Board of the Pension Protection Fund Acquires Shares of 500 Equity LifeStyle Properties, Inc. (NYSE:ELS)

Board of the Pension Protection Fund bought a new position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 500 shares of the real estate investment trust’s stock, valued at approximately $33,000.

Several other hedge funds have also recently modified their holdings of the stock. UMB Bank n.a. increased its stake in Equity LifeStyle Properties by 356.4% during the 3rd quarter. UMB Bank n.a. now owns 534 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 417 shares in the last quarter. V Square Quantitative Management LLC increased its position in shares of Equity LifeStyle Properties by 31.3% during the third quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 146 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Equity LifeStyle Properties in the 2nd quarter valued at $54,000. Wilmington Savings Fund Society FSB purchased a new position in Equity LifeStyle Properties in the 3rd quarter valued at $72,000. Finally, Harbor Capital Advisors Inc. purchased a new position in Equity LifeStyle Properties in the 3rd quarter valued at $75,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity LifeStyle Properties Trading Down 1.0 %

Shares of Equity LifeStyle Properties stock opened at $64.32 on Thursday. The stock has a 50 day moving average of $68.71 and a 200 day moving average of $69.39. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.03 and a current ratio of 0.03. The firm has a market capitalization of $12.29 billion, a price-to-earnings ratio of 33.15, a PEG ratio of 3.61 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 released its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.28). The business had revenue of $387.30 million for the quarter, compared to analysts’ expectations of $315.78 million. Equity LifeStyle Properties had a return on equity of 24.10% and a net margin of 23.97%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.71 earnings per share. As a group, research analysts predict that Equity LifeStyle Properties, Inc. will post 2.92 earnings per share for the current year.

Equity LifeStyle Properties Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were paid a $0.477 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Friday, December 27th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is 98.45%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ELS. Robert W. Baird upped their target price on shares of Equity LifeStyle Properties from $71.00 to $72.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Wells Fargo & Company raised shares of Equity LifeStyle Properties from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $70.50 to $82.00 in a research note on Thursday, September 19th. Jefferies Financial Group upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and increased their price objective for the company from $72.00 to $80.00 in a report on Thursday, January 2nd. Truist Financial boosted their target price on Equity LifeStyle Properties from $70.00 to $71.00 and gave the stock a “hold” rating in a report on Tuesday, November 12th. Finally, UBS Group raised Equity LifeStyle Properties to a “strong-buy” rating in a report on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $73.30.

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.