Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Sold by Amundi

Amundi lessened its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 256,658 shares of the real estate investment trust’s stock after selling 4,496 shares during the quarter. Amundi owned about 0.13% of Equity LifeStyle Properties worth $16,875,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. National Pension Service purchased a new position in Equity LifeStyle Properties in the fourth quarter valued at about $25,000. Geneos Wealth Management Inc. bought a new stake in shares of Equity LifeStyle Properties in the 4th quarter worth approximately $30,000. Board of the Pension Protection Fund bought a new stake in shares of Equity LifeStyle Properties in the 4th quarter worth approximately $33,000. MassMutual Private Wealth & Trust FSB boosted its position in 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 purchasing an additional 171 shares during the period. Finally, UMB Bank n.a. grew its stake in Equity LifeStyle Properties by 68.2% during the 4th quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 364 shares during the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ELS has been the subject of several recent research reports. Jefferies Financial Group upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and upped their price target for the stock from $72.00 to $80.00 in a research report on Thursday, January 2nd. Royal Bank of Canada decreased their target price on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised 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. Evercore ISI decreased their price objective on Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating for the company in a report on Tuesday, January 28th. Finally, Truist Financial raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $73.78.

Equity LifeStyle Properties Trading Down 1.2 %

Shares of ELS opened at $65.98 on Friday. The business’s 50-day moving average price is $66.56 and its 200 day moving average price is $69.00. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $12.61 billion, a P/E ratio of 33.84, a P/E/G ratio of 3.02 and a beta of 0.79. Equity LifeStyle Properties, Inc. has a 1-year low of $59.82 and a 1-year high of $76.60.

Equity LifeStyle Properties (NYSE:ELS) last released its earnings results 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 net margin of 24.05% and a return on equity of 23.12%. Analysts expect 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 announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Friday, March 28th. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. Equity LifeStyle Properties’s dividend payout ratio (DPR) 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.