19,515 Shares in Equity LifeStyle Properties, Inc. (NYSE:ELS) Acquired by Savvy Advisors Inc.

Savvy Advisors Inc. bought a new position in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 19,515 shares of the real estate investment trust's stock, valued at approximately $1,300,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC acquired a new position in shares of Equity LifeStyle Properties in the 4th quarter valued at approximately $380,000. Vert Asset Management LLC raised its holdings in shares of Equity LifeStyle Properties by 9.8% during the fourth quarter. Vert Asset Management LLC now owns 79,516 shares of the real estate investment trust's stock worth $5,296,000 after acquiring an additional 7,092 shares during the period. Nordea Investment Management AB increased its holdings in Equity LifeStyle Properties by 6.4% during the 4th 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 grew its holdings in shares of Equity LifeStyle Properties by 95.3% during the third quarter. Sanctuary Advisors LLC now owns 32,578 shares of the real estate investment trust's stock worth $2,311,000 after buying an additional 15,899 shares in the last quarter. Finally, Lecap Asset Management Ltd. lifted its position 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 in the last quarter. 97.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on ELS. Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and increased their price target for the company from $66.00 to $73.00 in a research note on Tuesday, January 21st. Robert W. Baird lifted their price target on Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Evercore ISI dropped their price objective on Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating on the stock 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 target price on the stock in a report on Friday, April 4th. Finally, Truist Financial raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Equity LifeStyle Properties has an average rating of "Moderate Buy" and a consensus target price of $74.20.

Equity LifeStyle Properties Price Performance

Shares of NYSE ELS traded up $0.40 during midday trading on Friday, reaching $65.32. The company's stock had a trading volume of 1,430,162 shares, compared to its average volume of 1,294,910. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02. The company has a market cap of $12.49 billion, a P/E ratio of 33.50, a P/E/G ratio of 3.02 and a beta of 0.72. The business's 50 day moving average price is $66.51 and its two-hundred day moving average price is $67.71. Equity LifeStyle Properties, Inc. has a fifty-two week low of $58.86 and a fifty-two week high of $76.60.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last released its earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. On average, analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a $0.515 dividend. 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 3.15%. This is a positive change from Equity LifeStyle Properties's previous quarterly dividend of $0.48. Equity LifeStyle Properties's dividend payout ratio (DPR) is currently 105.64%.

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.