Vestcor Inc Sells 3,885 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Vestcor Inc lessened its position in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 69.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,724 shares of the real estate investment trust's stock after selling 3,885 shares during the period. Vestcor Inc's holdings in Equity LifeStyle Properties were worth $115,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. increased its stake in shares of Equity LifeStyle Properties by 172.0% in the fourth quarter. Principal Financial Group Inc. now owns 6,070,817 shares of the real estate investment trust's stock valued at $404,319,000 after buying an additional 3,838,809 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Equity LifeStyle Properties by 370.6% in the third quarter. Daiwa Securities Group Inc. now owns 2,329,431 shares of the real estate investment trust's stock valued at $166,182,000 after buying an additional 1,834,491 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Equity LifeStyle Properties by 592.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,626,963 shares of the real estate investment trust's stock valued at $116,068,000 after buying an additional 1,391,846 shares during the period. Caprock Group LLC acquired a new stake in shares of Equity LifeStyle Properties in the third quarter valued at about $54,866,000. Finally, Quantinno Capital Management LP increased its stake in shares of Equity LifeStyle Properties by 14,049.2% in the third quarter. Quantinno Capital Management LP now owns 713,971 shares of the real estate investment trust's stock valued at $50,935,000 after buying an additional 708,925 shares during the period. Institutional investors and hedge funds own 97.21% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Evercore ISI decreased their price target on Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating for the company in a research note on Tuesday, January 28th. Royal Bank of Canada decreased their price target on 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. Truist Financial upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Robert W. Baird upped their target price on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating and upped their target price for the company from $66.00 to $73.00 in a research report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $73.78.

Equity LifeStyle Properties Stock Down 0.4 %

NYSE:ELS traded down $0.26 on Friday, hitting $68.47. The stock had a trading volume of 2,036,481 shares, compared to its average volume of 1,213,855. The business's fifty day moving average is $66.83 and its 200 day moving average is $68.84. The company has a market cap of $13.09 billion, a PE ratio of 35.11, a P/E/G ratio of 3.02 and a beta of 0.79. 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, 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 announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (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%. On average, equities research analysts expect that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a $0.515 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.06 annualized dividend and a yield of 3.01%. 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%.

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.