Kapitalo Investimentos Ltda acquired a new stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,133 shares of the real estate investment trust's stock, valued at approximately $342,000.
Other institutional investors also recently modified their holdings of the company. National Pension Service purchased a new stake in Equity LifeStyle Properties in the 4th quarter worth approximately $25,000. Bessemer Group Inc. raised its holdings in shares of Equity LifeStyle Properties by 121.4% during the fourth 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 in the last quarter. Geneos Wealth Management Inc. purchased a new stake in Equity LifeStyle Properties in the fourth quarter worth $30,000. Board of the Pension Protection Fund bought a new stake in Equity LifeStyle Properties in the fourth quarter valued at $33,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in Equity LifeStyle Properties by 43.5% during 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 purchasing an additional 171 shares during the period. 97.21% of the stock is currently owned by hedge funds and other institutional investors.
Equity LifeStyle Properties Stock Performance
Shares of Equity LifeStyle Properties stock traded down $0.38 during trading hours on Monday, reaching $65.30. 315,106 shares of the stock traded hands, compared to its average volume of 1,300,920. Equity LifeStyle Properties, Inc. has a one year low of $58.86 and a one year high of $76.60. The firm has a market capitalization of $12.48 billion, a price-to-earnings ratio of 33.52, a P/E/G ratio of 3.02 and a beta of 0.76. The company has a quick ratio of 0.03, a current ratio of 0.02 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average price of $66.05 and a 200 day moving average price of $67.36.
Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last announced its earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.83. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. The company had revenue of $327.21 million during the quarter, compared to analyst estimates of $391.34 million. During the same period in the previous year, the business posted $0.59 earnings per share. On average, equities research analysts expect that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.
Equity LifeStyle Properties Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Friday, June 27th. Equity LifeStyle Properties's dividend payout ratio is presently 106.74%.
Analyst Ratings Changes
ELS has been the subject of several research analyst reports. Truist Financial dropped their target price on shares of Equity LifeStyle Properties from $72.00 to $71.00 and set a "buy" rating for the company in a research report on Thursday. Robert W. Baird increased their target price on Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Jefferies Financial Group began coverage on Equity LifeStyle Properties in a research report on Tuesday, April 8th. They set a "buy" rating and a $80.00 price target on the stock. Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating and increased their price objective for the stock from $66.00 to $73.00 in a report on Tuesday, January 21st. Finally, BMO Capital Markets dropped their price objective 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. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $74.33.
View Our Latest Analysis on ELS
Equity LifeStyle Properties Profile
(
Free Report)
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.
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