Mitsubishi UFJ Asset Management Co. Ltd. Acquires 22,604 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 9.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 259,461 shares of the real estate investment trust’s stock after acquiring an additional 22,604 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.14% of Equity LifeStyle Properties worth $17,589,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. National Pension Service acquired a new stake in shares of Equity LifeStyle Properties in the 4th quarter valued at $25,000. Geneos Wealth Management Inc. acquired a new stake in shares of Equity LifeStyle Properties in the fourth quarter worth about $30,000. Board of the Pension Protection Fund bought a new stake in shares of Equity LifeStyle Properties during the 4th quarter worth about $33,000. MassMutual Private Wealth & Trust FSB increased its holdings 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 valued at $38,000 after acquiring an additional 171 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Equity LifeStyle Properties by 68.2% in the 4th quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 364 shares in the last quarter. 97.21% of the stock is owned by institutional investors.

Equity LifeStyle Properties Stock Up 1.0 %

ELS stock opened at $66.39 on Monday. Equity LifeStyle Properties, Inc. has a twelve month low of $59.82 and a twelve month high of $76.60. The company has a quick ratio of 0.03, a current ratio of 0.02 and a debt-to-equity ratio of 0.15. The company has a market cap of $12.69 billion, a PE ratio of 34.04, a price-to-earnings-growth ratio of 3.02 and a beta of 0.79. The business’s 50-day simple moving average is $66.97 and its 200 day simple moving average is $68.53.

Equity LifeStyle Properties (NYSE:ELS) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share 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, research analysts anticipate that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity LifeStyle Properties Increases Dividend

The firm also recently disclosed 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 a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.10%. Equity LifeStyle Properties’s dividend payout ratio is currently 105.64%.

Analyst Upgrades and Downgrades

ELS has been the subject of a number of recent analyst reports. Robert W. Baird upped their target price on Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Jefferies Financial Group raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and upped their price objective for the stock from $72.00 to $80.00 in a report on Thursday, January 2nd. Royal Bank of Canada dropped their target price on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 29th. Truist Financial upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $66.00 to $73.00 in a research note on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $73.78.

About Equity LifeStyle Properties

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.