Natixis Purchases 20,478 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Natixis lifted its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 144.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,606 shares of the real estate investment trust's stock after buying an additional 20,478 shares during the period. Natixis' holdings in Equity LifeStyle Properties were worth $2,305,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Equity LifeStyle Properties by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 25,053,845 shares of the real estate investment trust's stock worth $1,668,586,000 after buying an additional 388,888 shares in the last quarter. Principal Financial Group Inc. increased 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 in the last quarter. JPMorgan Chase & Co. increased its holdings in Equity LifeStyle Properties by 3.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,761,879 shares of the real estate investment trust's stock worth $339,713,000 after purchasing an additional 147,332 shares in the last quarter. Invesco Ltd. increased its holdings in Equity LifeStyle Properties by 592.7% in the 4th quarter. Invesco Ltd. now owns 3,918,241 shares of the real estate investment trust's stock worth $260,955,000 after purchasing an additional 3,352,584 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Equity LifeStyle Properties by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 3,887,371 shares of the real estate investment trust's stock worth $258,536,000 after purchasing an additional 53,775 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Jefferies Financial Group assumed coverage on Equity LifeStyle Properties in a report on Tuesday, April 8th. They issued a "buy" rating and a $80.00 target price for the company. Royal Bank of Canada lowered their target price on Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating for the company in a report on Wednesday, January 29th. BMO Capital Markets reduced their price target 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. Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating and upped their price target for the company from $66.00 to $73.00 in a research report on Tuesday, January 21st. Finally, Truist Financial upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Three 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 data from MarketBeat, Equity LifeStyle Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $74.33.

Equity LifeStyle Properties Trading Down 0.5 %

Shares of Equity LifeStyle Properties stock traded down $0.30 on Friday, hitting $63.11. 1,196,720 shares of the company's stock traded hands, compared to its average volume of 1,303,097. Equity LifeStyle Properties, Inc. has a one year low of $58.86 and a one year high of $76.60. 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 company has a fifty day moving average of $66.25 and a two-hundred day moving average of $67.51. The company has a market capitalization of $12.06 billion, a price-to-earnings ratio of 32.36, a price-to-earnings-growth ratio of 3.02 and a beta of 0.72.

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 EPS for the quarter, meeting 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 company had revenue of $327.21 million for the quarter, compared to analyst estimates of $391.34 million. During the same quarter in the prior year, the company earned $0.59 EPS. As a group, sell-side analysts expect that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity LifeStyle Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a $0.515 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $2.06 annualized dividend and a yield of 3.26%. This is a positive change from Equity LifeStyle Properties's previous quarterly dividend of $0.48. Equity LifeStyle Properties's dividend 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.