Mercer Global Advisors Inc. ADV Purchases 11,468 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Mercer Global Advisors Inc. ADV raised its position in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 261.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,854 shares of the real estate investment trust's stock after buying an additional 11,468 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Equity LifeStyle Properties were worth $1,056,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. National Pension Service acquired a new position in Equity LifeStyle Properties during the fourth quarter valued at approximately $25,000. Bessemer Group Inc. raised its holdings in shares of Equity LifeStyle Properties by 121.4% during the 4th quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust's stock worth $25,000 after buying an additional 210 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of Equity LifeStyle Properties during the 4th quarter worth $30,000. Board of the Pension Protection Fund acquired a new stake in Equity LifeStyle Properties in the fourth quarter valued at about $33,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in Equity LifeStyle Properties by 43.5% in the fourth 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 last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Equity LifeStyle Properties Trading Up 0.9 %

ELS opened at $64.33 on Friday. Equity LifeStyle Properties, Inc. has a twelve month low of $58.86 and a twelve month high of $76.60. The company has a fifty day moving average of $65.64 and a 200-day moving average of $67.22. The stock has a market cap of $12.30 billion, a PE ratio of 32.99, a price-to-earnings-growth 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.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share for the quarter, hitting the consensus estimate of $0.83. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. The firm had revenue of $327.21 million during the quarter, compared to analyst estimates of $391.34 million. During the same period last year, the company posted $0.59 EPS. On average, sell-side analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.

Equity LifeStyle Properties Dividend Announcement

The business also recently disclosed 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 3.20%. The ex-dividend date of this dividend is Friday, June 27th. Equity LifeStyle Properties's dividend payout ratio (DPR) is 106.74%.

Insider Activity

In related news, CFO Paul Seavey sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $64.72, for a total transaction of $647,200.00. Following the transaction, the chief financial officer now directly owns 78,162 shares of the company's stock, valued at approximately $5,058,644.64. This represents a 11.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ELS. Evercore ISI reduced their price target on shares of 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. Royal Bank of Canada decreased 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. Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating and increased their price target for the company from $66.00 to $73.00 in a research note on Tuesday, January 21st. BMO Capital Markets reduced their price objective on Equity LifeStyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Finally, Truist Financial dropped their target price on Equity LifeStyle Properties from $72.00 to $71.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Equity LifeStyle Properties presently has an average rating of "Moderate Buy" and a consensus price target of $74.33.

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.

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