Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Sold by Elevation Wealth Partners LLC

Elevation Wealth Partners LLC lessened its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 1.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,798 shares of the real estate investment trust’s stock after selling 292 shares during the period. Elevation Wealth Partners LLC’s holdings in Equity LifeStyle Properties were worth $1,252,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Geneos Wealth Management Inc. purchased a new stake in shares of Equity LifeStyle Properties in the fourth quarter worth about $30,000. Board of the Pension Protection Fund acquired a new position in Equity LifeStyle Properties in the fourth quarter valued at approximately $33,000. UMB Bank n.a. boosted its position in Equity LifeStyle Properties by 356.4% in the 3rd quarter. UMB Bank n.a. now owns 534 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 417 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of 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 purchasing an additional 171 shares during the period. Finally, V Square Quantitative Management LLC grew its stake in shares of Equity LifeStyle Properties by 31.3% during the 3rd quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 146 shares during the period. 97.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Robert W. Baird increased 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. Jefferies Financial Group raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and increased their target price for the stock from $72.00 to $80.00 in a research note on Thursday, January 2nd. 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 research note on Wednesday, January 29th. Compass Point increased their price target on Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and raised their price objective for the company from $66.00 to $73.00 in a report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Equity LifeStyle Properties currently has a consensus rating of “Moderate Buy” and an average target price of $73.78.

Equity LifeStyle Properties Price Performance

NYSE:ELS opened at $66.27 on Monday. The stock has a 50 day moving average of $66.98 and a two-hundred day moving average of $69.47. Equity LifeStyle Properties, Inc. has a 12 month low of $59.82 and a 12 month high of $76.60. The firm has a market cap of $12.66 billion, a P/E ratio of 33.98, a price-to-earnings-growth ratio of 2.82 and a beta of 0.79. 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 (NYSE:ELS) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.76 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, analysts expect that Equity LifeStyle Properties, Inc. will post 3.1 earnings per share for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The firm also recently declared 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. 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 3.11%. The ex-dividend date of this dividend is Friday, March 28th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is currently 97.95%.

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.