Royal Bank of Canada Purchases 21,731 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Royal Bank of Canada grew its position in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 542,857 shares of the real estate investment trust's stock after acquiring an additional 21,731 shares during the period. Royal Bank of Canada owned about 0.28% of Equity LifeStyle Properties worth $36,154,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Equity LifeStyle Properties by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 25,053,845 shares of the real estate investment trust's stock worth $1,668,586,000 after purchasing an additional 388,888 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Equity LifeStyle Properties by 172.0% during the 4th quarter. Principal Financial Group Inc. now owns 6,070,817 shares of the real estate investment trust's stock worth $404,319,000 after purchasing an additional 3,838,809 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Equity LifeStyle Properties by 3.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,761,879 shares of the real estate investment trust's stock worth $339,713,000 after purchasing an additional 147,332 shares during the last quarter. Invesco Ltd. raised its position in shares of Equity LifeStyle Properties by 592.7% during the 4th quarter. Invesco Ltd. now owns 3,918,241 shares of the real estate investment trust's stock worth $260,955,000 after purchasing an additional 3,352,584 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Equity LifeStyle Properties by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 3,887,371 shares of the real estate investment trust's stock worth $258,536,000 after purchasing an additional 53,775 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company's stock.

Equity LifeStyle Properties Stock Up 1.5%

NYSE ELS traded up $0.96 during trading hours on Tuesday, reaching $64.48. 524,317 shares of the company traded hands, compared to its average volume of 1,300,182. The stock has a market capitalization of $12.33 billion, a PE ratio of 33.06, a PEG ratio of 3.02 and a beta of 0.76. Equity LifeStyle Properties, Inc. has a 12 month low of $58.86 and a 12 month high of $76.60. The company has a 50 day moving average of $64.76 and a two-hundred day moving average of $66.73. 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 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 last year, the company earned $0.59 EPS. As a group, equities analysts expect that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity LifeStyle Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Friday, June 27th. Equity LifeStyle Properties's payout ratio is 106.74%.

Analyst Ratings Changes

ELS has been the subject of a number of recent research reports. Evercore ISI cut their price objective 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. BMO Capital Markets cut their price objective on shares of Equity LifeStyle Properties from $78.00 to $77.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Royal Bank of Canada cut their price objective on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating for the company in a report on Wednesday, January 29th. Robert W. Baird increased their price objective on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Finally, Truist Financial cut their price objective on shares of Equity LifeStyle Properties from $72.00 to $71.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Three 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $74.33.

Insiders Place Their Bets

In other Equity LifeStyle Properties news, CFO Paul Seavey sold 10,000 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total value of $647,200.00. Following the completion of the transaction, the chief financial officer now directly owns 78,162 shares in the company, valued at $5,058,644.64. This trade represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.40% of the company's stock.

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.