OLD Mission Capital LLC Acquires Shares of 87,383 Equity LifeStyle Properties, Inc. (NYSE:ELS)

OLD Mission Capital LLC acquired a new position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 87,383 shares of the real estate investment trust's stock, valued at approximately $5,820,000.

Several other large investors also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its position in shares of 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. Norges Bank acquired a new position in Equity LifeStyle Properties in the 4th quarter valued at about $163,212,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Equity LifeStyle Properties by 592.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,626,963 shares of the real estate investment trust's stock valued at $116,068,000 after buying an additional 1,391,846 shares during the period. Quantinno Capital Management LP increased its holdings in shares of Equity LifeStyle Properties by 14,049.2% during the 3rd quarter. Quantinno Capital Management LP now owns 713,971 shares of the real estate investment trust's stock worth $50,935,000 after buying an additional 708,925 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC purchased a new stake in shares of Equity LifeStyle Properties during the 4th quarter valued at approximately $41,391,000. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

ELS has been the subject of several recent analyst reports. Evercore ISI cut their target price 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. BMO Capital Markets raised Equity LifeStyle Properties from a "market perform" rating to an "outperform" rating and set a $78.00 price objective for the company in a research report on Friday. Robert W. Baird upped their target price on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Royal Bank of Canada lowered their target price on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating for the company in a research note on Wednesday, January 29th. Finally, Truist Financial upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Three 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $74.20.

Equity LifeStyle Properties Stock Down 3.1 %

Shares of Equity LifeStyle Properties stock traded down $2.08 during trading hours on Friday, reaching $65.94. 2,318,951 shares of the company were exchanged, compared to its average volume of 1,299,360. The firm has a market cap of $12.60 billion, a PE ratio of 33.82, a PEG ratio of 3.02 and a beta of 0.72. 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. The stock's fifty day moving average is $66.98 and its 200 day moving average is $68.28.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly earnings data 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 return on equity of 23.12% and a net margin of 24.05%. As a group, equities research analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share 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. Investors of record on Friday, March 28th will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.12%. 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 is 105.64%.

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.