Tredje AP fonden Lowers Stake in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Tredje AP fonden cut its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 50.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,075 shares of the real estate investment trust's stock after selling 14,074 shares during the period. Tredje AP fonden's holdings in Equity LifeStyle Properties were worth $937,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ELS. Avantax Advisory Services Inc. bought a new position in shares of Equity LifeStyle Properties during the 4th quarter valued at approximately $774,000. HighTower Advisors LLC boosted its position 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 purchasing an additional 238 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Equity LifeStyle Properties by 51.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 113,007 shares of the real estate investment trust's stock worth $7,526,000 after purchasing an additional 38,401 shares in the last quarter. OFI Invest Asset Management bought a new stake in shares of Equity LifeStyle Properties during the 4th quarter valued at $659,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Equity LifeStyle Properties by 5.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 18,644 shares of the real estate investment trust's stock valued at $1,242,000 after buying an additional 922 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company's stock.

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Analyst Upgrades and Downgrades

ELS has been the topic of a number of recent analyst reports. Evercore ISI decreased their price target on Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating on the stock in a report on Tuesday, January 28th. Jefferies Financial Group raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating and boosted their price target for the stock from $72.00 to $80.00 in a report on Thursday, January 2nd. Royal Bank of Canada cut 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 report on Wednesday, January 29th. Robert W. Baird boosted their target price on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Finally, Truist Financial raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $73.78.

Equity LifeStyle Properties Price Performance

Shares of NYSE:ELS traded up $0.09 on Wednesday, reaching $68.48. The company's stock had a trading volume of 1,218,889 shares, compared to its average volume of 1,210,008. The company has a 50-day simple moving average of $66.64 and a 200 day simple moving average of $68.87. Equity LifeStyle Properties, Inc. has a 52-week low of $59.82 and a 52-week high of $76.60. 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 $13.09 billion, a P/E ratio of 35.12, a PEG ratio of 3.02 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last released 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 return on equity of 23.12% and a net margin of 24.05%. As a group, equities research analysts anticipate that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal 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 dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Friday, March 28th. This is a positive change from Equity LifeStyle Properties's previous quarterly dividend of $0.48. Equity LifeStyle Properties's dividend payout ratio is presently 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.