UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $113.70 Million Stock Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,707,232 shares of the real estate investment trust's stock after purchasing an additional 80,269 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.89% of Equity LifeStyle Properties worth $113,702,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. National Pension Service acquired a new position in shares of Equity LifeStyle Properties in the 4th quarter valued at $25,000. Bessemer Group Inc. increased its position in shares of Equity LifeStyle Properties by 121.4% in the 4th quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust's stock valued at $25,000 after acquiring an additional 210 shares during the period. Geneos Wealth Management Inc. acquired a new position in shares of Equity LifeStyle Properties in the 4th quarter valued at $30,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Equity LifeStyle Properties by 43.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 171 shares during the period. Finally, UMB Bank n.a. increased its position in shares of Equity LifeStyle Properties by 68.2% in the 4th quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust's stock valued at $60,000 after acquiring an additional 364 shares during the period. 97.21% of the stock is owned by institutional investors and hedge funds.

Equity LifeStyle Properties Stock Performance

Shares of Equity LifeStyle Properties stock traded down $0.46 during trading hours on Thursday, reaching $62.69. The company's stock had a trading volume of 910,410 shares, compared to its average volume of 1,308,037. The company's 50 day simple moving average is $64.57 and its 200 day simple moving average is $66.69. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02. Equity LifeStyle Properties, Inc. has a one year low of $58.86 and a one year high of $76.60. The stock has a market cap of $11.98 billion, a P/E ratio of 32.18, a price-to-earnings-growth ratio of 3.02 and a beta of 0.76.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last released its earnings results on Monday, April 21st. The real estate investment trust reported $0.83 EPS for the quarter, meeting the consensus estimate of $0.83. The firm had revenue of $327.21 million for the quarter, compared to analysts' expectations of $391.34 million. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. During the same quarter last year, the company earned $0.59 EPS. As a group, analysts expect that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.06 annualized dividend and a dividend yield of 3.29%. Equity LifeStyle Properties's dividend payout ratio is currently 106.74%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada lowered their target price on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating on the stock in a research note on Wednesday, January 29th. Truist Financial lowered their target price on shares of Equity LifeStyle Properties from $72.00 to $71.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Jefferies Financial Group assumed coverage on shares of Equity LifeStyle Properties in a research note on Tuesday, April 8th. They set a "buy" rating and a $80.00 target price on the stock. BMO Capital Markets decreased their price target on shares of Equity LifeStyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Finally, Barclays assumed coverage on shares of Equity LifeStyle Properties in a research note on Thursday. They issued an "equal weight" rating and a $70.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $73.90.

Insider Transactions at Equity LifeStyle Properties

In other news, CFO Paul Seavey sold 10,000 shares of Equity LifeStyle Properties stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total value of $647,200.00. Following the transaction, the chief financial officer now directly owns 78,162 shares of the company's stock, valued at $5,058,644.64. This trade represents a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.70% of the stock is currently owned by insiders.

Equity LifeStyle Properties 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.