Asset Management One Co. Ltd. Raises Stock Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Asset Management One Co. Ltd. raised its position in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 402,570 shares of the real estate investment trust’s stock after acquiring an additional 17,728 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.21% of Equity LifeStyle Properties worth $26,811,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ELS. Daiwa Securities Group Inc. grew its position in Equity LifeStyle Properties by 370.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 2,329,431 shares of the real estate investment trust’s stock valued at $166,182,000 after acquiring an additional 1,834,491 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Equity LifeStyle Properties by 592.0% during 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. Principal Financial Group Inc. grew its position in shares of Equity LifeStyle Properties by 56.5% during the third quarter. Principal Financial Group Inc. now owns 2,232,008 shares of the real estate investment trust’s stock worth $159,232,000 after buying an additional 805,681 shares in the last quarter. Caprock Group LLC acquired a new position in shares of Equity LifeStyle Properties during the third quarter worth about $54,866,000. Finally, Quantinno Capital Management LP grew its position in shares of Equity LifeStyle Properties by 14,049.2% during the third quarter. Quantinno Capital Management LP now owns 713,971 shares of the real estate investment trust’s stock worth $50,935,000 after buying an additional 708,925 shares in the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Equity LifeStyle Properties Trading Down 2.2 %

NYSE:ELS opened at $65.47 on Friday. The stock has a fifty day moving average price of $66.62 and a two-hundred day moving average price of $69.42. The stock has a market capitalization of $12.51 billion, a price-to-earnings ratio of 33.57, a PEG ratio of 2.82 and a beta of 0.79. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02. Equity LifeStyle Properties, Inc. has a 1 year low of $59.82 and a 1 year high of $76.60.

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 (EPS) for the quarter, hitting the consensus estimate of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. As a group, sell-side analysts anticipate that Equity LifeStyle Properties, Inc. will post 3.1 earnings per share for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a $0.515 dividend. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 28th. This represents a $2.06 annualized dividend and a yield of 3.15%. Equity LifeStyle Properties’s dividend payout ratio is presently 105.64%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ELS shares. Robert W. Baird upped their price target on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Royal Bank of Canada lowered their price target 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. 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 upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and upped their price target for the stock from $72.00 to $80.00 in a research note on Thursday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and upped their price target for the stock from $66.00 to $73.00 in a research note on Tuesday, January 21st. Three investment 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 company’s stock. According to MarketBeat.com, the stock currently has an average 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.