Equity Lifestyle Properties, Inc. $ELS Shares Purchased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co increased its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 125.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,906 shares of the real estate investment trust’s stock after buying an additional 13,304 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Equity Lifestyle Properties were worth $1,451,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Equity Lifestyle Properties in the third quarter valued at approximately $1,243,000. Andra AP fonden grew its stake in Equity Lifestyle Properties by 34.9% in the 2nd quarter. Andra AP fonden now owns 352,400 shares of the real estate investment trust’s stock valued at $21,733,000 after acquiring an additional 91,100 shares during the period. Achmea Investment Management B.V. acquired a new stake in Equity Lifestyle Properties in the 2nd quarter valued at $1,039,000. AEGON ASSET MANAGEMENT UK Plc increased its holdings in Equity Lifestyle Properties by 910.4% in the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 100,390 shares of the real estate investment trust’s stock worth $6,091,000 after acquiring an additional 90,454 shares in the last quarter. Finally, Creative Planning raised its position in Equity Lifestyle Properties by 191.3% during the second quarter. Creative Planning now owns 30,420 shares of the real estate investment trust’s stock worth $1,876,000 after acquiring an additional 19,977 shares during the period. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ELS shares. Zacks Research upgraded shares of Equity Lifestyle Properties from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Lifestyle Properties in a research note on Thursday, January 22nd. Truist Financial lifted their price objective on Equity Lifestyle Properties from $66.00 to $69.00 and gave the stock a “hold” rating in a report on Wednesday, February 18th. Royal Bank Of Canada reissued an “outperform” rating and set a $70.00 target price on shares of Equity Lifestyle Properties in a report on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft downgraded Equity Lifestyle Properties from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a research report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $70.42.

Equity Lifestyle Properties Price Performance

ELS stock opened at $67.79 on Friday. Equity Lifestyle Properties, Inc. has a 1 year low of $58.15 and a 1 year high of $70.35. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a market capitalization of $13.15 billion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 3.77 and a beta of 0.75. The business has a 50 day simple moving average of $64.24 and a 200-day simple moving average of $62.37.

Equity Lifestyle Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be issued a dividend of $0.5425 per share. The ex-dividend date is Friday, March 27th. This represents a $2.17 annualized dividend and a dividend yield of 3.2%. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.52. Equity Lifestyle Properties’s payout ratio is presently 102.49%.

Equity Lifestyle Properties Profile

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.