19 hours Ago By ABMN Staff
Empowered Funds LLC acquired a new position in Equity LifeStyle Properties, Inc. ( NYSE:ELS – Free Report ) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,712 shares of the real estate investment trust’s stock, valued at approximately $380,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geneos Wealth Management Inc. purchased a new position in shares of Equity LifeStyle Properties in the fourth quarter worth $30,000.
Board of the Pension Protection Fund purchased a new position in Equity LifeStyle Properties during the fourth quarter worth $33,000. MassMutual Private Wealth & Trust FSB grew its holdings in Equity LifeStyle Properties by 43.5% during the 4th quarter.
MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 171 shares during the last quarter. UMB Bank n.a.
raised its holdings in shares of Equity LifeStyle Properties by 68.2% in the fourth quarter. UMB Bank n.
a. now owns 898 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 364 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Equity LifeStyle Properties during the third quarter worth $72,000.
97.21% of the stock is owned by hedge funds and other institutional investors. Equity LifeStyle Properties Stock Up 1.
5 % ELS opened at $66.21 on Friday. The stock has a market capitalization of $12.
65 billion, a price-to-earnings ratio of 33.95, a PEG ratio of 2.98 and a beta of 0.
79. Equity LifeStyle Properties, Inc. has a fifty-two week low of $59.
82 and a fifty-two week high of $76.60. The company has a debt-to-equity ratio of 0.
15, a quick ratio of 0.03 and a current ratio of 0.02.
The company has a fifty day moving average of $66.34 and a two-hundred day moving average of $69.30.
Equity LifeStyle Properties Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.515 per share.
This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 28th.
This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.11%.
Equity LifeStyle Properties’s dividend payout ratio is presently 97.95%. Wall Street Analysts Forecast Growth ELS has been the subject of several research analyst reports.
Evercore ISI decreased their price target on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating for the company in a research note on Tuesday, January 28th.
Robert W. Baird lifted their price objective on shares of Equity LifeStyle Properties from $72.00 to $73.
00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Jefferies Financial Group raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and upped their target price for the company from $72.00 to $80.
00 in a research report on Thursday, January 2nd. Royal Bank of Canada decreased their price target on shares of 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. Finally, Truist Financial raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Three research 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 stock.
Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $73.78.
Get Our Latest Report on Equity LifeStyle Properties About Equity LifeStyle Properties ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding ELS? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Equity LifeStyle Properties, Inc. ( NYSE:ELS – Free Report ). Receive News & Ratings for Equity LifeStyle Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity LifeStyle Properties and related companies with MarketBeat.
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