Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Acquired by Principal Securities Inc.

Principal Securities Inc. grew its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 142.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,999 shares of the real estate investment trust’s stock after buying an additional 1,175 shares during the period. Principal Securities Inc.’s holdings in Equity LifeStyle Properties were worth $133,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Creative Planning boosted its position in Equity LifeStyle Properties by 37.3% during the 3rd quarter. Creative Planning now owns 6,715 shares of the real estate investment trust’s stock valued at $479,000 after purchasing an additional 1,824 shares during the period. Blue Trust Inc. lifted its stake in Equity LifeStyle Properties by 106.7% in the third quarter. Blue Trust Inc. now owns 1,292 shares of the real estate investment trust’s stock valued at $84,000 after buying an additional 667 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Equity LifeStyle Properties by 119.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,204 shares of the real estate investment trust’s stock valued at $1,642,000 after acquiring an additional 12,651 shares during the period. Financial Advocates Investment Management grew its position in shares of Equity LifeStyle Properties by 5.5% during the third quarter. Financial Advocates Investment Management now owns 6,248 shares of the real estate investment trust’s stock worth $446,000 after acquiring an additional 327 shares during the last quarter. Finally, US Bancorp DE increased its holdings in shares of Equity LifeStyle Properties by 4.0% in the 3rd quarter. US Bancorp DE now owns 13,430 shares of the real estate investment trust’s stock worth $958,000 after acquiring an additional 513 shares during the period. 97.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on ELS. Royal Bank of Canada reduced their price target on Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 29th. Evercore ISI reduced their price objective 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. Robert W. Baird raised their target price on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating 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 report on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and increased their price objective for the company from $66.00 to $73.00 in a report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $73.78.

Equity LifeStyle Properties Stock Up 2.3 %

Shares of Equity LifeStyle Properties stock opened at $68.59 on Wednesday. The firm has a market cap of $13.10 billion, a price-to-earnings ratio of 35.17, a P/E/G ratio of 3.02 and a beta of 0.79. The stock has a 50-day simple moving average of $66.27 and a 200-day simple moving average of $69.19. Equity LifeStyle Properties, Inc. has a 52-week low of $59.82 and a 52-week high of $76.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03.

Equity LifeStyle Properties (NYSE:ELS) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 expect that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share 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 dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.00%. 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. Equity LifeStyle Properties’s dividend payout ratio is 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.