Teacher Retirement System of Texas Buys 6,531 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Teacher Retirement System of Texas boosted its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 63.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,800 shares of the real estate investment trust's stock after buying an additional 6,531 shares during the period. Teacher Retirement System of Texas' holdings in Equity LifeStyle Properties were worth $1,119,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. MassMutual Private Wealth & Trust FSB grew its position in shares of 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 in the last quarter. Carmel Capital Partners LLC grew its holdings in Equity LifeStyle Properties by 3.6% during the 4th quarter. Carmel Capital Partners LLC now owns 6,533 shares of the real estate investment trust's stock valued at $435,000 after buying an additional 230 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of Equity LifeStyle Properties by 1.0% during the fourth quarter. Corient Private Wealth LLC now owns 22,861 shares of the real estate investment trust's stock valued at $1,523,000 after buying an additional 230 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Equity LifeStyle Properties by 2.1% in the fourth quarter. HighTower Advisors LLC now owns 11,446 shares of the real estate investment trust's stock worth $762,000 after buying an additional 238 shares in the last quarter. Finally, Intech Investment Management LLC boosted its position in shares of Equity LifeStyle Properties by 1.8% in the fourth quarter. Intech Investment Management LLC now owns 14,241 shares of the real estate investment trust's stock valued at $948,000 after acquiring an additional 256 shares during the period. Institutional investors own 97.21% of the company's stock.

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Wall Street Analysts Forecast Growth

ELS has been the topic of a number of analyst reports. Royal Bank of Canada decreased their target price on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating on the stock in a report on Wednesday, January 29th. Robert W. Baird increased their price objective on Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Evercore ISI reduced their target price on Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating for the company in a research report on Tuesday, January 28th. Jefferies Financial Group upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating and lifted their price target for the company from $72.00 to $80.00 in a research report on Thursday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and upped their price objective for the stock from $66.00 to $73.00 in a research report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Equity LifeStyle Properties has a consensus rating of "Moderate Buy" and an average target price of $73.78.

Equity LifeStyle Properties Price Performance

Shares of NYSE ELS traded up $0.08 during trading hours on Wednesday, reaching $66.64. 1,185,865 shares of the stock traded hands, compared to its average volume of 1,284,361. The company's 50-day simple moving average is $66.97 and its two-hundred day simple moving average is $68.39. The company has a market capitalization of $12.74 billion, a P/E ratio of 34.17, a price-to-earnings-growth ratio of 3.02 and a beta of 0.72. Equity LifeStyle Properties, Inc. has a 52-week low of $59.82 and a 52-week high of $76.60. 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 quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. Equities research analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.

Equity LifeStyle Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.09%. This is a positive change from Equity LifeStyle Properties's previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 28th. Equity LifeStyle Properties's dividend payout ratio is presently 105.64%.

Equity LifeStyle Properties 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.