CIBC Asset Management Inc Has $499,000 Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

CIBC Asset Management Inc lifted its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 13.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,488 shares of the real estate investment trust’s stock after buying an additional 897 shares during the period. CIBC Asset Management Inc’s holdings in Equity LifeStyle Properties were worth $499,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ELS. Geneos Wealth Management Inc. acquired a new position in shares of Equity LifeStyle Properties in the 4th quarter worth approximately $30,000. Board of the Pension Protection Fund bought a new position in Equity LifeStyle Properties in the 4th quarter valued at $33,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Equity LifeStyle Properties by 43.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 171 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Equity LifeStyle Properties by 68.2% in the 4th quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 364 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Equity LifeStyle Properties in the 3rd quarter worth $72,000. 97.21% of the stock is owned by institutional investors and hedge funds.

Equity LifeStyle Properties Stock Down 0.3 %

Shares of ELS opened at $65.96 on Friday. Equity LifeStyle Properties, Inc. has a one year low of $59.82 and a one year high of $76.60. The company has a market cap of $12.60 billion, a P/E 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. 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 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%. Research analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, March 28th. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. This represents a $2.06 annualized dividend and a dividend yield of 3.12%. Equity LifeStyle Properties’s dividend payout ratio is 97.95%.

Wall Street Analyst Weigh In

Several analysts have issued reports on ELS shares. 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 research note on Tuesday, January 21st. Royal Bank of Canada decreased their price objective on Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating for the company in a report on Wednesday, January 29th. Evercore ISI reduced their price target 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. Robert W. Baird lifted their price target on Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Finally, Jefferies Financial Group upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $72.00 to $80.00 in a report on Thursday, January 2nd. 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. According to data from MarketBeat, Equity LifeStyle Properties has a consensus rating of “Moderate Buy” and an average price target of $73.78.

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.