Kovitz Investment Group Partners LLC Has $2.51 Million Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Kovitz Investment Group Partners LLC cut its position in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 38.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,668 shares of the real estate investment trust's stock after selling 23,722 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Equity LifeStyle Properties were worth $2,509,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Equity LifeStyle Properties by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 25,053,845 shares of the real estate investment trust's stock valued at $1,668,586,000 after acquiring an additional 388,888 shares during the period. Principal Financial Group Inc. increased its position in Equity LifeStyle Properties by 172.0% during the fourth quarter. Principal Financial Group Inc. now owns 6,070,817 shares of the real estate investment trust's stock worth $404,319,000 after buying an additional 3,838,809 shares during the last quarter. JPMorgan Chase & Co. increased its position in Equity LifeStyle Properties by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 4,761,879 shares of the real estate investment trust's stock worth $339,713,000 after buying an additional 147,332 shares during the last quarter. Invesco Ltd. raised its stake in 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 during the period. Finally, Geode Capital Management LLC lifted its position in shares of Equity LifeStyle Properties by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 3,887,371 shares of the real estate investment trust's stock valued at $258,536,000 after buying an additional 53,775 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ELS has been the topic of a number of research analyst reports. Evercore ISI dropped their price target on Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating on the stock in a research note on Tuesday, January 28th. Jefferies Financial Group started coverage on shares of Equity LifeStyle Properties in a report on Tuesday, April 8th. They set a "buy" rating and a $80.00 target price for the company. BMO Capital Markets lowered 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 report on Tuesday, April 22nd. 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 research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating and increased their target price for the stock from $66.00 to $73.00 in a research note on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Equity LifeStyle Properties currently has an average rating of "Moderate Buy" and a consensus target price of $74.33.

Equity LifeStyle Properties Price Performance

NYSE ELS traded up $0.89 during midday trading on Friday, hitting $65.68. The company had a trading volume of 1,735,543 shares, compared to its average volume of 1,304,760. The company has a market capitalization of $12.55 billion, a PE ratio of 33.68, a P/E/G ratio of 3.02 and a beta of 0.76. Equity LifeStyle Properties, Inc. has a twelve month low of $58.86 and a twelve month high of $76.60. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15. The firm 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 quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.83. The firm had revenue of $327.21 million for the quarter, compared to the consensus estimate 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 period in the prior year, the company posted $0.59 earnings per share. As a group, analysts anticipate that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity LifeStyle Properties Dividend Announcement

The firm also recently declared 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 is Friday, June 27th. This represents a $2.06 annualized dividend and a dividend yield of 3.14%. Equity LifeStyle Properties's payout ratio is 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.