Equity LifeStyle Properties, Inc. (NYSE:ELS) Holdings Lifted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 51.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 113,007 shares of the real estate investment trust’s stock after purchasing an additional 38,401 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.06% of Equity LifeStyle Properties worth $7,526,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ELS. Principal Financial Group Inc. boosted its holdings in shares of Equity LifeStyle Properties by 172.0% in 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. Daiwa Securities Group Inc. boosted its holdings in shares of Equity LifeStyle Properties by 370.6% in the third 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 boosted its holdings in shares of Equity LifeStyle Properties by 592.0% in 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 valued at $116,068,000 after acquiring an additional 1,391,846 shares in the last quarter. Caprock Group LLC bought a new position in shares of Equity LifeStyle Properties in the third quarter valued at approximately $54,866,000. Finally, Quantinno Capital Management LP boosted its holdings in shares of Equity LifeStyle Properties by 14,049.2% in the third quarter. Quantinno Capital Management LP now owns 713,971 shares of the real estate investment trust’s stock valued at $50,935,000 after acquiring an additional 708,925 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors.

Equity LifeStyle Properties Stock Down 1.2 %

Shares of Equity LifeStyle Properties stock opened at $65.98 on Friday. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15. Equity LifeStyle Properties, Inc. has a 1 year low of $59.82 and a 1 year high of $76.60. The stock has a 50-day moving average price of $66.56 and a 200 day moving average price of $69.00. The company has a market cap of $12.61 billion, a P/E ratio of 33.84, a P/E/G ratio of 3.02 and a beta of 0.79.

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

Equity LifeStyle Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, March 28th. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.12%. Equity LifeStyle Properties’s dividend payout ratio is 105.64%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ELS. Jefferies Financial Group upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and increased their price objective for the company from $72.00 to $80.00 in a report on Thursday, January 2nd. Royal Bank of Canada decreased 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. Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and raised their target price for the stock from $66.00 to $73.00 in a report on Tuesday, January 21st. Evercore ISI reduced their target price on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating for the company in a report on Tuesday, January 28th. Finally, Truist Financial upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Equity LifeStyle Properties presently has an average rating of “Moderate Buy” and a consensus target price 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.