Oregon Public Employees Retirement Fund Has $2.59 Million Stake in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Oregon Public Employees Retirement Fund increased its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,927 shares of the real estate investment trust’s stock after buying an additional 1,180 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Equity LifeStyle Properties were worth $2,593,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Principal Financial Group Inc. grew its holdings in Equity LifeStyle Properties by 172.0% during the fourth quarter. Principal Financial Group Inc. now owns 6,070,817 shares of the real estate investment trust’s stock worth $404,319,000 after buying an additional 3,838,809 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Equity LifeStyle Properties by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 4,761,879 shares of the real estate investment trust’s stock worth $339,713,000 after buying an additional 147,332 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Equity LifeStyle Properties by 0.9% during the third quarter. Victory Capital Management Inc. now owns 4,649,670 shares of the real estate investment trust’s stock worth $331,707,000 after buying an additional 39,864 shares in the last quarter. Geode Capital Management LLC grew its holdings in Equity LifeStyle Properties by 1.7% during the third quarter. Geode Capital Management LLC now owns 3,833,596 shares of the real estate investment trust’s stock worth $273,014,000 after buying an additional 65,191 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in 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 valued at $174,155,000 after purchasing an additional 87,609 shares during the period. Institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Stock Up 1.5 %

Shares of NYSE ELS opened at $68.26 on Friday. Equity LifeStyle Properties, Inc. has a 52 week low of $59.82 and a 52 week high of $76.60. The business has a 50-day simple moving average of $66.28 and a two-hundred day simple moving average of $69.18. 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 company has a market cap of $13.04 billion, a P/E ratio of 35.01, a P/E/G ratio of 3.02 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS) last issued its earnings results on Monday, January 27th. The real estate investment trust reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. Research 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 announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.06 annualized dividend and a yield of 3.02%. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. Equity LifeStyle Properties’s dividend payout ratio (DPR) is currently 105.64%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ELS. Truist Financial raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Royal Bank of Canada decreased their target price on Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 29th. Evercore ISI decreased their target price on 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. Jefferies Financial Group raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and raised their target price for the company from $72.00 to $80.00 in a research report on Thursday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $66.00 to $73.00 in a report on Tuesday, January 21st. Three 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. Based on data from MarketBeat.com, the stock presently has a consensus 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.