Centersquare Investment Management LLC Grows Stock Position in Equity Lifestyle Properties, Inc. $ELS

Centersquare Investment Management LLC boosted its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 2,448.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,963,378 shares of the real estate investment trust’s stock after acquiring an additional 1,886,348 shares during the period. Centersquare Investment Management LLC owned 1.01% of Equity Lifestyle Properties worth $119,177,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empowered Funds LLC grew its holdings in shares of Equity Lifestyle Properties by 14.1% during the 1st quarter. Empowered Funds LLC now owns 6,516 shares of the real estate investment trust’s stock worth $435,000 after purchasing an additional 804 shares during the period. Jane Street Group LLC raised its holdings in Equity Lifestyle Properties by 598.5% in the 1st quarter. Jane Street Group LLC now owns 119,397 shares of the real estate investment trust’s stock valued at $7,964,000 after buying an additional 102,303 shares during the period. Intech Investment Management LLC lifted its position in Equity Lifestyle Properties by 62.3% in the first quarter. Intech Investment Management LLC now owns 23,114 shares of the real estate investment trust’s stock valued at $1,542,000 after buying an additional 8,873 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Equity Lifestyle Properties by 3.5% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 583,400 shares of the real estate investment trust’s stock worth $35,978,000 after buying an additional 19,719 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Equity Lifestyle Properties by 6.2% during the second quarter. Envestnet Asset Management Inc. now owns 295,481 shares of the real estate investment trust’s stock valued at $18,222,000 after acquiring an additional 17,164 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ELS shares. Robert W. Baird set a $73.00 price target on shares of Equity Lifestyle Properties in a research note on Friday, January 30th. Deutsche Bank Aktiengesellschaft lowered 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. UBS Group set a $67.00 price target on Equity Lifestyle Properties and gave the stock a “buy” rating in a research report on Thursday, January 8th. Bank of America raised Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Tuesday, February 3rd. Finally, Wall Street Zen raised Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research note on Sunday, February 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $70.27.

Equity Lifestyle Properties Stock Performance

NYSE:ELS opened at $67.85 on Thursday. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $70.35. The company has a fifty day simple moving average of $63.47 and a two-hundred day simple moving average of $62.07. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.30. The company has a market cap of $13.16 billion, a price-to-earnings ratio of 33.76, a price-to-earnings-growth ratio of 3.79 and a beta of 0.76.

Equity Lifestyle Properties Increases Dividend

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

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.