Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Bought by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co grew its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 14.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,010 shares of the real estate investment trust’s stock after buying an additional 2,273 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Equity LifeStyle Properties were worth $1,199,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. National Pension Service acquired a new position in Equity LifeStyle Properties in the fourth quarter valued at $25,000. Geneos Wealth Management Inc. purchased a new stake in shares of Equity LifeStyle Properties in the 4th quarter valued at about $30,000. Board of the Pension Protection Fund acquired a new stake in shares of Equity LifeStyle Properties in the 4th quarter valued at about $33,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Equity LifeStyle Properties by 43.5% in 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 purchasing an additional 171 shares during the period. Finally, UMB Bank n.a. grew its stake in 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 worth $60,000 after buying an additional 364 shares during the last quarter. 97.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ELS. Robert W. Baird increased their price objective on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Jefferies Financial Group upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and increased their price target for the stock from $72.00 to $80.00 in a research note on Thursday, January 2nd. Evercore ISI dropped their price objective 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. Truist Financial upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Finally, Royal Bank of Canada dropped their price target on Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Equity LifeStyle Properties currently has an average rating of “Moderate Buy” and an average target price of $73.78.

Equity LifeStyle Properties Price Performance

Shares of NYSE:ELS opened at $66.39 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 moving average price of $66.97 and a 200 day moving average price of $68.53. The company has a market cap of $12.69 billion, a P/E ratio of 34.04, a PEG ratio of 3.02 and a beta of 0.79. 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 issued its 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 return on equity of 23.12% and a net margin of 24.05%. Research analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity LifeStyle Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $0.515 per share. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. This represents a $2.06 annualized dividend and a yield of 3.10%. The ex-dividend date 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.