OFI Invest Asset Management bought a new stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,241 shares of the real estate investment trust's stock, valued at approximately $659,000.
Several other large investors have also recently modified their holdings of the stock. Principal Financial Group Inc. increased its position in shares of Equity LifeStyle Properties by 172.0% during the 4th 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. increased its position in shares of Equity LifeStyle Properties by 3.2% during the 3rd 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 during the last quarter. Victory Capital Management Inc. increased its position in shares of Equity LifeStyle Properties by 0.9% during the 3rd quarter. Victory Capital Management Inc. now owns 4,649,670 shares of the real estate investment trust's stock valued at $331,707,000 after purchasing an additional 39,864 shares during the last quarter. Geode Capital Management LLC grew its position in Equity LifeStyle Properties by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,833,596 shares of the real estate investment trust's stock valued at $273,014,000 after acquiring an additional 65,191 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Equity LifeStyle Properties by 4.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,553,330 shares of the real estate investment trust's stock worth $170,052,000 after purchasing an additional 112,139 shares during the period. Institutional investors own 97.21% of the company's stock.
Shares of ELS stock opened at $68.56 on Monday. Equity LifeStyle Properties, Inc. has a 1-year low of $59.82 and a 1-year high of $76.60. The stock's 50-day moving average is $66.48 and its 200 day moving average is $69.04. The company has a market cap of $13.10 billion, a P/E ratio of 35.16, a PEG ratio of 3.02 and a beta of 0.79. 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 quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share for the quarter, meeting analysts' consensus estimates of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. Research analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.00%. The ex-dividend date is Friday, March 28th. This is an increase from Equity LifeStyle Properties's previous quarterly dividend of $0.48. Equity LifeStyle Properties's dividend payout ratio (DPR) is currently 105.64%.
ELS has been the topic of a number of recent analyst reports. Robert W. Baird increased their target price on Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Evercore ISI reduced their target price on Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating on the stock in a research note on Tuesday, January 28th. Royal Bank of Canada reduced their target price 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. Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating and increased their target price for the stock from $66.00 to $73.00 in a research note on Tuesday, January 21st. Finally, Truist Financial upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $73.78.
View Our Latest Stock Report on Equity LifeStyle Properties
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Equity LifeStyle Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Equity LifeStyle Properties wasn't on the list.
While Equity LifeStyle Properties currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.