Callan Family Office LLC Invests $268,000 in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Callan Family Office LLC acquired a new stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 4,026 shares of the real estate investment trust’s stock, valued at approximately $268,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ELS. Assetmark Inc. boosted its stake in shares of Equity LifeStyle Properties by 105.6% during the third quarter. Assetmark Inc. now owns 15,279 shares of the real estate investment trust’s stock valued at $1,090,000 after purchasing an additional 7,847 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in Equity LifeStyle Properties by 8.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 13,775 shares of the real estate investment trust’s stock worth $983,000 after buying an additional 1,121 shares during the period. Catalytic Wealth RIA LLC boosted its position in Equity LifeStyle Properties by 66.2% during the 3rd quarter. Catalytic Wealth RIA LLC now owns 5,541 shares of the real estate investment trust’s stock worth $395,000 after buying an additional 2,208 shares during the period. Versor Investments LP bought a new stake in Equity LifeStyle Properties during the 3rd quarter worth approximately $938,000. Finally, GSA Capital Partners LLP acquired a new position in Equity LifeStyle Properties in the 3rd quarter valued at approximately $1,563,000. Institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Price Performance

Shares of ELS opened at $68.63 on Tuesday. The firm has a market cap of $13.12 billion, a PE ratio of 35.19, a price-to-earnings-growth ratio of 3.02 and a beta of 0.79. Equity LifeStyle Properties, Inc. has a 52-week low of $59.82 and a 52-week high of $76.60. The business’s 50 day moving average price is $66.48 and its two-hundred day moving average price is $69.04. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02.

Equity LifeStyle Properties (NYSE:ELS) last released its earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (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%. On average, equities analysts anticipate that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.

Equity LifeStyle Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid 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 dividend yield of 3.00%. Equity LifeStyle Properties’s dividend payout ratio (DPR) is currently 105.64%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Robert W. Baird lifted their price target on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Truist Financial upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Royal Bank of Canada lowered their price objective 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. Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and upped their target price for the company from $66.00 to $73.00 in a report on Tuesday, January 21st. 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 report on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.