3 days Ago By ABMN Staff
Schroder Investment Management Group reduced its holdings in shares of Equity LifeStyle Properties, Inc. ( NYSE:ELS – Free Report ) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 18,276 shares of the real estate investment trust’s stock after selling 485 shares during the quarter. Schroder Investment Management Group’s holdings in Equity LifeStyle Properties were worth $1,207,000 at the end of the most recent quarter. A number of other institutional investors also recently modified their holdings of ELS.
Arrowstreet Capital Limited Partnership raised its holdings in Equity LifeStyle Properties by 13.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 715,181 shares of the real estate investment trust’s stock valued at $47,631,000 after acquiring an additional 83,903 shares during the period.
DnB Asset Management AS raised its stake in shares of Equity LifeStyle Properties by 5.8% during the 4th quarter. DnB Asset Management AS now owns 29,785 shares of the real estate investment trust’s stock valued at $1,984,000 after purchasing an additional 1,630 shares during the period.
Pictet Asset Management Holding SA raised its stake in shares of Equity LifeStyle Properties by 0.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 99,253 shares of the real estate investment trust’s stock valued at $6,610,000 after purchasing an additional 587 shares during the period.
Nomura Asset Management Co. Ltd. lifted its holdings in Equity LifeStyle Properties by 7.
2% during the 4th quarter. Nomura Asset Management Co. Ltd.
now owns 301,289 shares of the real estate investment trust’s stock worth $20,066,000 after purchasing an additional 20,290 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. bought a new position in Equity LifeStyle Properties in the 4th quarter worth about $222,000.
97.21% of the stock is currently owned by hedge funds and other institutional investors. Equity LifeStyle Properties Trading Down 3.
1 % NYSE ELS opened at $65.94 on Monday. The stock’s 50-day simple moving average is $66.
98 and its two-hundred day simple moving average is $68.25. Equity LifeStyle Properties, Inc.
has a twelve month low of $59.82 and a twelve month high of $76.60.
The company has a quick ratio of 0.03, a current ratio of 0.02 and a debt-to-equity ratio of 0.
15. The company has a market capitalization of $12.60 billion, a price-to-earnings ratio of 33.
82, a PEG ratio of 3.02 and a beta of 0.72.
Equity LifeStyle Properties Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $0.515 dividend.
This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 28th.
This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.12%.
Equity LifeStyle Properties’s dividend payout ratio is 105.64%. Analyst Ratings Changes ELS has been the topic of a number of recent analyst reports.
Jefferies Financial Group raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and increased their price target for the stock from $72.00 to $80.00 in a report on Thursday, January 2nd.
Royal Bank of Canada lowered their target price on shares of 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.
Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and boosted their price target for the company from $66.00 to $73.00 in a research report on Tuesday, January 21st.
Evercore ISI lowered their price objective on Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating on the stock in a research report on Tuesday, January 28th.
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, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $74.
20. View Our Latest Analysis on Equity LifeStyle Properties Equity LifeStyle Properties Profile ( 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.
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