Sanctuary Advisors LLC Buys 2,410 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Sanctuary Advisors LLC boosted its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,988 shares of the real estate investment trust’s stock after acquiring an additional 2,410 shares during the period. Sanctuary Advisors LLC’s holdings in Equity LifeStyle Properties were worth $2,280,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Creative Planning increased its stake in shares of Equity LifeStyle Properties by 37.3% in the third quarter. Creative Planning now owns 6,715 shares of the real estate investment trust’s stock worth $479,000 after purchasing an additional 1,824 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Equity LifeStyle Properties by 106.7% in the third quarter. Blue Trust Inc. now owns 1,292 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 667 shares in the last quarter. Greenleaf Trust purchased a new position in shares of Equity LifeStyle Properties in the third quarter worth about $207,000. Outlook Wealth Advisors LLC increased its stake in shares of Equity LifeStyle Properties by 5.9% in the third quarter. Outlook Wealth Advisors LLC now owns 5,440 shares of the real estate investment trust’s stock worth $388,000 after purchasing an additional 301 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Equity LifeStyle Properties by 119.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,204 shares of the real estate investment trust’s stock worth $1,642,000 after purchasing an additional 12,651 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Robert W. Baird lifted their target price on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their target price for the stock from $66.00 to $73.00 in a research note on Tuesday, January 21st. Evercore ISI reduced their price objective on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating for the company in a research note on Tuesday, January 28th. Royal Bank of Canada reduced their price objective on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 29th. Finally, Truist Financial raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $73.78.

Equity LifeStyle Properties Price Performance

ELS stock opened at $65.96 on Friday. The stock has a market cap of $12.60 billion, a PE ratio of 33.83, a P/E/G 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, Inc. has a one year low of $59.82 and a one year high of $76.60. The firm has a 50 day simple moving average of $66.30 and a two-hundred day simple moving average of $69.25.

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 analysts’ consensus estimates of $0.76. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. On average, analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 EPS 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. Shareholders of record on Friday, March 28th will be issued a $0.515 dividend. The ex-dividend date of this dividend is Friday, March 28th. 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 3.12%. Equity LifeStyle Properties’s dividend payout ratio is 97.95%.

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.