Vert Asset Management LLC Has $5.30 Million Stock Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Vert Asset Management LLC raised its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 9.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,516 shares of the real estate investment trust's stock after buying an additional 7,092 shares during the period. Equity LifeStyle Properties comprises about 1.8% of Vert Asset Management LLC's investment portfolio, making the stock its 21st biggest holding. Vert Asset Management LLC's holdings in Equity LifeStyle Properties were worth $5,296,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Mercer Global Advisors Inc. ADV increased its holdings in Equity LifeStyle Properties by 8.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 3,965 shares of the real estate investment trust's stock worth $270,000 after buying an additional 325 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in shares of Equity LifeStyle Properties by 4.4% in the second quarter. Public Sector Pension Investment Board now owns 17,777 shares of the real estate investment trust's stock worth $1,158,000 after buying an additional 743 shares during the last quarter. Toronto Dominion Bank grew its position in shares of Equity LifeStyle Properties by 0.9% in the second quarter. Toronto Dominion Bank now owns 16,974 shares of the real estate investment trust's stock valued at $1,106,000 after purchasing an additional 154 shares during the last quarter. AQR Capital Management LLC increased its position in Equity LifeStyle Properties by 42.7% in the 2nd quarter. AQR Capital Management LLC now owns 36,177 shares of the real estate investment trust's stock worth $2,348,000 after buying an additional 10,818 shares during the period. Finally, APG Asset Management N.V. lifted its holdings in shares of Equity LifeStyle Properties by 300.1% during the second quarter. APG Asset Management N.V. now owns 21,065 shares of the real estate investment trust's stock worth $1,280,000 after buying an additional 15,800 shares during the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ELS has been the topic of a number of research reports. UBS Group raised shares of Equity LifeStyle Properties to a "strong-buy" rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and increased their target price for the company from $66.00 to $73.00 in a research note on Tuesday, January 21st. Compass Point boosted their price target on Equity LifeStyle Properties from $70.00 to $72.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Truist Financial upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Finally, Jefferies Financial Group upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and lifted their price target for the stock from $72.00 to $80.00 in a research note on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Equity LifeStyle Properties has a consensus rating of "Moderate Buy" and an average price target of $73.90.

Equity LifeStyle Properties Trading Down 3.6 %

ELS stock traded down $2.50 during trading on Tuesday, hitting $66.82. The company had a trading volume of 954,179 shares, compared to its average volume of 1,389,350. The firm has a 50-day moving average price of $67.98 and a 200-day moving average price of $69.58. Equity LifeStyle Properties, Inc. has a 12 month low of $59.82 and a 12 month high of $76.60. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.35. The stock has a market cap of $12.77 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 3.28 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued 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 return on equity of 24.10% and a net margin of 23.97%. As a group, analysts predict that Equity LifeStyle Properties, Inc. will post 2.92 earnings per share for the current year.

Equity LifeStyle Properties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were given a $0.477 dividend. The ex-dividend date was Friday, December 27th. This represents a $1.91 annualized dividend and a dividend yield of 2.86%. Equity LifeStyle Properties's dividend payout ratio is presently 98.45%.

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.