Aviva PLC Lowers Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Aviva PLC lessened its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 47.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,091 shares of the real estate investment trust’s stock after selling 6,291 shares during the quarter. Aviva PLC’s holdings in Equity LifeStyle Properties were worth $472,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB lifted its position in 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 purchasing an additional 171 shares during the last quarter. Carmel Capital Partners LLC grew its position in Equity LifeStyle Properties by 3.6% in the fourth quarter. Carmel Capital Partners LLC now owns 6,533 shares of the real estate investment trust’s stock worth $435,000 after acquiring an additional 230 shares in the last quarter. Corient Private Wealth LLC increased its stake in Equity LifeStyle Properties by 1.0% in the fourth quarter. Corient Private Wealth LLC now owns 22,861 shares of the real estate investment trust’s stock valued at $1,523,000 after acquiring an additional 230 shares during the last quarter. HighTower Advisors LLC raised its position in Equity LifeStyle Properties by 2.1% during the fourth quarter. HighTower Advisors LLC now owns 11,446 shares of the real estate investment trust’s stock valued at $762,000 after purchasing an additional 238 shares in the last quarter. Finally, iA Global Asset Management Inc. lifted its stake in Equity LifeStyle Properties by 7.2% during the fourth quarter. iA Global Asset Management Inc. now owns 3,800 shares of the real estate investment trust’s stock worth $253,000 after purchasing an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Trading Up 0.9 %

ELS opened at $64.31 on Friday. Equity LifeStyle Properties, Inc. has a one year low of $58.86 and a one year high of $76.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03. The business has a 50 day simple moving average of $66.59 and a two-hundred day simple moving average of $67.85. The firm has a market capitalization of $12.29 billion, a price-to-earnings ratio of 32.98, a PEG ratio of 3.02 and a beta of 0.72.

Equity LifeStyle Properties (NYSE:ELS) last announced its earnings results 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 return on equity of 23.12% and a net margin of 24.05%. Analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.

Equity LifeStyle Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.20%. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, March 28th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is currently 105.64%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Royal Bank of Canada reduced 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 report on Wednesday, January 29th. Jefferies Financial Group began coverage on shares of Equity LifeStyle Properties in a research report on Tuesday. They set a “buy” rating and a $80.00 price target on the stock. Truist Financial upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a report on Friday, January 17th. BMO Capital Markets raised shares of Equity LifeStyle Properties from a “market perform” rating to an “outperform” rating and set a $78.00 target price on the stock in a report on Friday, April 4th. Finally, Evercore ISI lowered their price target on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating for the company in a research note on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $74.20.

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.