Equity LifeStyle Properties, Inc. (NYSE:ELS) Stock Holdings Trimmed by Farther Finance Advisors LLC

Farther Finance Advisors LLC lowered its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 96.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 807 shares of the real estate investment trust’s stock after selling 20,334 shares during the period. Farther Finance Advisors LLC’s holdings in Equity LifeStyle Properties were worth $54,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ELS. Natixis Advisors LLC grew its holdings in shares of Equity LifeStyle Properties by 3.0% in the 3rd quarter. Natixis Advisors LLC now owns 26,676 shares of the real estate investment trust’s stock worth $1,903,000 after acquiring an additional 775 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Equity LifeStyle Properties by 44.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 65,035 shares of the real estate investment trust’s stock worth $4,640,000 after acquiring an additional 19,974 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Equity LifeStyle Properties in the 3rd quarter worth $329,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Equity LifeStyle Properties by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,441,191 shares of the real estate investment trust’s stock worth $174,155,000 after acquiring an additional 87,609 shares during the last quarter. Finally, Citigroup Inc. grew its holdings in shares of Equity LifeStyle Properties by 16.7% in the 3rd quarter. Citigroup Inc. now owns 213,209 shares of the real estate investment trust’s stock worth $15,210,000 after acquiring an additional 30,489 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ELS. Evercore ISI lowered their price target on Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating on the stock in a report on Tuesday, January 28th. Robert W. Baird lifted their price target on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Truist Financial upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $66.00 to $73.00 in a report on Tuesday, January 21st. Finally, Jefferies Financial Group upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $72.00 to $80.00 in a report on Thursday, January 2nd. Three investment 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $73.78.

Equity LifeStyle Properties Price Performance

NYSE:ELS opened at $68.47 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 debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02. The company has a market cap of $13.09 billion, a P/E ratio of 35.11, a P/E/G ratio of 3.02 and a beta of 0.79. The stock’s 50-day simple moving average is $66.83 and its 200 day simple moving average is $68.79.

Equity LifeStyle Properties (NYSE:ELS) last issued its quarterly earnings data 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%. As a group, sell-side analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 EPS 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 issued a dividend of $0.515 per share. The ex-dividend date is Friday, March 28th. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. This represents a $2.06 annualized dividend and a dividend yield of 3.01%. Equity LifeStyle Properties’s dividend payout ratio is 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.