Qtron Investments LLC Buys Shares of 5,395 Equity LifeStyle Properties, Inc. (NYSE:ELS)

Qtron Investments LLC bought a new position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,395 shares of the real estate investment trust's stock, valued at approximately $359,000.

Other large investors also recently bought and sold shares of the company. Empowered Funds LLC acquired a new position in shares of Equity LifeStyle Properties during the fourth quarter worth about $380,000. Vert Asset Management LLC lifted its position in shares of Equity LifeStyle Properties by 9.8% during the 4th quarter. Vert Asset Management LLC now owns 79,516 shares of the real estate investment trust's stock worth $5,296,000 after purchasing an additional 7,092 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Equity LifeStyle Properties by 6.4% during the fourth quarter. Nordea Investment Management AB now owns 21,574 shares of the real estate investment trust's stock worth $1,432,000 after purchasing an additional 1,301 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in Equity LifeStyle Properties by 95.3% in the third quarter. Sanctuary Advisors LLC now owns 32,578 shares of the real estate investment trust's stock valued at $2,311,000 after buying an additional 15,899 shares during the last quarter. Finally, Lecap Asset Management Ltd. lifted its holdings in Equity LifeStyle Properties by 185.8% during the 4th quarter. Lecap Asset Management Ltd. now owns 24,882 shares of the real estate investment trust's stock worth $1,657,000 after buying an additional 16,176 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company's stock.

Equity LifeStyle Properties Stock Performance

ELS traded up $0.40 on Friday, hitting $65.32. 1,430,162 shares of the company traded hands, compared to its average volume of 1,294,910. The company has a 50 day moving average of $66.51 and a 200-day moving average of $67.71. Equity LifeStyle Properties, Inc. has a 12-month low of $58.86 and a 12-month high of $76.60. The stock has a market capitalization of $12.49 billion, a PE ratio of 33.50, a PEG ratio of 3.02 and a beta of 0.72. The company has a quick ratio of 0.03, a current ratio of 0.02 and a debt-to-equity ratio of 0.15.

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 net margin of 24.05% and a return on equity of 23.12%. Sell-side analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a dividend of $0.515 per share. This is a boost from Equity LifeStyle Properties's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, March 28th. This represents a $2.06 annualized dividend and a yield of 3.15%. Equity LifeStyle Properties's payout ratio is presently 105.64%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada cut their target price on 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. Truist Financial raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a report on Friday, January 17th. BMO Capital Markets upgraded shares of 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, April 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and lifted their price target for the stock from $66.00 to $73.00 in a research note on Tuesday, January 21st. Finally, Jefferies Financial Group initiated coverage on shares of Equity LifeStyle Properties in a research report on Tuesday, April 8th. They issued a "buy" rating and a $80.00 price target for the company. Three equities 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. Based on data from MarketBeat.com, Equity LifeStyle Properties has a consensus rating of "Moderate Buy" and an average price target of $74.20.

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.