Brevan Howard Capital Management LP Purchases 24,041 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Brevan Howard Capital Management LP boosted its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 127.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,928 shares of the real estate investment trust's stock after buying an additional 24,041 shares during the quarter. Brevan Howard Capital Management LP's holdings in Equity LifeStyle Properties were worth $2,859,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Equity LifeStyle Properties during the 3rd quarter worth approximately $72,000. Franklin Resources Inc. increased its holdings in shares of Equity LifeStyle Properties by 7.9% in the third quarter. Franklin Resources Inc. now owns 809,801 shares of the real estate investment trust's stock valued at $55,034,000 after purchasing an additional 59,243 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Equity LifeStyle Properties by 56.5% in the third quarter. Principal Financial Group Inc. now owns 2,232,008 shares of the real estate investment trust's stock valued at $159,232,000 after purchasing an additional 805,681 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Equity LifeStyle Properties by 3.2% during the 3rd 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 during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Equity LifeStyle Properties by 23.3% during the 4th quarter. GAMMA Investing LLC now owns 1,763 shares of the real estate investment trust's stock worth $117,000 after buying an additional 333 shares during the last quarter. Institutional investors own 97.21% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on ELS shares. Robert W. Baird increased their price target on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Truist Financial lowered their target price on Equity LifeStyle Properties from $72.00 to $71.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating and lifted their price target for the stock from $66.00 to $73.00 in a report on Tuesday, January 21st. Evercore ISI dropped their target price 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. Finally, BMO Capital Markets decreased their price target on shares of Equity LifeStyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $74.33.

Equity LifeStyle Properties Price Performance

ELS traded down $0.69 on Thursday, hitting $63.65. 973,414 shares of the stock were exchanged, compared to its average volume of 1,305,705. 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, Inc. has a 12 month low of $58.86 and a 12 month high of $76.60. The firm has a market capitalization of $12.17 billion, a price-to-earnings ratio of 32.64, a PEG ratio of 3.02 and a beta of 0.76. The business has a 50-day moving average of $65.72 and a two-hundred day moving average of $67.25.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.83. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. The business had revenue of $327.21 million for the quarter, compared to analysts' expectations of $391.34 million. During the same period last year, the firm posted $0.59 earnings per share. Sell-side analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Friday, June 27th. Equity LifeStyle Properties's dividend payout ratio is presently 106.74%.

Equity LifeStyle Properties Company 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.