Price T Rowe Associates Inc. MD Has $435.25 Million Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Price T Rowe Associates Inc. MD trimmed its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 12.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,535,219 shares of the real estate investment trust's stock after selling 914,912 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 3.42% of Equity LifeStyle Properties worth $435,248,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted 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 valued at $1,668,586,000 after acquiring an additional 388,888 shares in the last quarter. Principal Financial Group Inc. raised its position in Equity LifeStyle Properties by 172.0% in the fourth quarter. Principal Financial Group Inc. now owns 6,070,817 shares of the real estate investment trust's stock valued at $404,319,000 after purchasing an additional 3,838,809 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of 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 valued at $339,713,000 after purchasing an additional 147,332 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Equity LifeStyle Properties by 592.7% during the fourth 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 during the last quarter. Finally, Geode Capital Management LLC increased its stake 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 period. Institutional investors own 97.21% of the company's stock.

Equity LifeStyle Properties Trading Up 0.5 %

Shares of Equity LifeStyle Properties stock traded up $0.31 on Wednesday, reaching $64.10. 230,605 shares of the company's stock were exchanged, compared to its average volume of 1,298,562. The firm's 50-day moving average is $66.17 and its two-hundred day moving average is $67.46. The company has a market capitalization of $12.25 billion, a P/E ratio of 32.84, a price-to-earnings-growth ratio of 3.02 and a beta of 0.72. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02. 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 released 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. 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 for the quarter, compared to analysts' expectations of $391.34 million. During the same quarter in the prior year, the firm earned $0.59 EPS. Sell-side analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 EPS 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. Investors of record on Friday, June 27th will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.21%. Equity LifeStyle Properties's payout ratio is currently 106.74%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Truist Financial raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Robert W. Baird increased their price objective on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Evercore ISI lowered their target price on Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating for the company in a research report on Tuesday, January 28th. Jefferies Financial Group assumed coverage on Equity LifeStyle Properties in a research report on Tuesday, April 8th. They issued a "buy" rating and a $80.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $66.00 to $73.00 in a research note on Tuesday, January 21st. 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.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.