Cibc World Markets Corp Has $4.24 Million Stock Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Cibc World Markets Corp grew its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,633 shares of the real estate investment trust’s stock after buying an additional 4,017 shares during the period. Cibc World Markets Corp’s holdings in Equity LifeStyle Properties were worth $4,238,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Corient Private Wealth LLC increased its stake in shares of Equity LifeStyle Properties by 1.0% in the fourth quarter. Corient Private Wealth LLC now owns 22,861 shares of the real estate investment trust’s stock valued at $1,523,000 after buying an additional 230 shares during the period. Natixis Advisors LLC grew its stake in Equity LifeStyle Properties by 10.3% during the fourth quarter. Natixis Advisors LLC now owns 29,427 shares of the real estate investment trust’s stock worth $1,960,000 after purchasing an additional 2,751 shares during the period. Fore Capital LLC acquired a new stake in Equity LifeStyle Properties during the fourth quarter worth approximately $1,332,000. Avantax Advisory Services Inc. acquired a new stake in Equity LifeStyle Properties during the fourth quarter worth approximately $774,000. Finally, HighTower Advisors LLC grew its stake in Equity LifeStyle Properties by 2.1% during the fourth quarter. HighTower Advisors LLC now owns 11,446 shares of the real estate investment trust’s stock worth $762,000 after purchasing an additional 238 shares during the period. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity LifeStyle Properties Stock Up 0.1 %

ELS stock opened at $68.48 on Thursday. 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 stock’s 50 day moving average is $66.69 and its 200-day moving average is $68.87. The firm has a market capitalization of $13.09 billion, a PE ratio of 35.12, a P/E/G ratio of 3.02 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS) last posted its earnings results 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%. Sell-side analysts expect that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The business 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 $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend is Friday, March 28th. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. Equity LifeStyle Properties’s dividend payout ratio (DPR) is currently 105.64%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ELS. Robert W. Baird raised 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. Royal Bank of Canada decreased their target price on 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. Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and raised their target price for the stock from $66.00 to $73.00 in a research note on Tuesday, January 21st. Jefferies Financial Group upgraded 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. Finally, Truist Financial upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.78.

Equity LifeStyle Properties 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.