APG Asset Management N.V. Makes New $6.57 Million Investment in Equity LifeStyle Properties, Inc. (NYSE:ELS)

APG Asset Management N.V. purchased a new stake in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 102,100 shares of the real estate investment trust's stock, valued at approximately $6,567,000. APG Asset Management N.V. owned about 0.05% of Equity LifeStyle Properties at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB boosted its position in Equity LifeStyle Properties by 43.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 171 shares during the last quarter. Carmel Capital Partners LLC increased its holdings in Equity LifeStyle Properties by 3.6% during the fourth quarter. Carmel Capital Partners LLC now owns 6,533 shares of the real estate investment trust's stock worth $435,000 after buying an additional 230 shares during the last quarter. Corient Private Wealth LLC lifted its stake in Equity LifeStyle Properties by 1.0% in 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 acquiring an additional 230 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Equity LifeStyle Properties by 7.7% during the 4th quarter. Quadrant Capital Group LLC now owns 3,256 shares of the real estate investment trust's stock worth $217,000 after purchasing an additional 232 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of Equity LifeStyle Properties by 2.1% in the 4th quarter. HighTower Advisors LLC now owns 11,446 shares of the real estate investment trust's stock valued at $762,000 after purchasing an additional 238 shares during the period. 97.21% of the stock is owned by institutional investors.

Equity LifeStyle Properties Price Performance

Shares of NYSE ELS traded up $0.65 during mid-day trading on Thursday, reaching $65.57. The company had a trading volume of 414,011 shares, compared to its average volume of 1,290,511. Equity LifeStyle Properties, Inc. has a one year low of $58.86 and a one year high of $76.60. The business's 50-day simple moving average is $66.53 and its 200 day simple moving average is $67.75. 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 firm has a market cap of $12.53 billion, a price-to-earnings ratio of 33.58, a PEG ratio of 3.02 and a beta of 0.72.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share for the quarter, hitting analysts' consensus estimates of $0.76. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. On average, research analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a dividend of $0.515 per share. This is an increase from Equity LifeStyle Properties's previous quarterly dividend of $0.48. This represents a $2.06 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Friday, March 28th. Equity LifeStyle Properties's dividend payout ratio is currently 105.64%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ELS. Evercore ISI dropped their price objective on 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. Royal Bank of Canada reduced their price objective on shares of 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. Robert W. Baird increased their price objective on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. 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. Finally, Truist Financial upgraded 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 assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Equity LifeStyle Properties has an average rating of "Moderate Buy" and an average target price of $74.20.

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.