Boston Partners Boosts Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Boston Partners boosted its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,971,493 shares of the real estate investment trust’s stock after acquiring an additional 193,927 shares during the quarter. Boston Partners’ holdings in Equity LifeStyle Properties were worth $197,896,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Intech Investment Management LLC grew its holdings in Equity LifeStyle Properties by 1.8% during the fourth quarter. Intech Investment Management LLC now owns 14,241 shares of the real estate investment trust’s stock valued at $948,000 after purchasing an additional 256 shares during the period. Signaturefd LLC grew its holdings in Equity LifeStyle Properties by 32.9% during the fourth quarter. Signaturefd LLC now owns 1,854 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 459 shares during the period. Cibc World Markets Corp grew its holdings in Equity LifeStyle Properties by 6.7% during the fourth quarter. Cibc World Markets Corp now owns 63,633 shares of the real estate investment trust’s stock valued at $4,238,000 after purchasing an additional 4,017 shares during the period. Corient Private Wealth LLC grew its holdings in Equity LifeStyle Properties by 1.0% during the fourth quarter. Corient Private Wealth LLC now owns 22,861 shares of the real estate investment trust’s stock valued at $1,523,000 after purchasing an additional 230 shares during the period. Finally, Natixis Advisors LLC grew its holdings in Equity LifeStyle Properties by 10.3% during the fourth quarter. Natixis Advisors LLC now owns 29,427 shares of the real estate investment trust’s stock valued at $1,960,000 after purchasing an additional 2,751 shares during the period. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Price Performance

NYSE:ELS opened at $68.38 on Wednesday. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $13.07 billion, a P/E ratio of 35.07, a P/E/G ratio of 3.02 and a beta of 0.79. Equity LifeStyle Properties, Inc. has a 12 month low of $59.82 and a 12 month high of $76.60. The business’s 50-day moving average is $66.64 and its 200 day moving average is $68.87.

Equity LifeStyle Properties (NYSE:ELS) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $0.76 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%. On average, equities research analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a $0.515 dividend. This is an increase 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 3.01%. The ex-dividend date is Friday, March 28th. Equity LifeStyle Properties’s payout ratio is currently 105.64%.

Wall Street Analysts Forecast Growth

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