Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Sold by Uniplan Investment Counsel Inc.

Uniplan Investment Counsel Inc. lowered its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 275,892 shares of the real estate investment trust's stock after selling 5,935 shares during the period. Equity LifeStyle Properties comprises 1.7% of Uniplan Investment Counsel Inc.'s portfolio, making the stock its 16th largest holding. Uniplan Investment Counsel Inc. owned 0.14% of Equity LifeStyle Properties worth $18,374,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB boosted its holdings in Equity LifeStyle Properties by 43.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust's stock worth $38,000 after buying an additional 171 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Equity LifeStyle Properties by 121.4% during the fourth 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. Carmel Capital Partners LLC boosted its holdings in Equity LifeStyle Properties by 3.6% during the fourth quarter. Carmel Capital Partners LLC now owns 6,533 shares of the real estate investment trust's stock worth $435,000 after buying an additional 230 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in Equity LifeStyle Properties by 1.0% during the fourth quarter. Corient Private Wealth LLC now owns 22,861 shares of the real estate investment trust's stock worth $1,523,000 after buying an additional 230 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Equity LifeStyle Properties by 7.7% in the fourth quarter. Quadrant Capital Group LLC now owns 3,256 shares of the real estate investment trust's stock valued at $217,000 after purchasing an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on ELS shares. 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 report on Tuesday, January 28th. Robert W. Baird upped their price target on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft raised shares of 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 report on Tuesday, January 21st. Truist Financial raised shares of Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Finally, Royal Bank of Canada reduced their price target on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a "sector perform" rating on the stock in a report on Wednesday, January 29th. Three 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's stock. According to data from MarketBeat.com, Equity LifeStyle Properties has an average rating of "Moderate Buy" and a consensus price target of $74.33.

Equity LifeStyle Properties Trading Down 0.5 %

NYSE:ELS traded down $0.30 during trading hours on Friday, reaching $63.11. 1,196,720 shares of the company were exchanged, compared to its average volume of 1,303,097. Equity LifeStyle Properties, Inc. has a 52-week low of $58.86 and a 52-week high of $76.60. The stock has a 50 day simple moving average of $66.25 and a 200 day simple moving average of $67.51. The firm has a market cap of $12.06 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 3.02 and a beta of 0.72. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03.

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) last issued its earnings results 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 business had revenue of $327.21 million for the quarter, compared to analyst estimates of $391.34 million. During the same period last year, the company posted $0.59 EPS. As a group, analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.

Equity LifeStyle Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors 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 dividend on an annualized basis and a yield of 3.26%. This is a boost from Equity LifeStyle Properties's previous quarterly dividend of $0.48. Equity LifeStyle Properties's dividend payout ratio (DPR) is presently 106.74%.

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.