Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Bought by Barclays PLC

Barclays PLC boosted its position in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 156.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 522,262 shares of the real estate investment trust's stock after acquiring an additional 318,938 shares during the quarter. Barclays PLC owned 0.27% of Equity LifeStyle Properties worth $34,782,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. National Pension Service purchased a new position in Equity LifeStyle Properties in the fourth quarter valued at approximately $25,000. Bessemer Group Inc. grew 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 purchasing an additional 210 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Equity LifeStyle Properties during the fourth quarter worth about $30,000. Board of the Pension Protection Fund purchased a new stake in shares of Equity LifeStyle Properties in the 4th quarter valued at about $33,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of 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. Hedge funds and other institutional investors own 97.21% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on ELS shares. Royal Bank of Canada cut their price target on Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating on the stock in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating and lifted their target price for the company from $66.00 to $73.00 in a report on Tuesday, January 21st. BMO Capital Markets decreased their price target on shares of Equity LifeStyle Properties from $78.00 to $77.00 and set an "outperform" rating for the company in a research note on Tuesday. Jefferies Financial Group began coverage on shares of Equity LifeStyle Properties in a research note on Tuesday, April 8th. They issued a "buy" rating and a $80.00 price objective on the stock. Finally, Evercore ISI reduced their target price on shares of 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. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Equity LifeStyle Properties presently has an average rating of "Moderate Buy" and an average target price of $74.10.

Equity LifeStyle Properties Stock Performance

Shares of Equity LifeStyle Properties stock traded down $0.91 on Wednesday, reaching $62.78. 713,833 shares of the stock were exchanged, compared to its average volume of 1,295,767. The firm has a market capitalization of $12.00 billion, a PE ratio of 32.19, a PEG ratio of 3.02 and a beta of 0.72. Equity LifeStyle Properties, Inc. has a 1-year low of $58.86 and a 1-year high of $76.60. The business has a fifty day moving average price of $66.38 and a two-hundred day moving average price of $67.59. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15.

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