Louisiana State Employees Retirement System Increases Stock Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Louisiana State Employees Retirement System grew its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,000 shares of the real estate investment trust’s stock after acquiring an additional 1,300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Equity LifeStyle Properties were worth $3,530,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in shares of Equity LifeStyle Properties by 3.2% in the third quarter. JPMorgan Chase & Co. now owns 4,761,879 shares of the real estate investment trust’s stock worth $339,713,000 after buying an additional 147,332 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Equity LifeStyle Properties by 0.9% in the third quarter. Victory Capital Management Inc. now owns 4,649,670 shares of the real estate investment trust’s stock worth $331,707,000 after buying an additional 39,864 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Equity LifeStyle Properties by 1.7% in the third quarter. Geode Capital Management LLC now owns 3,833,596 shares of the real estate investment trust’s stock worth $273,014,000 after buying an additional 65,191 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Equity LifeStyle Properties by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,441,191 shares of the real estate investment trust’s stock worth $174,155,000 after buying an additional 87,609 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Equity LifeStyle Properties by 370.6% in the third quarter. Daiwa Securities Group Inc. now owns 2,329,431 shares of the real estate investment trust’s stock worth $166,182,000 after buying an additional 1,834,491 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Analyst Ratings Changes

ELS has been the topic of a number of research reports. 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. 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 report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $66.00 to $73.00 in a report on Tuesday, January 21st. Finally, Jefferies Financial Group raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $72.00 to $80.00 in a report on Thursday, January 2nd. 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. Based on data from MarketBeat.com, Equity LifeStyle Properties has a consensus rating of “Moderate Buy” and a consensus target price of $73.78.

Equity LifeStyle Properties Trading Up 1.0 %

Equity LifeStyle Properties stock opened at $66.88 on Friday. The stock has a market cap of $12.78 billion, a P/E ratio of 34.30, a PEG ratio of 2.82 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, Inc. has a 1 year low of $59.82 and a 1 year high of $76.60. The firm’s 50 day moving average price is $66.77 and its 200-day moving average price is $69.45.

Equity LifeStyle Properties (NYSE:ELS) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. On average, equities analysts predict that Equity LifeStyle Properties, Inc. will post 3.1 earnings per share for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.515 per share. The ex-dividend date is Friday, March 28th. This represents a $2.06 annualized dividend and a dividend yield of 3.08%. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 97.95%.

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.