Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Purchased by Employees Retirement System of Texas

Employees Retirement System of Texas boosted its position in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 127,272 shares of the real estate investment trust’s stock after buying an additional 2,000 shares during the period. Employees Retirement System of Texas’ holdings in Equity LifeStyle Properties were worth $8,476,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. National Pension Service acquired a new stake in shares of Equity LifeStyle Properties in the fourth quarter worth $25,000. Geneos Wealth Management Inc. purchased a new position in shares of Equity LifeStyle Properties during the 4th quarter valued at about $30,000. Board of the Pension Protection Fund acquired a new position in shares of Equity LifeStyle Properties in the 4th quarter valued at about $33,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Equity LifeStyle Properties by 43.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 171 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in Equity LifeStyle Properties by 68.2% during the fourth quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 364 shares during the period. Institutional investors and hedge funds own 97.21% of the company’s stock.

Analysts Set New Price Targets

ELS has been the topic of several recent research reports. BMO Capital Markets upgraded Equity LifeStyle Properties from a “market perform” rating to an “outperform” rating and set a $78.00 price objective on the stock in a research report on Friday. Truist Financial raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Evercore ISI decreased 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. Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and raised their target price for the company from $66.00 to $73.00 in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada cut their price target on Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $74.20.

Equity LifeStyle Properties Price Performance

NYSE:ELS opened at $65.94 on Monday. Equity LifeStyle Properties, Inc. has a one year low of $59.82 and a one year high of $76.60. The stock has a market cap of $12.60 billion, a PE ratio of 33.82, a P/E/G ratio of 3.02 and a beta of 0.72. 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 stock has a 50 day moving average price of $66.98 and a 200 day moving average price of $68.25.

Equity LifeStyle Properties (NYSE:ELS) last announced its quarterly earnings results 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 research analysts expect that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $0.515 dividend. 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 annualized dividend and a dividend yield of 3.12%. Equity LifeStyle Properties’s dividend payout ratio is 105.64%.

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.