Mitsubishi UFJ Asset Management Co. Ltd. Has $17.59 Million Stake in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 259,461 shares of the real estate investment trust’s stock after acquiring an additional 22,604 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Equity LifeStyle Properties were worth $17,589,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Equity LifeStyle Properties by 43.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 171 shares during the last quarter. Carmel Capital Partners LLC boosted its position in Equity LifeStyle Properties by 3.6% in the fourth quarter. Carmel Capital Partners LLC now owns 6,533 shares of the real estate investment trust’s stock valued at $435,000 after buying an additional 230 shares in the last quarter. Corient Private Wealth LLC grew its stake in Equity LifeStyle Properties by 1.0% during the fourth quarter. Corient Private Wealth LLC now owns 22,861 shares of the real estate investment trust’s stock worth $1,523,000 after buying an additional 230 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of 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 buying an additional 238 shares in the last quarter. Finally, iA Global Asset Management Inc. raised its stake in shares of Equity LifeStyle Properties by 7.2% in the fourth quarter. iA Global Asset Management Inc. now owns 3,800 shares of the real estate investment trust’s stock valued at $253,000 after acquiring an additional 256 shares during the last quarter. 97.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ELS shares. Evercore ISI decreased their price target on Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating on the stock in a research report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft upgraded 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. Robert W. Baird lifted their price target on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Truist Financial raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Finally, Jefferies Financial Group raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and boosted their target price for the stock from $72.00 to $80.00 in a research note on Thursday, January 2nd. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $73.78.

Equity LifeStyle Properties Trading Up 1.0 %

ELS opened at $66.39 on Monday. The firm has a 50 day simple moving average of $66.97 and a 200 day simple moving average of $68.53. Equity LifeStyle Properties, Inc. has a fifty-two week low of $59.82 and a fifty-two week high of $76.60. The company has a market cap of $12.69 billion, a price-to-earnings ratio of 34.04, a price-to-earnings-growth ratio of 3.02 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.

Equity LifeStyle Properties (NYSE:ELS) last issued its 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 net margin of 24.05% and a return on equity of 23.12%. On average, sell-side analysts anticipate that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current 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 given a dividend of $0.515 per share. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. This represents a $2.06 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Friday, March 28th. Equity LifeStyle Properties’s payout ratio is presently 105.64%.

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.