Corebridge Financial Inc. Has $14.40 Million Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Corebridge Financial Inc. cut its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 216,161 shares of the real estate investment trust’s stock after selling 4,388 shares during the period. Corebridge Financial Inc. owned about 0.11% of Equity LifeStyle Properties worth $14,396,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Congress Wealth Management LLC DE increased its position in Equity LifeStyle Properties by 9.7% in the 4th quarter. Congress Wealth Management LLC DE now owns 11,129 shares of the real estate investment trust’s stock valued at $741,000 after acquiring an additional 985 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Equity LifeStyle Properties by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 25,053,845 shares of the real estate investment trust’s stock worth $1,668,586,000 after acquiring an additional 388,888 shares during the last quarter. LPL Financial LLC boosted its holdings in Equity LifeStyle Properties by 199.3% in the fourth quarter. LPL Financial LLC now owns 52,547 shares of the real estate investment trust’s stock valued at $3,500,000 after acquiring an additional 34,993 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Equity LifeStyle Properties during the 4th quarter worth about $4,074,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Equity LifeStyle Properties by 41.2% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 103,600 shares of the real estate investment trust’s stock valued at $6,900,000 after purchasing an additional 30,252 shares during the period. 97.21% of the stock is owned by institutional investors and hedge funds.

Equity LifeStyle Properties Stock Down 1.5 %

Shares of Equity LifeStyle Properties stock opened at $66.85 on Wednesday. Equity LifeStyle Properties, Inc. has a 52-week low of $59.82 and a 52-week high of $76.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02. The business’s 50 day simple moving average is $66.93 and its 200 day simple moving average is $68.71. The firm has a market cap of $12.78 billion, a PE ratio of 34.28, a P/E/G ratio of 3.02 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS) last announced its earnings results on Monday, January 27th. The real estate investment trust reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. On average, analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $0.515 per share. This is a positive change 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 annualized dividend and a dividend yield of 3.08%. Equity LifeStyle Properties’s payout ratio is 105.64%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Evercore ISI lowered 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 report on Tuesday, January 28th. Robert W. Baird lifted their price objective on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft upgraded shares of 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 report on Tuesday, January 21st. Royal Bank of Canada decreased 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 report on Wednesday, January 29th. Finally, Jefferies Financial Group upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their target price for the stock from $72.00 to $80.00 in a report on Thursday, January 2nd. Three equities research 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. According to MarketBeat.com, Equity LifeStyle Properties presently has an average rating of “Moderate Buy” and an average price target of $73.78.

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.