Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Bought by LPL Financial LLC

LPL Financial LLC raised its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 199.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 52,547 shares of the real estate investment trust’s stock after purchasing an additional 34,993 shares during the quarter. LPL Financial LLC’s holdings in Equity LifeStyle Properties were worth $3,500,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ELS. EP Wealth Advisors LLC acquired a new stake in shares of Equity LifeStyle Properties in the third quarter valued at approximately $387,000. MML Investors Services LLC increased its stake in shares of Equity LifeStyle Properties by 10.4% in the 3rd quarter. MML Investors Services LLC now owns 8,202 shares of the real estate investment trust’s stock worth $585,000 after acquiring an additional 770 shares during the last quarter. Vestcor Inc raised its holdings in shares of Equity LifeStyle Properties by 34.9% during the 3rd quarter. Vestcor Inc now owns 5,609 shares of the real estate investment trust’s stock worth $400,000 after acquiring an additional 1,450 shares during the period. Geode Capital Management LLC boosted its position in shares of Equity LifeStyle Properties by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,833,596 shares of the real estate investment trust’s stock valued at $273,014,000 after acquiring an additional 65,191 shares during the last quarter. Finally, Toronto Dominion Bank grew its holdings in shares of Equity LifeStyle Properties by 31.4% in the third quarter. Toronto Dominion Bank now owns 22,296 shares of the real estate investment trust’s stock valued at $1,591,000 after purchasing an additional 5,322 shares during the period. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ELS has been the topic of a number of analyst reports. BMO Capital Markets raised shares of Equity LifeStyle Properties from a “market perform” rating to an “outperform” rating and set a $78.00 target price on the stock in a research note on Friday, April 4th. Jefferies Financial Group initiated coverage on Equity LifeStyle Properties in a report on Tuesday. They issued a “buy” rating and a $80.00 price objective on the stock. Royal Bank of Canada cut their target price on Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 29th. Truist Financial raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Finally, 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. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $74.20.

Equity LifeStyle Properties Stock Up 0.9 %

ELS stock opened at $64.31 on Friday. The company’s 50 day moving average price is $66.59 and its 200 day moving average price is $67.85. The firm has a market capitalization of $12.29 billion, a price-to-earnings ratio of 32.98, a PEG ratio of 3.02 and a beta of 0.72. Equity LifeStyle Properties, Inc. has a fifty-two week low of $58.86 and a fifty-two week high of $76.60. 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 posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.76 EPS for the quarter, hitting 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 firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a $0.515 dividend. The ex-dividend date was Friday, March 28th. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. This represents a $2.06 dividend on an annualized basis and a yield of 3.20%. Equity LifeStyle Properties’s dividend payout ratio (DPR) is currently 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.