Proficio Capital Partners LLC Makes New Investment in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Proficio Capital Partners LLC purchased a new stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 35,653 shares of the real estate investment trust's stock, valued at approximately $2,374,000.

Several other institutional investors and hedge funds have also modified their holdings of ELS. National Pension Service purchased a new position in shares of Equity LifeStyle Properties during the 4th quarter valued at $25,000. Geneos Wealth Management Inc. purchased a new position in shares of Equity LifeStyle Properties during the 4th quarter valued at $30,000. Board of the Pension Protection Fund purchased a new position in shares of Equity LifeStyle Properties during the 4th quarter valued at $33,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Equity LifeStyle Properties by 43.5% during the 4th 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. grew its holdings in shares of 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 in the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Equity LifeStyle Properties Stock Performance

Shares of ELS traded down $0.26 during trading hours on Friday, reaching $68.47. 2,036,481 shares of the company traded hands, compared to its average volume of 1,213,855. The stock's fifty day moving average is $66.83 and its 200 day moving average is $68.84. The stock has a market cap of $13.09 billion, a P/E ratio of 35.11, 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.

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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 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 anticipate that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share 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 paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.06 dividend on an annualized basis and a yield of 3.01%. This is a boost from Equity LifeStyle Properties's previous quarterly dividend of $0.48. Equity LifeStyle Properties's payout ratio is presently 105.64%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Jefferies Financial Group upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and boosted their price target for the company from $72.00 to $80.00 in a report on Thursday, January 2nd. Evercore ISI decreased their price objective 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 upped 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. Truist Financial upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Finally, Royal Bank of Canada decreased their price objective on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating for the company in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Equity LifeStyle Properties has an average rating of "Moderate Buy" and an average 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.