Equity Lifestyle Properties, Inc. $ELS Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC raised its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 38.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,006 shares of the real estate investment trust’s stock after buying an additional 28,254 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.05% of Equity Lifestyle Properties worth $6,183,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA grew its position in shares of Equity Lifestyle Properties by 114.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,375,154 shares of the real estate investment trust’s stock worth $326,272,000 after acquiring an additional 2,868,678 shares during the last quarter. Norges Bank purchased a new stake in Equity Lifestyle Properties in the 2nd quarter valued at $164,862,000. Daiwa Securities Group Inc. raised its position in Equity Lifestyle Properties by 253.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 3,147,048 shares of the real estate investment trust’s stock valued at $191,025,000 after purchasing an additional 2,257,299 shares during the last quarter. Centersquare Investment Management LLC boosted its stake in Equity Lifestyle Properties by 2,448.8% during the 3rd quarter. Centersquare Investment Management LLC now owns 1,963,378 shares of the real estate investment trust’s stock worth $119,177,000 after purchasing an additional 1,886,348 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in Equity Lifestyle Properties by 32.5% during the 3rd quarter. Victory Capital Management Inc. now owns 6,823,626 shares of the real estate investment trust’s stock worth $414,194,000 after purchasing an additional 1,674,281 shares during the period. 97.21% of the stock is owned by institutional investors and hedge funds.

Equity Lifestyle Properties Stock Performance

Shares of ELS opened at $62.54 on Tuesday. The stock has a market capitalization of $12.13 billion, a P/E ratio of 31.12, a P/E/G ratio of 3.45 and a beta of 0.75. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.04 and a current ratio of 0.04. Equity Lifestyle Properties, Inc. has a 1 year low of $58.15 and a 1 year high of $69.15. The company’s fifty day moving average is $65.74 and its two-hundred day moving average is $63.01.

Equity Lifestyle Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be issued a $0.5425 dividend. The ex-dividend date of this dividend is Friday, March 27th. This is a positive change from Equity Lifestyle Properties’s previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a dividend yield of 3.5%. Equity Lifestyle Properties’s payout ratio is presently 107.96%.

Insider Activity

In other news, Director David J. Contis sold 3,000 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $67.22, for a total transaction of $201,660.00. Following the transaction, the director directly owned 14,890 shares in the company, valued at $1,000,905.80. The trade was a 16.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ELS has been the topic of a number of recent research reports. Zelman & Associates assumed coverage on shares of Equity Lifestyle Properties in a research note on Monday, March 16th. They issued an “underperform” rating and a $59.25 price objective on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating and set a $65.00 target price for the company. in a research note on Tuesday, January 20th. Robert W. Baird set a $73.00 price target on Equity Lifestyle Properties in a report on Friday, January 30th. Truist Financial boosted their price target on Equity Lifestyle Properties from $66.00 to $69.00 and gave the company a “hold” rating in a research report on Wednesday, February 18th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $70.00 price objective (up from $68.00) on shares of Equity Lifestyle Properties in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $69.63.

About Equity Lifestyle Properties

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.