Dimensional Fund Advisors LP Buys 70,725 Shares of Equity Lifestyle Properties, Inc. $ELS

Dimensional Fund Advisors LP boosted its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,746,011 shares of the real estate investment trust’s stock after purchasing an additional 70,725 shares during the period. Dimensional Fund Advisors LP owned about 1.42% of Equity Lifestyle Properties worth $166,675,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA increased its stake in shares of Equity Lifestyle Properties by 114.5% in 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 buying an additional 2,868,678 shares during the period. Norges Bank purchased a new stake in shares of Equity Lifestyle Properties during the second quarter worth about $164,862,000. Centersquare Investment Management LLC increased its holdings 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 valued at $119,177,000 after purchasing an additional 1,886,348 shares during the period. Victory Capital Management Inc. lifted its holdings in Equity Lifestyle Properties by 32.5% in 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 buying an additional 1,674,281 shares during the period. Finally, Royal London Asset Management Ltd. grew its position in shares of Equity Lifestyle Properties by 1,520.4% in the 2nd quarter. Royal London Asset Management Ltd. now owns 1,771,803 shares of the real estate investment trust’s stock worth $109,267,000 after buying an additional 1,662,458 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Price Performance

Shares of NYSE ELS opened at $67.62 on Tuesday. The firm has a market cap of $13.11 billion, a P/E ratio of 33.64, a PEG ratio of 3.74 and a beta of 0.75. Equity Lifestyle Properties, Inc. has a twelve month low of $58.15 and a twelve month high of $70.35. 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 50 day moving average of $64.49 and a 200 day moving average of $62.50.

Equity Lifestyle Properties Increases Dividend

The firm 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 of this dividend is Friday, March 27th. This is an increase from Equity Lifestyle Properties’s previous quarterly dividend of $0.52. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.2%. Equity Lifestyle Properties’s dividend payout ratio is currently 102.49%.

Wall Street Analysts Forecast Growth

ELS has been the topic of several recent analyst reports. Robert W. Baird set a $73.00 price target on shares of Equity Lifestyle Properties in a report on Friday, January 30th. Royal Bank Of Canada reiterated an “outperform” rating and set a $70.00 price target on shares of Equity Lifestyle Properties in a research report on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Lifestyle Properties in a research report on Thursday, January 22nd. Truist Financial increased their target price on Equity Lifestyle Properties from $66.00 to $69.00 and gave the stock a “hold” rating in a research report on Wednesday, February 18th. Finally, UBS Group set a $67.00 price target on Equity Lifestyle Properties and gave the company a “buy” rating in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Equity Lifestyle Properties currently has an average rating of “Moderate Buy” and an average target price of $70.42.

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.