7,400 Shares in Equity LifeStyle Properties, Inc. (NYSE:ELS) Acquired by Unigestion Holding SA

Unigestion Holding SA purchased a new stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,400 shares of the real estate investment trust’s stock, valued at approximately $493,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Empowered Funds LLC acquired a new position in shares of Equity LifeStyle Properties during the 4th quarter valued at $380,000. Vert Asset Management LLC increased its stake in Equity LifeStyle Properties by 9.8% in the fourth quarter. Vert Asset Management LLC now owns 79,516 shares of the real estate investment trust’s stock valued at $5,296,000 after purchasing an additional 7,092 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Equity LifeStyle Properties by 6.4% during the fourth quarter. Nordea Investment Management AB now owns 21,574 shares of the real estate investment trust’s stock valued at $1,432,000 after purchasing an additional 1,301 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of Equity LifeStyle Properties by 95.3% during the third quarter. Sanctuary Advisors LLC now owns 32,578 shares of the real estate investment trust’s stock valued at $2,311,000 after purchasing an additional 15,899 shares during the period. Finally, Lecap Asset Management Ltd. boosted its position in shares of Equity LifeStyle Properties by 185.8% during the 4th quarter. Lecap Asset Management Ltd. now owns 24,882 shares of the real estate investment trust’s stock worth $1,657,000 after purchasing an additional 16,176 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ELS has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and increased their price target for the stock from $66.00 to $73.00 in a report on Tuesday, January 21st. Truist Financial upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a report 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 note on Tuesday, January 28th. Jefferies Financial Group raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and raised their price objective for the company from $72.00 to $80.00 in a research note on Thursday, January 2nd. Finally, Royal Bank of Canada reduced their price objective on shares of 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. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Equity LifeStyle Properties has a consensus rating of “Moderate Buy” and a consensus target price of $74.20.

Equity LifeStyle Properties Trading Down 3.1 %

Shares of ELS stock opened at $65.94 on Monday. Equity LifeStyle Properties, Inc. has a 52-week low of $59.82 and a 52-week high of $76.60. The company has a 50-day simple moving average of $66.98 and a two-hundred day simple moving average of $68.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02. The company has a market capitalization of $12.60 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 3.02 and a beta of 0.72.

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, 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%. Research analysts anticipate that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The business 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 positive change 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 3.12%. Equity LifeStyle Properties’s payout ratio is currently 105.64%.

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.