Townsquare Capital LLC Sells 330 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Townsquare Capital LLC decreased its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 2.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 12,505 shares of the real estate investment trust’s stock after selling 330 shares during the period. Townsquare Capital LLC’s holdings in Equity LifeStyle Properties were worth $833,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of ELS. Qtron Investments LLC bought a new position in Equity LifeStyle Properties during the 4th quarter worth $359,000. Sterling Capital Management LLC increased its position in Equity LifeStyle Properties by 59.7% during the fourth quarter. Sterling Capital Management LLC now owns 11,216 shares of the real estate investment trust’s stock worth $747,000 after acquiring an additional 4,192 shares during the period. Treasurer of the State of North Carolina raised its stake in Equity LifeStyle Properties by 8.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 93,448 shares of the real estate investment trust’s stock worth $6,224,000 after purchasing an additional 6,950 shares in the last quarter. Capital Fund Management S.A. bought a new stake in Equity LifeStyle Properties in the 4th quarter valued at about $4,911,000. Finally, Bessemer Group Inc. grew its position in shares of Equity LifeStyle Properties by 121.4% during the 4th quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 210 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ELS shares. Robert W. Baird boosted their price target on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. BMO Capital Markets upgraded Equity LifeStyle Properties from a “market perform” rating to an “outperform” rating and set a $78.00 target price for the company in a research report on Friday, April 4th. Evercore ISI decreased their price target on Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating on the stock in a research report on Tuesday, January 28th. Jefferies Financial Group started coverage on shares of Equity LifeStyle Properties in a research report on Tuesday, April 8th. They set a “buy” rating and a $80.00 price objective for the company. Finally, Truist Financial raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $74.20.

Equity LifeStyle Properties Price Performance

Shares of ELS opened at $65.32 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. The stock has a market cap of $12.49 billion, a PE ratio of 33.50, a PEG ratio of 3.02 and a beta of 0.72. Equity LifeStyle Properties, Inc. has a 12-month low of $58.86 and a 12-month high of $76.60. The business has a 50-day simple moving average of $66.51 and a two-hundred day simple moving average of $67.71.

Equity LifeStyle Properties (NYSE:ELS) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. Analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.15%. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, March 28th. Equity LifeStyle Properties’s dividend payout ratio (DPR) 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.