Aigen Investment Management LP Buys Shares of 3,478 Equity LifeStyle Properties, Inc. (NYSE:ELS)

Aigen Investment Management LP purchased a new position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,478 shares of the real estate investment trust’s stock, valued at approximately $232,000.

Other hedge funds also recently modified their holdings of the company. National Pension Service bought a new position in Equity LifeStyle Properties during the fourth 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 bought a new position in shares of Equity LifeStyle Properties during the 4th quarter worth $33,000. MassMutual Private Wealth & Trust FSB increased its holdings in 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 worth $38,000 after acquiring an additional 171 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in Equity LifeStyle Properties by 68.2% in the 4th quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 364 shares during the period. Institutional investors own 97.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Evercore ISI cut 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 research report on Tuesday, January 28th. Truist Financial raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and boosted their target price for the company from $66.00 to $73.00 in a report on Tuesday, January 21st. Royal Bank of Canada cut their price target on 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. Finally, Robert W. Baird boosted their price objective on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $73.78.

Equity LifeStyle Properties Trading Up 1.2 %

Shares of ELS stock opened at $68.56 on Monday. The company has a market capitalization of $13.10 billion, a PE ratio of 35.16, 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’s fifty day moving average is $66.48 and its 200 day moving average is $69.04. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02.

Equity LifeStyle Properties (NYSE:ELS) last released its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share for the quarter, meeting the consensus estimate of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. 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 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. The ex-dividend date of this dividend is Friday, March 28th. 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 3.00%. Equity LifeStyle Properties’s payout ratio is presently 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.