Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 31.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 84,332 shares of the real estate investment trust’s stock after buying an additional 20,011 shares during the quarter. Wells Fargo & Company MN’s holdings in Equity LifeStyle Properties were worth $5,617,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. MML Investors Services LLC raised its position in shares of Equity LifeStyle Properties by 10.4% during the third quarter. MML Investors Services LLC now owns 8,202 shares of the real estate investment trust’s stock worth $585,000 after purchasing an additional 770 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Equity LifeStyle Properties in the 3rd quarter worth about $72,000. Destination Wealth Management acquired a new stake in Equity LifeStyle Properties during the 3rd quarter worth about $262,000. Tidal Investments LLC raised its holdings in Equity LifeStyle Properties by 15.8% during the 3rd quarter. Tidal Investments LLC now owns 112,115 shares of the real estate investment trust’s stock worth $7,998,000 after buying an additional 15,310 shares during the period. Finally, Franklin Resources Inc. lifted its stake in Equity LifeStyle Properties by 7.9% during the third quarter. Franklin Resources Inc. now owns 809,801 shares of the real estate investment trust’s stock valued at $55,034,000 after buying an additional 59,243 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Analyst Upgrades and Downgrades

ELS has been the topic of a number of recent analyst reports. Robert W. Baird boosted their price target on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Royal Bank of Canada cut their target price on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 29th. Evercore ISI reduced their target price on Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating for the company in a report on Tuesday, January 28th. BMO Capital Markets upgraded Equity LifeStyle Properties from a “market perform” rating to an “outperform” rating and set a $78.00 price target on the stock in a report on Friday, April 4th. Finally, Truist Financial raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Equity LifeStyle Properties currently has a consensus rating of “Moderate Buy” and an average price target of $74.20.

Equity LifeStyle Properties Stock Up 0.6 %

ELS opened at $65.32 on Friday. The company has a market capitalization of $12.49 billion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 3.02 and a beta of 0.72. 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, Inc. has a fifty-two week low of $58.86 and a fifty-two week high of $76.60. The business has a 50-day moving average of $66.48 and a 200-day moving average of $67.67.

Equity LifeStyle Properties (NYSE:ELS) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 EPS for the quarter, hitting analysts’ consensus estimates of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. Equities research analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.15%. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. The ex-dividend date was Friday, March 28th. Equity LifeStyle Properties’s dividend payout ratio is presently 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.