Swiss National Bank lessened its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 500,500 shares of the real estate investment trust's stock after selling 24,100 shares during the quarter. Swiss National Bank owned approximately 0.26% of Equity LifeStyle Properties worth $33,333,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. National Pension Service acquired a new position in shares of Equity LifeStyle Properties during the 4th quarter valued at about $25,000. Geneos Wealth Management Inc. purchased a new stake in Equity LifeStyle Properties in the fourth quarter valued at approximately $30,000. Board of the Pension Protection Fund acquired a new position in Equity LifeStyle Properties during the fourth quarter worth approximately $33,000. MassMutual Private Wealth & Trust FSB raised its stake in Equity LifeStyle Properties by 43.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 171 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of Equity LifeStyle Properties by 68.2% in the 4th quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust's stock valued at $60,000 after purchasing an additional 364 shares during the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
ELS has been the topic of a number of research analyst reports. Robert W. Baird lifted their target price on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Jefferies Financial Group raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and increased their target price for the stock from $72.00 to $80.00 in a research report on Thursday, January 2nd. Evercore ISI reduced 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. Truist Financial raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and lifted their target price for the company from $66.00 to $73.00 in a report on Tuesday, January 21st. 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 company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $73.78.
View Our Latest Research Report on Equity LifeStyle Properties
Equity LifeStyle Properties Stock Up 1.9 %
ELS stock traded up $1.25 during midday trading on Monday, hitting $68.30. 745,369 shares of the company's stock were exchanged, compared to its average volume of 1,207,716. The stock has a market capitalization of $13.05 billion, a price-to-earnings ratio of 35.02, a price-to-earnings-growth ratio of 3.02 and a beta of 0.79. 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 firm has a 50 day moving average price of $66.58 and a 200-day moving average price of $68.90. Equity LifeStyle Properties, Inc. has a 12-month low of $59.82 and a 12-month high of $76.60.
Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last posted its quarterly earnings results 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%. On average, analysts anticipate that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.
Equity LifeStyle Properties Increases Dividend
The company also recently declared 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. This represents a $2.06 dividend on an annualized basis and a yield of 3.02%. This is an increase from Equity LifeStyle Properties's previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 28th. Equity LifeStyle Properties's dividend payout ratio (DPR) is 105.64%.
Equity LifeStyle Properties Company Profile
(
Free Report)
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.
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