Teacher Retirement System of Texas Purchases 6,531 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Teacher Retirement System of Texas lifted its position in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 63.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,800 shares of the real estate investment trust’s stock after purchasing an additional 6,531 shares during the period. Teacher Retirement System of Texas’ holdings in Equity LifeStyle Properties were worth $1,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of ELS. National Pension Service purchased a new stake in shares of Equity LifeStyle Properties during the fourth quarter worth about $25,000. Geneos Wealth Management Inc. bought a new stake in shares of Equity LifeStyle Properties during the fourth quarter valued at approximately $30,000. Board of the Pension Protection Fund bought a new position in shares of Equity LifeStyle Properties during the fourth 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 valued at $38,000 after acquiring an additional 171 shares during the last quarter. Finally, UMB Bank n.a. lifted 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 worth $60,000 after purchasing an additional 364 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors.

Equity LifeStyle Properties Stock Up 1.0 %

NYSE ELS opened at $66.39 on Friday. The company has a quick ratio of 0.03, a current ratio of 0.02 and a debt-to-equity ratio of 0.15. Equity LifeStyle Properties, Inc. has a 52 week low of $59.82 and a 52 week high of $76.60. The firm has a market capitalization of $12.69 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 3.02 and a beta of 0.79. The company has a fifty day moving average of $66.97 and a two-hundred day moving average of $68.58.

Equity LifeStyle Properties (NYSE:ELS) last released its earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (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, analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity LifeStyle Properties Increases Dividend

The firm also recently announced 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 is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.10%. Equity LifeStyle Properties’s dividend payout ratio is currently 105.64%.

Wall Street Analyst Weigh In

ELS has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and raised their price objective for the company from $66.00 to $73.00 in a research report on Tuesday, January 21st. Jefferies Financial Group raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $72.00 to $80.00 in a research note on Thursday, January 2nd. Truist Financial upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Robert W. Baird boosted their price target on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Finally, Evercore ISI lowered 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 research report on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $73.78.

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.