New Age Alpha Advisors LLC Buys Shares of 158,675 Equity LifeStyle Properties, Inc. (NYSE:ELS)

New Age Alpha Advisors LLC purchased a new position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) in the fourth quarter, HoldingsChannel reports. The firm purchased 158,675 shares of the real estate investment trust’s stock, valued at approximately $10,568,000.

Other institutional investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its stake in Equity LifeStyle Properties by 43.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 171 shares during the last quarter. Carmel Capital Partners LLC increased its stake in Equity LifeStyle Properties by 3.6% in the 4th quarter. Carmel Capital Partners LLC now owns 6,533 shares of the real estate investment trust’s stock valued at $435,000 after buying an additional 230 shares during the period. Corient Private Wealth LLC raised its position in Equity LifeStyle Properties by 1.0% during the 4th quarter. Corient Private Wealth LLC now owns 22,861 shares of the real estate investment trust’s stock worth $1,523,000 after buying an additional 230 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Equity LifeStyle Properties by 2.1% in the fourth quarter. HighTower Advisors LLC now owns 11,446 shares of the real estate investment trust’s stock valued at $762,000 after acquiring an additional 238 shares in the last quarter. Finally, Intech Investment Management LLC increased its stake in shares of Equity LifeStyle Properties by 1.8% during the fourth quarter. Intech Investment Management LLC now owns 14,241 shares of the real estate investment trust’s stock worth $948,000 after acquiring an additional 256 shares during the period. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Equity LifeStyle Properties Stock Down 2.1 %

Shares of NYSE:ELS opened at $65.74 on Friday. Equity LifeStyle Properties, Inc. has a 52-week low of $59.82 and a 52-week high of $76.60. The company has a quick ratio of 0.03, a current ratio of 0.02 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $12.57 billion, a price-to-earnings ratio of 33.71, a price-to-earnings-growth ratio of 3.02 and a beta of 0.79. The company has a 50 day moving average of $66.97 and a two-hundred day moving average of $68.68.

Equity LifeStyle Properties (NYSE:ELS) last announced its quarterly earnings data 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 net margin of 24.05% and a return on equity of 23.12%. As a group, analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.06 dividend on an annualized basis and a yield of 3.13%. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. Equity LifeStyle Properties’s payout ratio is currently 105.64%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Evercore ISI lowered 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. Royal Bank of Canada decreased their price objective on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and raised their price target for the stock from $66.00 to $73.00 in a research report on Tuesday, January 21st. Jefferies Financial Group upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and raised their target price for the stock from $72.00 to $80.00 in a research report on Thursday, January 2nd. Finally, Truist Financial upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $73.78.

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.