HighTower Advisors LLC Grows Stock Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

HighTower Advisors LLC boosted its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 2.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,446 shares of the real estate investment trust’s stock after acquiring an additional 238 shares during the quarter. HighTower Advisors LLC’s holdings in Equity LifeStyle Properties were worth $762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in Equity LifeStyle Properties by 172.0% in the 4th quarter. Principal Financial Group Inc. now owns 6,070,817 shares of the real estate investment trust’s stock worth $404,319,000 after buying an additional 3,838,809 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Equity LifeStyle Properties by 592.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,626,963 shares of the real estate investment trust’s stock worth $116,068,000 after buying an additional 1,391,846 shares in the last quarter. Quantinno Capital Management LP boosted its position in Equity LifeStyle Properties by 14,049.2% during the 3rd quarter. Quantinno Capital Management LP now owns 713,971 shares of the real estate investment trust’s stock valued at $50,935,000 after acquiring an additional 708,925 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC purchased a new position in shares of Equity LifeStyle Properties during the 4th quarter worth approximately $41,391,000. Finally, Jane Street Group LLC raised its position in shares of Equity LifeStyle Properties by 267.9% in the 3rd quarter. Jane Street Group LLC now owns 232,698 shares of the real estate investment trust’s stock worth $16,601,000 after acquiring an additional 169,445 shares in the last quarter. 97.21% of the stock is owned by hedge funds and other institutional investors.

Equity LifeStyle Properties Trading Up 1.0 %

Equity LifeStyle Properties stock opened at $66.39 on Friday. Equity LifeStyle Properties, Inc. has a one year low of $59.82 and a one year high of $76.60. The business’s fifty day moving average is $66.97 and its 200 day moving average is $68.62. 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 stock has a market capitalization of $12.69 billion, a PE ratio of 34.04, a price-to-earnings-growth ratio of 3.02 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share 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%. On average, sell-side analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.

Equity LifeStyle Properties Increases Dividend

The company 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. This represents a $2.06 annualized dividend and a dividend yield of 3.10%. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 28th. Equity LifeStyle Properties’s dividend payout ratio is presently 105.64%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded 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 report on Tuesday, January 21st. Robert W. Baird raised their target price on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Truist Financial upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Jefferies Financial Group raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and increased their target price for the stock from $72.00 to $80.00 in a research note on Thursday, January 2nd. Finally, Evercore ISI reduced their price objective on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating for the company in a research note on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $73.78.

Equity LifeStyle Properties Company 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.