Vinva Investment Management Ltd Cuts Stake in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Vinva Investment Management Ltd reduced its position in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 33.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,889 shares of the real estate investment trust’s stock after selling 2,464 shares during the period. Vinva Investment Management Ltd’s holdings in Equity LifeStyle Properties were worth $323,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ELS. National Pension Service purchased a new stake in shares of Equity LifeStyle Properties during the fourth quarter valued at $25,000. Geneos Wealth Management Inc. purchased a new stake in shares of Equity LifeStyle Properties during the fourth quarter valued at $30,000. Board of the Pension Protection Fund purchased a new stake in shares of Equity LifeStyle Properties during the fourth quarter valued at $33,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Equity LifeStyle Properties by 43.5% during the fourth 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 during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of 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 valued at $60,000 after buying an additional 364 shares during the last quarter. 97.21% of the stock is owned by hedge funds and other institutional investors.

Equity LifeStyle Properties Trading Down 0.4 %

Shares of Equity LifeStyle Properties stock opened at $68.47 on Friday. The firm has a 50-day simple moving average of $66.83 and a two-hundred day simple moving average of $68.84. The company has a market cap of $13.09 billion, a P/E ratio of 35.11, a price-to-earnings-growth 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. 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 issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.76. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a $0.515 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.01%. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. Equity LifeStyle Properties’s dividend payout ratio is 105.64%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ELS shares. Evercore ISI dropped their price objective on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating on the stock in a report on Tuesday, January 28th. Truist Financial raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and boosted their price objective for the company from $66.00 to $73.00 in a report on Tuesday, January 21st. Robert W. Baird upped their price target on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Finally, Jefferies Financial Group raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and upped their price target for the company from $72.00 to $80.00 in a report on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Equity LifeStyle Properties currently has an average rating of “Moderate Buy” and a consensus target price 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.