Alberta Investment Management Corp Buys 57,300 Shares of Equity Lifestyle Properties, Inc. $ELS

Alberta Investment Management Corp increased its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 311.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 75,700 shares of the real estate investment trust’s stock after acquiring an additional 57,300 shares during the period. Alberta Investment Management Corp’s holdings in Equity Lifestyle Properties were worth $4,595,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ELS. Bessemer Group Inc. increased its position in shares of Equity Lifestyle Properties by 126.9% during the 3rd quarter. Bessemer Group Inc. now owns 574 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 321 shares during the last quarter. Allworth Financial LP grew its stake in shares of Equity Lifestyle Properties by 204.1% in the second quarter. Allworth Financial LP now owns 660 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 443 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Equity Lifestyle Properties by 81.8% during the third quarter. Smartleaf Asset Management LLC now owns 840 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 378 shares during the last quarter. Wilmington Savings Fund Society FSB raised its position in Equity Lifestyle Properties by 27.4% during the third quarter. Wilmington Savings Fund Society FSB now owns 1,250 shares of the real estate investment trust’s stock worth $76,000 after acquiring an additional 269 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Equity Lifestyle Properties by 21.9% in the third quarter. Farther Finance Advisors LLC now owns 1,974 shares of the real estate investment trust’s stock valued at $120,000 after acquiring an additional 354 shares during the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Equity Lifestyle Properties Trading Up 0.1%

ELS stock opened at $67.16 on Friday. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $70.35. The company has a market capitalization of $13.02 billion, a PE ratio of 33.41, a price-to-earnings-growth ratio of 3.72 and a beta of 0.76. The company’s 50-day simple moving average is $63.01 and its 200 day simple moving average is $61.88. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.05 and a current ratio of 0.04.

Equity Lifestyle Properties Increases Dividend

The firm 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 dividend of $0.5425 per share. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, March 27th. Equity Lifestyle Properties’s payout ratio is 102.49%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a research note on Tuesday, January 20th. Wells Fargo & Company lowered their price target on Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $75.00 price objective (up from $72.00) on shares of Equity Lifestyle Properties in a research report on Wednesday. Zacks Research lowered Equity Lifestyle Properties from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Finally, Barclays restated an “overweight” rating and issued a $71.00 price target (up previously from $68.00) on shares of Equity Lifestyle Properties in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Equity Lifestyle Properties has a consensus rating of “Moderate Buy” and an average price target of $70.27.

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.