Yousif Capital Management LLC Has $4.94 Million Stock Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Yousif Capital Management LLC cut its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 2.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,112 shares of the real estate investment trust’s stock after selling 1,669 shares during the quarter. Yousif Capital Management LLC’s holdings in Equity LifeStyle Properties were worth $4,936,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new stake in Equity LifeStyle Properties during the 2nd quarter worth $1,010,000. GAMMA Investing LLC boosted its holdings in Equity LifeStyle Properties by 74.6% during the third quarter. GAMMA Investing LLC now owns 1,430 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 611 shares during the last quarter. CWM LLC grew its position in Equity LifeStyle Properties by 26.3% in the third quarter. CWM LLC now owns 2,367 shares of the real estate investment trust’s stock valued at $169,000 after purchasing an additional 493 shares in the last quarter. UMB Bank n.a. increased its stake in Equity LifeStyle Properties by 356.4% in the 3rd quarter. UMB Bank n.a. now owns 534 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 417 shares during the last quarter. Finally, Tobam lifted its position in Equity LifeStyle Properties by 27.3% during the 3rd quarter. Tobam now owns 1,425 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 306 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Stock Performance

NYSE ELS opened at $66.38 on Friday. Equity LifeStyle Properties, Inc. has a 52-week low of $59.82 and a 52-week high of $76.60. The stock has a market cap of $12.68 billion, a PE ratio of 34.04, a P/E/G ratio of 2.78 and a beta of 0.79. The firm has a 50-day moving average of $67.09 and a 200-day moving average of $69.44. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02.

Equity LifeStyle Properties (NYSE:ELS) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (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 anticipate that Equity LifeStyle Properties, Inc. will post 3.1 EPS for the current year.

Equity LifeStyle Properties Increases Dividend

The company 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 represents a $2.06 dividend on an annualized basis and a dividend yield of 3.10%. 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 97.95%.

Analyst Ratings Changes

ELS has been the topic of a number of recent research reports. Robert W. Baird lifted their target price on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Truist Financial raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Jefferies Financial Group raised 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 report on Thursday, January 2nd. Evercore ISI lowered their target price 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. Finally, Royal Bank of Canada cut 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 research note on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Equity LifeStyle Properties presently has an average rating of “Moderate Buy” and an average price target of $73.90.

Equity LifeStyle Properties Company 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.