Carmel Capital Partners LLC Grows Stock Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Carmel Capital Partners LLC lifted its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 3.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,533 shares of the real estate investment trust’s stock after buying an additional 230 shares during the quarter. Carmel Capital Partners LLC’s holdings in Equity LifeStyle Properties were worth $435,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. National Pension Service purchased a new position in shares of Equity LifeStyle Properties during the 4th quarter valued at $25,000. Geneos Wealth Management Inc. purchased a new position in shares of Equity LifeStyle Properties during the 4th quarter valued at $30,000. Board of the Pension Protection Fund purchased a new position in shares of Equity LifeStyle Properties during the 4th quarter valued at $33,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Equity LifeStyle Properties by 43.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 171 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Equity LifeStyle Properties by 68.2% during the 4th quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust’s stock valued at $60,000 after buying an additional 364 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Truist Financial upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and boosted their price target for the stock from $66.00 to $73.00 in a research note on Tuesday, January 21st. Jefferies Financial Group upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and boosted their price target for the stock from $72.00 to $80.00 in a research note on Thursday, January 2nd. Evercore ISI decreased their price target on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating on the stock in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada decreased their price target on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.78.

Equity LifeStyle Properties Stock Up 1.0 %

Shares of NYSE ELS opened at $68.71 on Thursday. The firm’s 50-day moving average price is $66.41 and its 200-day moving average price is $69.10. 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 stock has a market capitalization of $13.13 billion, a price-to-earnings ratio of 35.24, a P/E/G ratio of 3.02 and a beta of 0.79. Equity LifeStyle Properties, Inc. has a 12-month low of $59.82 and a 12-month high of $76.60.

Equity LifeStyle Properties (NYSE:ELS) last announced its earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) 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, equities research analysts anticipate that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors 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 yield of 3.00%. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 28th. Equity LifeStyle Properties’s dividend payout ratio is presently 105.64%.

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.