Swiss National Bank trimmed its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 500,500 shares of the real estate investment trust's stock after selling 24,100 shares during the quarter. Swiss National Bank owned about 0.26% of Equity LifeStyle Properties worth $33,333,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. National Pension Service purchased a new stake in Equity LifeStyle Properties in the fourth quarter valued at approximately $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 purchased a new stake in Equity LifeStyle Properties in the fourth quarter valued at approximately $33,000. MassMutual Private Wealth & Trust FSB grew its holdings in Equity LifeStyle Properties by 43.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 171 shares during the period. Finally, UMB Bank n.a. grew its holdings in Equity LifeStyle Properties by 68.2% in the fourth 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 period. 97.21% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the stock. Truist Financial upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Jefferies Financial Group upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $72.00 to $80.00 in a research note on Thursday, January 2nd. Royal Bank of Canada decreased their price objective on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating for the company in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $66.00 to $73.00 in a research note on Tuesday, January 21st. Finally, Robert W. Baird boosted their price objective 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. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $73.78.
Get Our Latest Report on ELS
Equity LifeStyle Properties Stock Up 0.3 %
Shares of ELS stock traded up $0.24 on Tuesday, hitting $68.51. The stock had a trading volume of 326,284 shares, compared to its average volume of 1,207,163. The firm has a market capitalization of $13.09 billion, a price-to-earnings ratio of 35.15, a P/E/G ratio of 3.02 and a beta of 0.79. The stock's 50 day moving average is $66.58 and its 200-day moving average is $68.90. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02. Equity LifeStyle Properties, Inc. has a 52-week low of $59.82 and a 52-week 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%. As a group, research analysts expect that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current year.
Equity LifeStyle Properties Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $0.515 dividend. The ex-dividend date is Friday, March 28th. This is a boost from Equity LifeStyle Properties's previous quarterly dividend of $0.48. This represents a $2.06 annualized dividend and a yield of 3.01%. Equity LifeStyle Properties's dividend payout ratio is currently 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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