Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,630,189 shares of the real estate investment trust's stock after selling 19,481 shares during the quarter. Victory Capital Management Inc. owned about 2.42% of Equity LifeStyle Properties worth $308,371,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in Equity LifeStyle Properties by 172.0% during the 4th 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 acquiring an additional 3,838,809 shares during the period. JPMorgan Chase & Co. boosted its holdings in Equity LifeStyle Properties by 3.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,761,879 shares of the real estate investment trust's stock valued at $339,713,000 after acquiring an additional 147,332 shares during the period. Geode Capital Management LLC boosted its holdings in Equity LifeStyle Properties by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,833,596 shares of the real estate investment trust's stock valued at $273,014,000 after acquiring an additional 65,191 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Equity LifeStyle Properties by 4.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,553,330 shares of the real estate investment trust's stock valued at $170,052,000 after acquiring an additional 112,139 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in Equity LifeStyle Properties by 370.6% during the 3rd 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 acquiring an additional 1,834,491 shares during the period. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

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

Equity LifeStyle Properties Stock Up 1.2 %

Shares of NYSE ELS traded up $0.80 during midday trading on Friday, hitting $68.56. 1,189,914 shares of the company's stock were exchanged, compared to its average volume of 1,482,091. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03. Equity LifeStyle Properties, Inc. has a twelve month low of $59.82 and a twelve month high of $76.60. The company has a market cap of $13.10 billion, a PE ratio of 35.16, a P/E/G ratio of 3.02 and a beta of 0.79. The firm's fifty day simple moving average is $66.48 and its 200-day simple moving average is $69.07.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued its earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share 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%. Research analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders 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 dividend yield of 3.00%. 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 (DPR) is 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.