5,133 Shares in Equity LifeStyle Properties, Inc. (NYSE:ELS) Purchased by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda acquired a new position in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,133 shares of the real estate investment trust's stock, valued at approximately $342,000.

Several other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. raised its holdings in Equity LifeStyle Properties by 172.0% in 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 period. Invesco Ltd. increased its position in shares of Equity LifeStyle Properties by 592.7% in the fourth quarter. Invesco Ltd. now owns 3,918,241 shares of the real estate investment trust's stock valued at $260,955,000 after buying an additional 3,352,584 shares in the last quarter. Norges Bank acquired a new position in shares of Equity LifeStyle Properties during the 4th quarter worth approximately $163,212,000. Northern Trust Corp lifted its position in shares of Equity LifeStyle Properties by 43.3% during the 4th 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 in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC acquired a new stake in Equity LifeStyle Properties in the 4th quarter valued at $41,391,000. 97.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ELS. Jefferies Financial Group assumed coverage on shares of Equity LifeStyle Properties in a research report on Tuesday, April 8th. They set a "buy" rating and a $80.00 price objective for the company. 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. Truist Financial cut their price objective on Equity LifeStyle Properties from $72.00 to $71.00 and set a "buy" rating for the company in a research note on Thursday. Evercore ISI reduced their target price on 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. Finally, Royal Bank of Canada lowered their price target on 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. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Equity LifeStyle Properties has a consensus rating of "Moderate Buy" and an average target price of $74.33.

Equity LifeStyle Properties Trading Up 1.4 %

Equity LifeStyle Properties stock traded up $0.89 during trading on Friday, reaching $65.68. 1,735,543 shares of the company were exchanged, compared to its average volume of 1,305,347. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03. The stock's 50 day simple moving average is $66.05 and its two-hundred day simple moving average is $67.40. The company has a market capitalization of $12.55 billion, a P/E ratio of 33.68, a PEG ratio of 3.02 and a beta of 0.76. Equity LifeStyle Properties, Inc. has a 52-week low of $58.86 and a 52-week high of $76.60.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share 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 firm had revenue of $327.21 million for the quarter, compared to analysts' expectations of $391.34 million. During the same quarter in the previous year, the company posted $0.59 EPS. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Friday, June 27th. Equity LifeStyle Properties's payout ratio is presently 106.74%.

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.