Barclays PLC Acquires 84,760 Shares of Equity Lifestyle Properties, Inc. $ELS

Key Points

• Barclays PLC increased its stake in Equity Lifestyle Properties (NYSE: ELS) by 28.4% in Q3, buying 84,760 shares to hold 383,013 shares (about 0.20% of the company) valued at roughly $23.25 million.
• Dividend raised: ELS announced a quarterly dividend of $0.5425 (annualized $2.17) for a 3.2% yield, with an ex-dividend date of March 27 and a payout ratio of 102.49%.
• Analyst sentiment is a consensus "Moderate Buy" with a target price of $70.42, following several recent upgrades and target increases from firms like Bank of America, Barclays and BMO.

Barclays PLC boosted its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 28.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 383,013 shares of the real estate investment trust's stock after buying an additional 84,760 shares during the period. Barclays PLC owned approximately 0.20% of Equity Lifestyle Properties worth $23,249,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Bessemer Group Inc. lifted its position in Equity Lifestyle Properties by 126.9% in the 3rd quarter. Bessemer Group Inc. now owns 574 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 321 shares in the last quarter. Allworth Financial LP boosted its stake in Equity Lifestyle Properties by 204.1% during the 2nd quarter. Allworth Financial LP now owns 660 shares of the real estate investment trust's stock valued at $41,000 after purchasing an additional 443 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Equity Lifestyle Properties by 81.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 840 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 378 shares in the last quarter. Huntington National Bank increased its holdings in Equity Lifestyle Properties by 84.6% during the 3rd quarter. Huntington National Bank now owns 1,100 shares of the real estate investment trust's stock worth $67,000 after purchasing an additional 504 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its stake in shares of Equity Lifestyle Properties by 27.4% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,250 shares of the real estate investment trust's stock worth $76,000 after purchasing an additional 269 shares during the last quarter. 97.21% of the stock is owned by institutional investors.

Equity Lifestyle Properties Stock Down 1.1%

ELS stock opened at $66.98 on Thursday. The stock has a market cap of $12.99 billion, a P/E ratio of 33.32, a P/E/G ratio of 3.76 and a beta of 0.75. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.30. The stock's fifty day simple moving average is $64.75 and its two-hundred day simple moving average is $62.58. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $69.28.

Equity Lifestyle Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be given a dividend of $0.5425 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.2%. This is an increase from Equity Lifestyle Properties's previous quarterly dividend of $0.52. Equity Lifestyle Properties's payout ratio is currently 102.49%.

Wall Street Analysts Forecast Growth

ELS has been the topic of several analyst reports. Bank of America raised Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $76.00 target price on the stock in a research report on Tuesday, February 3rd. Barclays reissued an "overweight" rating and issued a $71.00 price target (up from $68.00) on shares of Equity Lifestyle Properties in a research report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft downgraded shares of Equity Lifestyle Properties from a "buy" rating to a "hold" rating and set a $65.00 price objective on the stock. in a report on Tuesday, January 20th. Weiss Ratings reiterated a "hold (c)" rating on shares of Equity Lifestyle Properties in a research note on Thursday, January 22nd. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $75.00 target price (up from $72.00) on shares of Equity Lifestyle Properties in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.42.

About Equity Lifestyle Properties

Equity Lifestyle Properties, Inc NYSE: ELS is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company's portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.

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