New Age Alpha Advisors LLC Takes $10.57 Million Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

New Age Alpha Advisors LLC acquired a new position in Equity LifeStyle Properties, Inc. (NYSE:ELS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 158,675 shares of the real estate investment trust’s stock, valued at approximately $10,568,000. New Age Alpha Advisors LLC owned 0.08% of Equity LifeStyle Properties as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Citigroup Inc. increased its stake in Equity LifeStyle Properties by 16.7% in the 3rd quarter. Citigroup Inc. now owns 213,209 shares of the real estate investment trust’s stock worth $15,210,000 after buying an additional 30,489 shares in the last quarter. Cerity Partners LLC lifted its holdings in Equity LifeStyle Properties by 43.5% in the 3rd quarter. Cerity Partners LLC now owns 81,540 shares of the real estate investment trust’s stock worth $5,817,000 after purchasing an additional 24,727 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Equity LifeStyle Properties in the 3rd quarter worth approximately $117,000. Bank of Montreal Can lifted its holdings in shares of Equity LifeStyle Properties by 27.9% in the third quarter. Bank of Montreal Can now owns 693,190 shares of the real estate investment trust’s stock worth $49,050,000 after buying an additional 151,273 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Equity LifeStyle Properties by 13.2% during the third quarter. The Manufacturers Life Insurance Company now owns 165,021 shares of the real estate investment trust’s stock worth $11,773,000 after acquiring an additional 19,282 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Analyst Upgrades and Downgrades

ELS has been the subject of a number of recent research reports. Robert W. Baird boosted their target price on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Jefferies Financial Group upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and raised their price target for the company from $72.00 to $80.00 in a research note on Thursday, January 2nd. Truist Financial raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Evercore ISI decreased their price target on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating for the company in a research report on Tuesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft raised 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 report on Tuesday, January 21st. Three 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 company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $73.78.

Equity LifeStyle Properties Stock Performance

Shares of ELS stock opened at $65.74 on Friday. The stock has a market cap of $12.57 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 3.02 and a beta of 0.79. Equity LifeStyle Properties, Inc. has a 52-week low of $59.82 and a 52-week high of $76.60. The business has a 50-day simple moving average of $66.97 and a 200-day simple moving average of $68.68. The company has a quick ratio of 0.03, a current ratio of 0.02 and a debt-to-equity ratio of 0.15.

Equity LifeStyle Properties (NYSE:ELS) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 EPS for the quarter, meeting analysts’ consensus estimates of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. On average, equities analysts expect that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.

Equity LifeStyle Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a $0.515 dividend. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. This represents a $2.06 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Friday, March 28th. Equity LifeStyle Properties’s dividend payout ratio is currently 105.64%.

About Equity LifeStyle Properties

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.