Mitsubishi UFJ Trust & Banking Corp Has $12.60 Million Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Mitsubishi UFJ Trust & Banking Corp decreased its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 11.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 189,179 shares of the real estate investment trust’s stock after selling 23,604 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.10% of Equity LifeStyle Properties worth $12,599,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ELS. National Pension Service bought a new position in Equity LifeStyle Properties during the 4th quarter worth approximately $25,000. Geneos Wealth Management Inc. bought a new position in shares of Equity LifeStyle Properties during the fourth quarter worth $30,000. Board of the Pension Protection Fund acquired a new position in shares of Equity LifeStyle Properties in the 4th quarter valued at $33,000. MassMutual Private Wealth & Trust FSB increased its position in shares of 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. lifted its holdings in Equity LifeStyle Properties by 68.2% during the fourth quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 364 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ELS shares. Evercore ISI dropped their price target on Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating on the stock in a research report on Tuesday, January 28th. Robert W. Baird lifted their price target on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Truist Financial raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Jefferies Financial Group raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and boosted their price objective for the company from $72.00 to $80.00 in a research report on Thursday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and increased their target price for the stock 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 issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.78.

Equity LifeStyle Properties Price Performance

Shares of NYSE ELS opened at $66.39 on Friday. 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 moving average of $66.97 and a 200-day moving average of $68.62. The stock has a market capitalization of $12.69 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 3.02 and a beta of 0.79. Equity LifeStyle Properties, Inc. has a fifty-two week low of $59.82 and a fifty-two week high of $76.60.

Equity LifeStyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share 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%. As a group, sell-side 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. Shareholders of record on Friday, March 28th will be given a dividend of $0.515 per share. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. This represents a $2.06 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Friday, March 28th. Equity LifeStyle Properties’s dividend payout ratio is 105.64%.

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.