Korea Investment CORP Has $18.17 Million Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Korea Investment CORP lessened its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 49.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 272,781 shares of the real estate investment trust’s stock after selling 261,945 shares during the period. Korea Investment CORP owned approximately 0.14% of Equity LifeStyle Properties worth $18,167,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ELS. Congress Wealth Management LLC DE raised its holdings in shares of Equity LifeStyle Properties by 9.7% in the 4th quarter. Congress Wealth Management LLC DE now owns 11,129 shares of the real estate investment trust’s stock worth $741,000 after buying an additional 985 shares in the last quarter. Vanguard Group Inc. raised its stake in Equity LifeStyle Properties by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 25,053,845 shares of the real estate investment trust’s stock worth $1,668,586,000 after acquiring an additional 388,888 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Equity LifeStyle Properties by 199.3% during the fourth quarter. LPL Financial LLC now owns 52,547 shares of the real estate investment trust’s stock valued at $3,500,000 after acquiring an additional 34,993 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Equity LifeStyle Properties in the 4th quarter valued at $4,074,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Equity LifeStyle Properties by 41.2% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 103,600 shares of the real estate investment trust’s stock worth $6,900,000 after purchasing an additional 30,252 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Price Performance

Equity LifeStyle Properties stock opened at $66.39 on Friday. The business’s 50-day simple moving average is $66.97 and its 200 day simple moving average is $68.58. The company has a quick ratio of 0.03, a current ratio of 0.02 and a debt-to-equity ratio of 0.15. The stock has a market cap of $12.69 billion, a price-to-earnings ratio of 34.04, a P/E/G ratio of 3.02 and a beta of 0.79. Equity LifeStyle Properties, Inc. has a 12-month low of $59.82 and a 12-month high of $76.60.

Equity LifeStyle Properties (NYSE:ELS) last issued its earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (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%. As a group, research analysts anticipate that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current 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 paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.10%. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. Equity LifeStyle Properties’s dividend payout ratio is 105.64%.

Analyst Ratings Changes

Several brokerages recently issued reports on ELS. Jefferies Financial Group raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $72.00 to $80.00 in a report on Thursday, January 2nd. Truist Financial raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Evercore ISI dropped 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. Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their price objective for the company from $66.00 to $73.00 in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada decreased their target price on Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.