Vanderbilt University Lowers Stock Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Vanderbilt University reduced its position in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 54.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,248 shares of the real estate investment trust’s stock after selling 15,935 shares during the quarter. Vanderbilt University’s holdings in Equity LifeStyle Properties were worth $882,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ELS. Retirement Systems of Alabama increased its stake in Equity LifeStyle Properties by 2.0% during the 4th quarter. Retirement Systems of Alabama now owns 294,599 shares of the real estate investment trust’s stock worth $19,620,000 after buying an additional 5,723 shares during the period. abrdn plc grew its stake in shares of Equity LifeStyle Properties by 21.8% in the fourth quarter. abrdn plc now owns 100,823 shares of the real estate investment trust’s stock worth $6,660,000 after acquiring an additional 18,027 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Equity LifeStyle Properties by 3.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 178,118 shares of the real estate investment trust’s stock worth $11,863,000 after acquiring an additional 5,500 shares during the period. Vert Asset Management LLC raised its stake in shares of Equity LifeStyle Properties by 9.8% in 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 acquiring an additional 7,092 shares in the last quarter. Finally, Hunter Perkins Capital Management LLC boosted its holdings in Equity LifeStyle Properties by 11.8% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 300,543 shares of the real estate investment trust’s stock valued at $20,118,000 after purchasing an additional 31,734 shares during the period. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ELS. Compass Point upped their price target on Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and upped their target price for the stock from $66.00 to $73.00 in a research note on Tuesday, January 21st. 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. Jefferies Financial Group raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and increased their price objective for the company from $72.00 to $80.00 in a research report on Thursday, January 2nd. Finally, Truist Financial upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $73.90.

Equity LifeStyle Properties Trading Up 1.6 %

NYSE ELS opened at $66.04 on Thursday. Equity LifeStyle Properties, Inc. has a 12 month low of $59.82 and a 12 month high of $76.60. The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of 33.87, a price-to-earnings-growth ratio of 2.78 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. The firm’s fifty day moving average price is $67.20 and its 200 day moving average price is $69.46.

Equity LifeStyle Properties (NYSE:ELS) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $0.76 EPS for the quarter, hitting analysts’ consensus estimates of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. On average, sell-side analysts expect that Equity LifeStyle Properties, Inc. will post 3.1 earnings per share for the current fiscal year.

About 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.