Caisse DE Depot ET Placement DU Quebec Buys 13,000 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Caisse DE Depot ET Placement DU Quebec boosted its position in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 16.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,294 shares of the real estate investment trust's stock after buying an additional 13,000 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Equity LifeStyle Properties were worth $6,280,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. National Pension Service bought a new position in shares of Equity LifeStyle Properties during the 4th quarter worth approximately $25,000. Bessemer Group Inc. increased its holdings in Equity LifeStyle Properties by 121.4% during the 4th 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 in the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of Equity LifeStyle Properties in the fourth quarter worth approximately $30,000. Board of the Pension Protection Fund purchased a new position in shares of Equity LifeStyle Properties during the fourth quarter valued at approximately $33,000. Finally, MassMutual Private Wealth & Trust FSB grew 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 buying an additional 171 shares in the last quarter. Institutional investors own 97.21% of the company's stock.

Wall Street Analysts Forecast Growth

ELS has been the subject of a number of recent analyst reports. Robert W. Baird upped their price objective on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Royal Bank of Canada decreased 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. Jefferies Financial Group assumed coverage on Equity LifeStyle Properties in a report on Tuesday, April 8th. They set a "buy" rating and a $80.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating and increased their target price for the company from $66.00 to $73.00 in a research note on Tuesday, January 21st. Finally, Evercore ISI decreased their target price on shares of 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 investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Equity LifeStyle Properties currently has a consensus rating of "Moderate Buy" and an average target price of $74.33.

Equity LifeStyle Properties Stock Down 1.9 %

ELS traded down $1.21 on Tuesday, hitting $63.77. The company had a trading volume of 1,420,067 shares, compared to its average volume of 1,306,789. 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 52-week low of $58.86 and a 52-week high of $76.60. The firm has a market capitalization of $12.19 billion, a P/E ratio of 32.70, a P/E/G ratio of 3.02 and a beta of 0.76. The stock has a fifty day simple moving average of $65.91 and a 200-day simple moving average of $67.30.

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 for the quarter, hitting 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 quarter in the prior year, the company earned $0.59 earnings per share. As a group, equities analysts expect that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be given a $0.515 dividend. The ex-dividend date is Friday, June 27th. This represents a $2.06 annualized dividend and a yield of 3.23%. Equity LifeStyle Properties's dividend payout ratio (DPR) 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.