,971,493 shares of the real estate investment trust's stock worth $197,896,000 after purchasing an additional 193,927 shares in the last quarter. 97.21% of the stock is owned by institutional investors.

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Equity LifeStyle Properties Stock Down 1.4 %

ELS stock traded down $0.89 during midday trading on Thursday, hitting $63.16. The company's stock had a trading volume of 206,204 shares, compared to its average volume of 1,292,689. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03. Equity LifeStyle Properties, Inc. has a twelve month low of $58.86 and a twelve month high of $76.60. The company's fifty day moving average price is $66.63 and its 200 day moving average price is $67.97. The stock has a market capitalization of $12.07 billion, a P/E ratio of 32.40, a PEG ratio of 3.02 and a beta of 0.72.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 research analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.

Equity LifeStyle Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a $0.515 dividend. This is a positive change from Equity LifeStyle Properties's previous quarterly dividend of $0.48. This represents a $2.06 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Friday, March 28th. Equity LifeStyle Properties's payout ratio is presently 105.64%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ELS. Robert W. Baird lifted their price target on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. BMO Capital Markets raised shares of Equity LifeStyle Properties from a "market perform" rating to an "outperform" rating and set a $78.00 price target on the stock in a research report on Friday, April 4th. Truist Financial raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Jefferies Financial Group began coverage on shares of Equity LifeStyle Properties in a research report on Tuesday. They set a "buy" rating and a $80.00 price target on the stock. Finally, 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. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $74.20.

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.