US Bancorp DE Sells 310 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

US Bancorp DE decreased its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 2.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 13,120 shares of the real estate investment trust’s stock after selling 310 shares during the quarter. US Bancorp DE’s holdings in Equity LifeStyle Properties were worth $874,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ELS. QRG Capital Management Inc. raised its stake in shares of Equity LifeStyle Properties by 23.0% in the 3rd quarter. QRG Capital Management Inc. now owns 11,461 shares of the real estate investment trust’s stock valued at $818,000 after buying an additional 2,145 shares in the last quarter. Assetmark Inc. grew its stake in Equity LifeStyle Properties by 105.6% during the third quarter. Assetmark Inc. now owns 15,279 shares of the real estate investment trust’s stock worth $1,090,000 after buying an additional 7,847 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Equity LifeStyle Properties by 8.9% during the third quarter. Crossmark Global Holdings Inc. now owns 13,775 shares of the real estate investment trust’s stock worth $983,000 after buying an additional 1,121 shares in the last quarter. Catalytic Wealth RIA LLC increased its holdings in shares of Equity LifeStyle Properties by 66.2% during the third quarter. Catalytic Wealth RIA LLC now owns 5,541 shares of the real estate investment trust’s stock worth $395,000 after buying an additional 2,208 shares in the last quarter. Finally, Versor Investments LP bought a new position in shares of Equity LifeStyle Properties in the third quarter valued at approximately $938,000. 97.21% of the stock is currently owned by institutional investors.

Equity LifeStyle Properties Stock Performance

Shares of NYSE:ELS opened at $68.56 on Monday. 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 market capitalization of $13.10 billion, a P/E ratio of 35.16, a P/E/G ratio of 3.02 and a beta of 0.79. The business has a 50-day moving average price of $66.48 and a two-hundred day moving average price of $69.04.

Equity LifeStyle Properties (NYSE:ELS) last announced its quarterly earnings data 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 net margin of 24.05% and a return on equity of 23.12%. Equities 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 disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a dividend of $0.515 per share. The ex-dividend date is 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 dividend yield of 3.00%. Equity LifeStyle Properties’s payout ratio is 105.64%.

Analyst Ratings Changes

ELS has been the topic of a number of research analyst reports. 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 research report on Tuesday, January 21st. Robert W. Baird increased their target price on Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Evercore ISI cut their price target on 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. Jefferies Financial Group upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and upped their price target for the stock from $72.00 to $80.00 in a research report on Thursday, January 2nd. Finally, Truist Financial upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Three equities 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.78.

About Equity LifeStyle Properties

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.