Equity LifeStyle Properties, Inc. (NYSE:ELS) Stock Position Reduced by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lessened its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,700 shares of the real estate investment trust’s stock after selling 1,584 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Equity LifeStyle Properties were worth $3,710,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. National Pension Service acquired a new position in Equity LifeStyle Properties in the fourth quarter valued at approximately $25,000. Geneos Wealth Management Inc. bought a new stake in Equity LifeStyle Properties during the 4th quarter valued at $30,000. Board of the Pension Protection Fund bought a new position in shares of Equity LifeStyle Properties in the fourth quarter worth $33,000. MassMutual Private Wealth & Trust FSB grew its position in Equity LifeStyle Properties by 43.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 171 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of Equity LifeStyle Properties by 68.2% during the 4th quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 364 shares in the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ELS has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and upped their target price for the stock from $66.00 to $73.00 in a research report on Tuesday, January 21st. Robert W. Baird raised their target price 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 raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Royal Bank of Canada dropped their price target on Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 29th. Finally, Evercore ISI decreased their target price 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 equities 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $73.78.

Equity LifeStyle Properties Price Performance

NYSE ELS opened at $66.39 on Friday. The company has a 50 day simple moving average of $66.97 and a 200-day simple moving average of $68.62. Equity LifeStyle Properties, Inc. has a 52-week low of $59.82 and a 52-week high of $76.60. The firm has a market capitalization of $12.69 billion, a price-to-earnings ratio of 34.04, a price-to-earnings-growth ratio of 3.02 and a beta of 0.79. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03.

Equity LifeStyle Properties (NYSE:ELS) last issued 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%. Equities research analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.10%. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 28th. Equity LifeStyle Properties’s payout ratio is currently 105.64%.

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.