UniSuper Management Pty Ltd Has $3.71 Million Stake in Equity LifeStyle Properties, Inc. (NYSE:ELS)

UniSuper Management Pty Ltd lowered its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 2.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 55,700 shares of the real estate investment trust’s stock after selling 1,584 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Equity LifeStyle Properties were worth $3,710,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Elo Mutual Pension Insurance Co grew its holdings in Equity LifeStyle Properties by 14.4% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 18,010 shares of the real estate investment trust’s stock valued at $1,199,000 after purchasing an additional 2,273 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Equity LifeStyle Properties by 9.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 259,461 shares of the real estate investment trust’s stock worth $17,589,000 after acquiring an additional 22,604 shares during the last quarter. Congress Wealth Management LLC DE boosted its holdings in Equity LifeStyle Properties by 9.7% during the fourth 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 during the period. Vanguard Group Inc. grew its position in shares of Equity LifeStyle Properties by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 25,053,845 shares of the real estate investment trust’s stock valued at $1,668,586,000 after purchasing an additional 388,888 shares during the last quarter. Finally, LPL Financial LLC increased its stake in shares of 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 worth $3,500,000 after purchasing an additional 34,993 shares during the period. Institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Stock Performance

NYSE ELS opened at $66.39 on Friday. The stock has a market cap of $12.69 billion, a P/E ratio of 34.04, a PEG ratio of 3.02 and a beta of 0.79. The company has a quick ratio of 0.03, a current ratio of 0.02 and a debt-to-equity ratio of 0.15. Equity LifeStyle Properties, Inc. has a twelve month low of $59.82 and a twelve month high of $76.60. The company’s 50-day simple moving average is $66.97 and its 200 day simple moving average is $68.62.

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

Equity LifeStyle Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a dividend of $0.515 per share. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. This represents a $2.06 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Friday, March 28th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is currently 105.64%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ELS shares. Evercore ISI lowered their target price on 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. Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and boosted their target price for the stock from $66.00 to $73.00 in a research 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 on the stock in a research report on Wednesday, January 29th. Jefferies Financial Group raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $72.00 to $80.00 in a research report on Thursday, January 2nd. Finally, Truist Financial raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.78.

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.