4,026 Shares in Equity LifeStyle Properties, Inc. (NYSE:ELS) Bought by Callan Family Office LLC

Callan Family Office LLC purchased a new stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,026 shares of the real estate investment trust’s stock, valued at approximately $268,000.

Several other institutional investors have also recently bought and sold shares of the business. National Pension Service bought a new stake in shares of Equity LifeStyle Properties during the fourth quarter worth about $25,000. Geneos Wealth Management Inc. acquired a new position in Equity LifeStyle Properties during the 4th quarter valued at about $30,000. Board of the Pension Protection Fund bought a new stake in Equity LifeStyle Properties during the 4th quarter worth approximately $33,000. MassMutual Private Wealth & Trust FSB increased its holdings in Equity LifeStyle Properties by 43.5% during 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 in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Equity LifeStyle Properties by 68.2% in the fourth quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 364 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Analyst Upgrades and Downgrades

ELS has been the topic of several analyst reports. Royal Bank of Canada cut their target price on 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. Evercore ISI cut their price objective 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. Jefferies Financial Group upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and increased their target price for the company from $72.00 to $80.00 in a report on Thursday, January 2nd. Robert W. Baird raised their price target on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and upped their price objective for the stock from $66.00 to $73.00 in a research report on Tuesday, January 21st. Three 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, the company currently has an average rating of “Moderate Buy” and an average price target of $73.78.

Equity LifeStyle Properties Stock Performance

NYSE ELS opened at $68.63 on Tuesday. 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 company has a market capitalization of $13.12 billion, a PE ratio of 35.19, a price-to-earnings-growth ratio of 3.02 and a beta of 0.79. The company has a 50-day simple moving average of $66.48 and a 200 day simple moving average of $69.04. Equity LifeStyle Properties, Inc. has a 52-week low of $59.82 and a 52-week high of $76.60.

Equity LifeStyle Properties (NYSE:ELS) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) 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%. On average, research analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 EPS 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. Shareholders of record on Friday, March 28th will be given a dividend of $0.515 per share. The ex-dividend date is Friday, March 28th. This represents a $2.06 annualized dividend and a dividend yield of 3.00%. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. Equity LifeStyle Properties’s dividend payout ratio is currently 105.64%.

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.