Andra AP fonden cut its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 9.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 252,200 shares of the real estate investment trust's stock after selling 27,500 shares during the quarter. Andra AP fonden owned approximately 0.13% of Equity LifeStyle Properties worth $16,797,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. Principal Financial Group Inc. raised its position in shares of Equity LifeStyle Properties by 172.0% in the fourth quarter. Principal Financial Group Inc. now owns 6,070,817 shares of the real estate investment trust's stock valued at $404,319,000 after purchasing an additional 3,838,809 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Equity LifeStyle Properties by 3.2% in the third quarter. JPMorgan Chase & Co. now owns 4,761,879 shares of the real estate investment trust's stock valued at $339,713,000 after acquiring an additional 147,332 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Equity LifeStyle Properties by 0.9% in the third quarter. Victory Capital Management Inc. now owns 4,649,670 shares of the real estate investment trust's stock valued at $331,707,000 after acquiring an additional 39,864 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Equity LifeStyle Properties by 1.7% in the third quarter. Geode Capital Management LLC now owns 3,833,596 shares of the real estate investment trust's stock valued at $273,014,000 after acquiring an additional 65,191 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Equity LifeStyle Properties by 4.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,553,330 shares of the real estate investment trust's stock valued at $170,052,000 after acquiring an additional 112,139 shares in the last quarter. 97.21% of the stock is owned by institutional investors.
NYSE ELS traded up $0.80 during trading hours on Friday, reaching $68.56. The company's stock had a trading volume of 1,189,914 shares, compared to its average volume of 1,482,091. The firm has a fifty day simple moving average of $66.48 and a 200-day simple moving average of $69.04. The stock has a market cap of $13.10 billion, a P/E ratio of 35.16, a P/E/G ratio of 3.02 and a beta of 0.79. Equity LifeStyle Properties, Inc. has a 52 week low of $59.82 and a 52 week high of $76.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03.
Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.76. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. Equities analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.515 per share. This is a positive change 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 yield of 3.00%. Equity LifeStyle Properties's dividend payout ratio (DPR) is presently 105.64%.
Several equities analysts recently commented on ELS shares. Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and upped their price target for the company from $66.00 to $73.00 in a research note on Tuesday, January 21st. Robert W. Baird increased their price objective on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Jefferies Financial Group upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and increased their price objective for the stock from $72.00 to $80.00 in a research note on Thursday, January 2nd. Evercore ISI reduced their price objective on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating on the stock in a research note on Tuesday, January 28th. Finally, Truist Financial upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. 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, Equity LifeStyle Properties presently has an average rating of "Moderate Buy" and an average price target of $73.78.
Get Our Latest Analysis on 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.
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