T. Rowe Price Investment Management Inc. Has $35.93 Million Stake in Equity LifeStyle Properties, Inc. (NYSE:ELS)

T. Rowe Price Investment Management Inc. lowered its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 539,470 shares of the real estate investment trust's stock after selling 17,437 shares during the period. T. Rowe Price Investment Management Inc. owned about 0.28% of Equity LifeStyle Properties worth $35,929,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ELS. Empowered Funds LLC bought a new stake in Equity LifeStyle Properties in the fourth quarter worth about $380,000. Vert Asset Management LLC grew its position in Equity LifeStyle Properties by 9.8% during the fourth quarter. Vert Asset Management LLC now owns 79,516 shares of the real estate investment trust's stock valued at $5,296,000 after purchasing an additional 7,092 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Equity LifeStyle Properties by 6.4% in the fourth quarter. Nordea Investment Management AB now owns 21,574 shares of the real estate investment trust's stock worth $1,432,000 after acquiring an additional 1,301 shares during the last quarter. Lecap Asset Management Ltd. raised its stake in shares of Equity LifeStyle Properties by 185.8% during the 4th quarter. Lecap Asset Management Ltd. now owns 24,882 shares of the real estate investment trust's stock worth $1,657,000 after purchasing an additional 16,176 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in Equity LifeStyle Properties by 0.9% in the fourth quarter. Van ECK Associates Corp now owns 82,239 shares of the real estate investment trust's stock valued at $5,477,000 after acquiring an additional 759 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors.

Equity LifeStyle Properties Price Performance

Shares of ELS stock traded up $0.00 during trading hours on Thursday, reaching $64.78. 1,569,254 shares of the company were exchanged, compared to its average volume of 1,548,964. 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 market cap of $12.38 billion, a price-to-earnings ratio of 33.22, a P/E/G ratio of 3.02 and a beta of 0.72. The stock's fifty day moving average is $66.15 and its two-hundred day moving average is $67.44. Equity LifeStyle Properties, Inc. has a fifty-two week low of $58.86 and a fifty-two week high of $76.60.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $391.34 million. During the same period last year, the firm earned $0.59 EPS. Sell-side analysts forecast 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. Investors of record on Friday, June 27th will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Friday, June 27th. Equity LifeStyle Properties's dividend payout ratio (DPR) is 106.74%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. BMO Capital Markets decreased their price target on Equity LifeStyle Properties from $78.00 to $77.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. 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. Truist Financial dropped their price target 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. Robert W. Baird lifted 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. Finally, Jefferies Financial Group started 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. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $74.33.

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.