Charles Schwab Investment Management Inc. Boosts Stock Position in Equity Lifestyle Properties, Inc. (NYSE:ELS)

Charles Schwab Investment Management Inc. increased its position in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,597,191 shares of the real estate investment trust's stock after purchasing an additional 43,861 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.36% of Equity Lifestyle Properties worth $173,233,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Northern Trust Corp increased its stake in shares of Equity Lifestyle Properties by 43.3% during the fourth quarter. Northern Trust Corp now owns 2,434,858 shares of the real estate investment trust's stock valued at $162,162,000 after buying an additional 735,580 shares during the period. Victory Capital Management Inc. increased its position in Equity Lifestyle Properties by 15.1% during the 1st quarter. Victory Capital Management Inc. now owns 5,330,066 shares of the real estate investment trust's stock valued at $355,515,000 after purchasing an additional 699,877 shares during the period. Millennium Management LLC raised its holdings in shares of Equity Lifestyle Properties by 221.2% in the 4th quarter. Millennium Management LLC now owns 975,391 shares of the real estate investment trust's stock valued at $64,961,000 after purchasing an additional 671,703 shares in the last quarter. Ceredex Value Advisors LLC purchased a new stake in shares of Equity Lifestyle Properties in the 4th quarter worth approximately $36,520,000. Finally, Aware Super Pty Ltd as trustee of Aware Super purchased a new position in Equity Lifestyle Properties during the fourth quarter valued at approximately $26,180,000. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on ELS shares. Compass Point upgraded Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 target price for the company in a report on Tuesday, July 22nd. Truist Financial set a $68.00 price objective on Equity Lifestyle Properties and gave the stock a "buy" rating in a research note on Wednesday, July 30th. BMO Capital Markets dropped their price objective on Equity Lifestyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Royal Bank Of Canada reduced their target price on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating for the company in a report on Wednesday, July 23rd. Finally, Wells Fargo & Company decreased their price target on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.50.

Equity Lifestyle Properties Stock Up 0.6%

Equity Lifestyle Properties stock traded up $0.34 during midday trading on Tuesday, reaching $60.20. The company's stock had a trading volume of 1,522,254 shares, compared to its average volume of 2,060,248. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.04 and a quick ratio of 0.04. The stock has a market capitalization of $11.67 billion, a P/E ratio of 31.19, a PEG ratio of 3.19 and a beta of 0.70. The stock's 50-day simple moving average is $61.66 and its 200-day simple moving average is $64.21. Equity Lifestyle Properties, Inc. has a 52-week low of $58.15 and a 52-week high of $76.60.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.69. The firm had revenue of $313.29 million for the quarter, compared to the consensus estimate of $377.59 million. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. The company's revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.66 earnings per share. On average, sell-side analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, September 26th. Equity Lifestyle Properties's payout ratio is presently 106.74%.

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.