OFI Invest Asset Management Invests $659,000 in Equity LifeStyle Properties, Inc. (NYSE:ELS)

OFI Invest Asset Management purchased a new stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 10,241 shares of the real estate investment trust's stock, valued at approximately $659,000.

A number of other large investors have also added to or reduced their stakes in ELS. Principal Financial Group Inc. boosted its stake in Equity LifeStyle Properties by 172.0% during the 4th 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 stake in Equity LifeStyle Properties by 3.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,761,879 shares of the real estate investment trust's stock valued at $339,713,000 after acquiring an additional 147,332 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Equity LifeStyle Properties by 0.9% during the 3rd quarter. Victory Capital Management Inc. now owns 4,649,670 shares of the real estate investment trust's stock valued at $331,707,000 after acquiring an additional 39,864 shares during the last quarter. Geode Capital Management LLC boosted its stake in Equity LifeStyle Properties by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,833,596 shares of the real estate investment trust's stock valued at $273,014,000 after acquiring an additional 65,191 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Equity LifeStyle Properties by 4.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,553,330 shares of the real estate investment trust's stock valued at $170,052,000 after acquiring an additional 112,139 shares during the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

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Equity LifeStyle Properties Price Performance

Shares of ELS traded down $0.81 during trading hours on Thursday, hitting $65.98. 1,109,094 shares of the company were exchanged, compared to its average volume of 1,216,504. 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 capitalization of $12.61 billion, a PE ratio of 33.84, a PEG ratio of 3.02 and a beta of 0.79. The firm has a fifty day simple moving average of $66.56 and a 200-day simple moving average of $69.00. 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 announced its earnings results on Monday, January 27th. The real estate investment trust reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. As a group, sell-side analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity LifeStyle Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a $0.515 dividend. This is an increase from Equity LifeStyle Properties's previous quarterly dividend of $0.48. This represents a $2.06 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Friday, March 28th. Equity LifeStyle Properties's dividend payout ratio (DPR) is 105.64%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ELS shares. Royal Bank of Canada reduced their price objective on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating on the stock in a research note on Wednesday, January 29th. Robert W. Baird increased their price objective on Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Jefferies Financial Group upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and boosted their price target for the stock from $72.00 to $80.00 in a research report on Thursday, January 2nd. Truist Financial raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $66.00 to $73.00 in a research note on Tuesday, January 21st. Three investment 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $73.78.

Equity LifeStyle Properties 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.