CANADA LIFE ASSURANCE Co Buys 18,899 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

CANADA LIFE ASSURANCE Co lifted its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 365,184 shares of the real estate investment trust's stock after purchasing an additional 18,899 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.19% of Equity LifeStyle Properties worth $24,297,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. National Pension Service bought a new position in shares of Equity LifeStyle Properties in the fourth quarter valued at about $25,000. Bessemer Group Inc. boosted its holdings in shares of Equity LifeStyle Properties by 121.4% during the fourth quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 210 shares during the period. Geneos Wealth Management Inc. bought a new position in shares of Equity LifeStyle Properties during the fourth quarter worth approximately $30,000. Board of the Pension Protection Fund acquired a new stake in Equity LifeStyle Properties during the 4th quarter worth approximately $33,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Equity LifeStyle Properties by 43.5% in the 4th 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 period. Institutional investors and hedge funds own 97.21% of the company's stock.

Analysts Set New Price Targets

ELS has been the subject of a number of research reports. Truist Financial raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Royal Bank of Canada cut 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 report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and increased their target price for the stock from $66.00 to $73.00 in a research report on Tuesday, January 21st. Robert W. Baird lifted their price target 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. Finally, Evercore ISI reduced their price target on Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating on the stock in a research report on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $74.10.

Equity LifeStyle Properties Price Performance

ELS stock traded down $0.58 during trading on Friday, reaching $62.83. 273,436 shares of the company were exchanged, compared to its average volume of 1,297,408. Equity LifeStyle Properties, Inc. has a twelve month low of $58.86 and a twelve month high of $76.60. The company has a market capitalization of $12.01 billion, a price-to-earnings ratio of 32.22, 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 current ratio of 0.02 and a quick ratio of 0.03. The company has a 50-day moving average of $66.29 and a two-hundred day moving average of $67.53.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.83. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. The firm had revenue of $327.21 million during the quarter, compared to the consensus estimate of $391.34 million. During the same quarter last year, the firm earned $0.59 earnings per share. As a group, equities 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 company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a $0.515 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.28%. This is an increase from Equity LifeStyle Properties's previous quarterly dividend of $0.48. Equity LifeStyle Properties's payout ratio is 106.74%.

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.