Aew Capital Management L P Lowers Stake in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Aew Capital Management L P trimmed its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 156,223 shares of the real estate investment trust’s stock after selling 3,770 shares during the period. Aew Capital Management L P owned 0.08% of Equity LifeStyle Properties worth $10,404,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its holdings in shares of Equity LifeStyle Properties by 172.0% during the fourth quarter. Principal Financial Group Inc. now owns 6,070,817 shares of the real estate investment trust’s stock valued at $404,319,000 after acquiring an additional 3,838,809 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Equity LifeStyle Properties by 3.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,761,879 shares of the real estate investment trust’s stock worth $339,713,000 after buying an additional 147,332 shares during the period. Victory Capital Management Inc. raised its position in Equity LifeStyle Properties by 0.9% during the 3rd quarter. Victory Capital Management Inc. now owns 4,649,670 shares of the real estate investment trust’s stock worth $331,707,000 after buying an additional 39,864 shares during the last quarter. Geode Capital Management LLC lifted its stake in Equity LifeStyle Properties by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,833,596 shares of the real estate investment trust’s stock valued at $273,014,000 after acquiring an additional 65,191 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Equity LifeStyle Properties by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,441,191 shares of the real estate investment trust’s stock worth $174,155,000 after acquiring an additional 87,609 shares during the period. Institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Trading Up 0.4 %

Shares of Equity LifeStyle Properties stock opened at $68.59 on Friday. Equity LifeStyle Properties, Inc. has a twelve month low of $59.82 and a twelve month high of $76.60. The firm’s 50-day moving average price is $66.33 and its 200 day moving average price is $69.17. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $13.10 billion, a PE ratio of 35.17, a P/E/G ratio of 3.02 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.76 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%. On average, sell-side analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 EPS 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 issued a $0.515 dividend. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 28th. This represents a $2.06 dividend on an annualized basis and a yield of 3.00%. Equity LifeStyle Properties’s dividend payout ratio is presently 105.64%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ELS shares. Jefferies Financial Group upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and boosted their target price for the company from $72.00 to $80.00 in a research report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and raised their price objective for the stock from $66.00 to $73.00 in a research note on Tuesday, January 21st. Royal Bank of Canada decreased their target price on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 29th. Robert W. Baird lifted their price objective on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Finally, Truist Financial upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.