Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 34.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 788,703 shares of the real estate investment trust's stock after selling 409,061 shares during the period. Russell Investments Group Ltd. owned approximately 0.41% of Equity LifeStyle Properties worth $52,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in shares of Equity LifeStyle Properties by 2.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 363,238 shares of the real estate investment trust's stock worth $24,192,000 after purchasing an additional 7,518 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Equity LifeStyle Properties by 31.1% during the fourth quarter. Wells Fargo & Company MN now owns 84,332 shares of the real estate investment trust's stock valued at $5,617,000 after acquiring an additional 20,011 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of Equity LifeStyle Properties during the fourth quarter valued at about $6,866,000. Centersquare Investment Management LLC raised its stake in shares of Equity LifeStyle Properties by 0.6% in the 4th quarter. Centersquare Investment Management LLC now owns 108,687 shares of the real estate investment trust's stock valued at $7,239,000 after acquiring an additional 657 shares during the period. Finally, ExodusPoint Capital Management LP lifted its holdings in shares of Equity LifeStyle Properties by 442.8% in the 4th quarter. ExodusPoint Capital Management LP now owns 310,334 shares of the real estate investment trust's stock worth $20,668,000 after acquiring an additional 253,161 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company's stock.

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Equity LifeStyle Properties Stock Up 0.9 %

NYSE ELS traded up $0.57 on Friday, hitting $64.31. 1,163,695 shares of the stock were exchanged, compared to its average volume of 1,296,759. Equity LifeStyle Properties, Inc. has a fifty-two week low of $58.86 and a fifty-two week high of $76.60. The company has a 50-day moving average price of $66.59 and a 200-day moving average price of $67.85. The company has a market cap of $12.29 billion, a PE ratio of 32.98, 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 posted 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%. Sell-side analysts anticipate that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $2.06 dividend on an annualized basis and a yield of 3.20%. This is a boost from Equity LifeStyle Properties's previous quarterly dividend of $0.48. Equity LifeStyle Properties's dividend payout ratio (DPR) is presently 105.64%.

Analysts Set New Price Targets

ELS has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating and boosted their target price for the company from $66.00 to $73.00 in a research report on Tuesday, January 21st. Evercore ISI cut their price objective on Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating on the stock in a report on Tuesday, January 28th. Royal Bank of Canada lowered their target price on 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. Robert W. Baird boosted their price target on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Finally, Jefferies Financial Group assumed coverage on shares of Equity LifeStyle Properties in a research report on Tuesday. They set a "buy" rating and a $80.00 price target on the stock. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $74.20.

Equity LifeStyle Properties Company 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.