National Bank of Canada FI Sells 79,144 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

National Bank of Canada FI lowered its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 33.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,622 shares of the real estate investment trust's stock after selling 79,144 shares during the period. National Bank of Canada FI owned approximately 0.08% of Equity LifeStyle Properties worth $10,564,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. National Pension Service bought a new stake in shares of Equity LifeStyle Properties during the fourth quarter valued at about $25,000. Geneos Wealth Management Inc. bought a new position in shares of Equity LifeStyle Properties in the fourth quarter valued at approximately $30,000. Board of the Pension Protection Fund acquired a new position in shares of Equity LifeStyle Properties during the fourth quarter valued at approximately $33,000. MassMutual Private Wealth & Trust FSB raised its holdings 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 worth $38,000 after purchasing an additional 171 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in Equity LifeStyle Properties by 68.2% during the 4th quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust's stock valued at $60,000 after purchasing an additional 364 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company's stock.

Wall Street Analyst Weigh In

ELS has been the subject of a number of research reports. 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. Jefferies Financial Group assumed coverage on Equity LifeStyle Properties in a research report on Tuesday. They set a "buy" rating and a $80.00 target price on the stock. BMO Capital Markets upgraded Equity LifeStyle Properties from a "market perform" rating to an "outperform" rating and set a $78.00 price target for the company in a research report on Friday, April 4th. Robert W. Baird upped 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 note on Tuesday, January 28th. Finally, Truist Financial raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $74.20.

Equity LifeStyle Properties Stock Down 2.1 %

NYSE ELS traded down $1.38 during trading on Thursday, hitting $62.67. 266,171 shares of the company traded hands, compared to its average volume of 1,292,867. Equity LifeStyle Properties, Inc. has a 12 month low of $58.86 and a 12 month high of $76.60. The business has a fifty day simple moving average of $66.63 and a 200 day simple moving average of $67.97. The company has a market capitalization of $11.98 billion, a P/E ratio of 32.25, a PEG ratio of 3.02 and a beta of 0.72. 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, 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%. As a group, sell-side analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.

Equity LifeStyle Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.29%. This is a positive change from Equity LifeStyle Properties's previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 28th. Equity LifeStyle Properties's payout ratio is currently 105.64%.

About 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.