Alliancebernstein L.P. Grows Stock Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Alliancebernstein L.P. boosted its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 295,620 shares of the real estate investment trust’s stock after buying an additional 1,754 shares during the quarter. Alliancebernstein L.P.’s holdings in Equity LifeStyle Properties were worth $19,688,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ELS. Wellington Management Group LLP increased its holdings in shares of Equity LifeStyle Properties by 5.9% in the 4th quarter. Wellington Management Group LLP now owns 12,054 shares of the real estate investment trust’s stock valued at $803,000 after acquiring an additional 673 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in Equity LifeStyle Properties by 102.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 28,831 shares of the real estate investment trust’s stock valued at $1,920,000 after purchasing an additional 14,620 shares during the last quarter. California Public Employees Retirement System increased its stake in Equity LifeStyle Properties by 3.0% in the fourth quarter. California Public Employees Retirement System now owns 831,267 shares of the real estate investment trust’s stock valued at $55,362,000 after purchasing an additional 24,244 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Equity LifeStyle Properties by 13.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 715,181 shares of the real estate investment trust’s stock worth $47,631,000 after purchasing an additional 83,903 shares in the last quarter. Finally, DnB Asset Management AS lifted its position in shares of Equity LifeStyle Properties by 5.8% during the 4th quarter. DnB Asset Management AS now owns 29,785 shares of the real estate investment trust’s stock worth $1,984,000 after buying an additional 1,630 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ELS has been the topic of several research reports. Evercore ISI dropped 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 target price on Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 29th. BMO Capital Markets raised Equity LifeStyle Properties from a “market perform” rating to an “outperform” rating and set a $78.00 price target on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and boosted their price objective for the company from $66.00 to $73.00 in a research note on Tuesday, January 21st. Finally, Truist Financial upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $74.20.

Equity LifeStyle Properties Trading Down 4.2 %

NYSE ELS opened at $63.29 on Tuesday. The stock has a market cap of $12.10 billion, a P/E ratio of 32.46, a PEG ratio of 3.02 and a beta of 0.72. The company’s fifty day simple moving average is $66.86 and its 200-day simple moving average is $68.17. 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, Inc. has a 52 week low of $59.82 and a 52 week high of $76.60.

Equity LifeStyle Properties (NYSE:ELS) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 EPS for the quarter, meeting analysts’ consensus estimates of $0.76. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. Equities research 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 disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a $0.515 dividend. The ex-dividend date of this dividend is Friday, March 28th. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. This represents a $2.06 annualized dividend and a yield of 3.25%. Equity LifeStyle Properties’s dividend payout ratio (DPR) is currently 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.