Sei Investments Co. Sells 33,445 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Sei Investments Co. trimmed its position in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 2.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,189,467 shares of the real estate investment trust's stock after selling 33,445 shares during the period. Sei Investments Co. owned about 0.62% of Equity LifeStyle Properties worth $79,219,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in ELS. Principal Financial Group Inc. boosted its holdings in Equity LifeStyle Properties by 172.0% in the fourth quarter. Principal Financial Group Inc. now owns 6,070,817 shares of the real estate investment trust's stock valued at $404,319,000 after acquiring an additional 3,838,809 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of Equity LifeStyle Properties by 370.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 2,329,431 shares of the real estate investment trust's stock worth $166,182,000 after buying an additional 1,834,491 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Equity LifeStyle Properties by 592.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,626,963 shares of the real estate investment trust's stock worth $116,068,000 after buying an additional 1,391,846 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in Equity LifeStyle Properties by 14,049.2% in the third quarter. Quantinno Capital Management LP now owns 713,971 shares of the real estate investment trust's stock valued at $50,935,000 after buying an additional 708,925 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC acquired a new position in Equity LifeStyle Properties in the fourth quarter valued at approximately $41,391,000. 97.21% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several analysts have commented on ELS shares. Royal Bank of Canada dropped their target price on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating for the company in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating and upped their price objective for the company from $66.00 to $73.00 in a report on Tuesday, January 21st. Robert W. Baird raised their target price on 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 raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. Finally, Evercore ISI cut their price target on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating on the stock in a research report on Tuesday, January 28th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $73.78.

Equity LifeStyle Properties Stock Down 2.1 %

Shares of ELS stock traded down $1.44 during trading hours on Thursday, hitting $65.74. 2,822,166 shares of the company were exchanged, compared to its average volume of 1,228,377. Equity LifeStyle Properties, Inc. has a 52 week low of $59.82 and a 52 week high of $76.60. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average of $66.97 and a two-hundred day moving average of $68.68. The company has a market capitalization of $12.57 billion, a PE ratio of 33.71, a PEG ratio of 3.02 and a beta of 0.79.

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 analysts' consensus estimates of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. 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 disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $0.515 dividend. The ex-dividend date of this dividend is Friday, March 28th. This is an increase from Equity LifeStyle Properties's previous quarterly dividend of $0.48. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.13%. Equity LifeStyle Properties's dividend payout ratio (DPR) is 105.64%.

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.