QRG Capital Management Inc. Sells 1,021 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

QRG Capital Management Inc. cut its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 8.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,440 shares of the real estate investment trust’s stock after selling 1,021 shares during the period. QRG Capital Management Inc.’s holdings in Equity LifeStyle Properties were worth $695,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. National Pension Service acquired a new stake in Equity LifeStyle Properties in the 4th quarter valued at approximately $25,000. Geneos Wealth Management Inc. bought a new stake in shares of Equity LifeStyle Properties in the fourth quarter valued at approximately $30,000. Board of the Pension Protection Fund acquired a new stake in shares of Equity LifeStyle Properties in the fourth quarter worth $33,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Equity LifeStyle Properties by 43.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 171 shares during the last quarter. Finally, UMB Bank n.a. increased its position in 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 worth $60,000 after acquiring an additional 364 shares during the period. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity LifeStyle Properties Trading Down 1.3 %

Shares of ELS opened at $68.16 on Wednesday. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15. The stock has a market cap of $13.03 billion, a PE ratio of 34.96, a PEG ratio of 3.02 and a beta of 0.79. Equity LifeStyle Properties, Inc. has a 1 year low of $59.82 and a 1 year high of $76.60. The stock has a 50 day simple moving average of $66.40 and a 200-day simple moving average of $69.11.

Equity LifeStyle Properties (NYSE:ELS) last released its quarterly earnings data 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, sell-side analysts predict 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 given a $0.515 dividend. The ex-dividend date is Friday, March 28th. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. This represents a $2.06 dividend on an annualized basis and a yield of 3.02%. Equity LifeStyle Properties’s payout ratio is 105.64%.

Analyst Ratings Changes

ELS has been the topic of several research analyst reports. Truist Financial upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their target price for the stock from $66.00 to $73.00 in a research report on Tuesday, January 21st. Royal Bank of Canada cut their price target on 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. Evercore ISI decreased their price objective 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. Finally, 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 note on Tuesday, January 28th. Three research 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. According to data from MarketBeat.com, Equity LifeStyle Properties has a consensus rating of “Moderate Buy” and an average target price of $73.78.

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.