Vert Asset Management LLC Grows Stake in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Vert Asset Management LLC increased its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 9.8% during the fourth quarter, Holdings Channel reports. The firm owned 79,516 shares of the real estate investment trust’s stock after acquiring an additional 7,092 shares during the quarter. Equity LifeStyle Properties makes up 1.8% of Vert Asset Management LLC’s portfolio, making the stock its 21st biggest holding. Vert Asset Management LLC’s holdings in Equity LifeStyle Properties were worth $5,296,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Hunter Perkins Capital Management LLC boosted its position in shares of Equity LifeStyle Properties by 11.8% during the fourth quarter. Hunter Perkins Capital Management LLC now owns 300,543 shares of the real estate investment trust’s stock worth $20,118,000 after acquiring an additional 31,734 shares during the last quarter. Blue Trust Inc. lifted its stake in Equity LifeStyle Properties by 36.1% in the 4th quarter. Blue Trust Inc. now owns 1,758 shares of the real estate investment trust’s stock worth $125,000 after purchasing an additional 466 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new position in shares of Equity LifeStyle Properties during the 4th quarter valued at about $203,000. AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Equity LifeStyle Properties during the fourth quarter valued at about $1,083,000. Finally, Geneos Wealth Management Inc. bought a new stake in shares of Equity LifeStyle Properties in the fourth quarter worth about $30,000. 97.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ELS. Truist Financial upgraded 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 raised their target price for the company from $66.00 to $73.00 in a report on Tuesday, January 21st. Compass Point upped their price target on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Evercore ISI lifted their price objective on shares of Equity LifeStyle Properties from $76.00 to $77.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. Finally, Robert W. Baird upped their target price on shares of Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Equity LifeStyle Properties currently has an average rating of “Moderate Buy” and an average price target of $74.20.

Equity LifeStyle Properties Stock Up 3.1 %

Shares of NYSE ELS opened at $69.33 on Tuesday. The company has a market cap of $13.25 billion, a P/E ratio of 35.74, a PEG ratio of 3.28 and a beta of 0.79. The firm has a 50-day simple moving average of $67.98 and a two-hundred day simple moving average of $69.58. Equity LifeStyle Properties, Inc. has a 1 year low of $59.82 and a 1 year high of $76.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.03 and a quick ratio of 0.03.

Equity LifeStyle Properties (NYSE:ELS) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. Equity LifeStyle Properties had a return on equity of 24.10% and a net margin of 23.97%. Research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were given a $0.477 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $1.91 annualized dividend and a yield of 2.75%. Equity LifeStyle Properties’s dividend payout ratio (DPR) is 98.45%.

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.