Pring Turner Capital Group Inc. Increases Stock Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Pring Turner Capital Group Inc. grew its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 6.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 68,942 shares of the real estate investment trust's stock after buying an additional 4,208 shares during the period. Equity LifeStyle Properties accounts for approximately 3.1% of Pring Turner Capital Group Inc.'s portfolio, making the stock its 12th largest position. Pring Turner Capital Group Inc.'s holdings in Equity LifeStyle Properties were worth $4,592,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ELS. Principal Financial Group Inc. lifted its stake in shares of Equity LifeStyle Properties by 172.0% in the 4th quarter. Principal Financial Group Inc. now owns 6,070,817 shares of the real estate investment trust's stock worth $404,319,000 after acquiring an additional 3,838,809 shares during the period. JPMorgan Chase & Co. lifted its position in Equity LifeStyle Properties by 3.2% in the third quarter. JPMorgan Chase & Co. now owns 4,761,879 shares of the real estate investment trust's stock valued at $339,713,000 after purchasing an additional 147,332 shares during the period. Victory Capital Management Inc. boosted its holdings in Equity LifeStyle Properties by 0.9% in 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 purchasing an additional 39,864 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Equity LifeStyle Properties by 1.7% in 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 purchasing an additional 65,191 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Equity LifeStyle Properties by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,441,191 shares of the real estate investment trust's stock worth $174,155,000 after purchasing an additional 87,609 shares during the period. Institutional investors and hedge funds own 97.21% of the company's stock.

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Equity LifeStyle Properties Price Performance

Shares of NYSE ELS traded up $0.28 on Friday, hitting $68.59. The company's stock had a trading volume of 2,861,728 shares, compared to its average volume of 1,504,111. 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 stock has a 50 day moving average of $66.33 and a 200-day moving average of $69.17. Equity LifeStyle Properties, Inc. has a 12-month low of $59.82 and a 12-month high of $76.60. The company has a market capitalization of $13.10 billion, a price-to-earnings ratio of 35.17, a price-to-earnings-growth ratio of 3.02 and a beta of 0.79.

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 analysts' consensus estimates of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. As a group, research analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.

Equity LifeStyle Properties Increases Dividend

The company 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 dividend of $0.515 per share. This is a boost from Equity LifeStyle Properties's previous quarterly dividend of $0.48. This represents a $2.06 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend is Friday, March 28th. Equity LifeStyle Properties's dividend payout ratio (DPR) is currently 105.64%.

Wall Street Analysts Forecast Growth

ELS has been the topic of a number of analyst reports. Truist Financial upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. Jefferies Financial Group upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and boosted their target price for the stock from $72.00 to $80.00 in a research report on Thursday, January 2nd. Evercore ISI cut their price target on shares of 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. Robert W. Baird boosted their price objective on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and upped their target price for the stock from $66.00 to $73.00 in a research report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $73.78.

About Equity LifeStyle Properties

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.