Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its position in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 4.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 402,570 shares of the real estate investment trust’s stock after purchasing an additional 17,728 shares during the period. Asset Management One Co. Ltd.’s holdings in Equity LifeStyle Properties were worth $26,811,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. acquired a new stake in Equity LifeStyle Properties in the fourth quarter valued at $30,000. Board of the Pension Protection Fund acquired a new stake in shares of Equity LifeStyle Properties during the fourth quarter valued at $33,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Equity LifeStyle Properties by 43.5% during 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 acquiring an additional 171 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in shares of Equity LifeStyle Properties by 31.3% during the third quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 146 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Equity LifeStyle Properties by 68.2% during the fourth quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 364 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on ELS. Royal Bank of Canada decreased their price objective on Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and increased their price objective for the company from $66.00 to $73.00 in a research note on Tuesday, January 21st. Jefferies Financial Group raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and increased their price objective for the company from $72.00 to $80.00 in a research note on Thursday, January 2nd. Truist Financial raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Finally, Robert W. Baird increased 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. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.78.

Equity LifeStyle Properties Stock Performance

NYSE ELS opened at $65.47 on Friday. The business’s 50-day moving average price is $66.62 and its 200 day moving average price is $69.42. 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 capitalization of $12.51 billion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 2.82 and a beta of 0.79. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15.

Equity LifeStyle Properties (NYSE:ELS) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 EPS for the quarter, hitting analysts’ consensus estimates of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. On average, research analysts predict that Equity LifeStyle Properties, Inc. will post 3.1 earnings per share for the current year.

Equity LifeStyle Properties Increases Dividend

The business also recently announced 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 is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. This represents a $2.06 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Friday, March 28th. Equity LifeStyle Properties’s dividend payout ratio (DPR) 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.