Utah Retirement Systems Raises Stock Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Utah Retirement Systems raised its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 1.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 65,424 shares of the real estate investment trust’s stock after purchasing an additional 700 shares during the quarter. Utah Retirement Systems’ holdings in Equity LifeStyle Properties were worth $4,357,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Equity LifeStyle Properties by 43.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 171 shares in the last quarter. Bessemer Group Inc. raised its holdings in Equity LifeStyle Properties by 121.4% in the 4th quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 210 shares in the last quarter. Carmel Capital Partners LLC lifted its position in shares of Equity LifeStyle Properties by 3.6% in the 4th quarter. Carmel Capital Partners LLC now owns 6,533 shares of the real estate investment trust’s stock worth $435,000 after purchasing an additional 230 shares during the period. Corient Private Wealth LLC boosted its stake in shares of Equity LifeStyle Properties by 1.0% during the 4th quarter. Corient Private Wealth LLC now owns 22,861 shares of the real estate investment trust’s stock valued at $1,523,000 after purchasing an additional 230 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Equity LifeStyle Properties by 7.7% during the fourth quarter. Quadrant Capital Group LLC now owns 3,256 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 232 shares during the period. Institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Price Performance

Shares of NYSE:ELS opened at $64.78 on Friday. The business has a fifty day moving average price of $66.11 and a 200-day moving average price of $67.42. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03. The company has a market capitalization of $12.38 billion, a PE ratio of 33.22, a PEG ratio of 3.02 and a beta of 0.72. Equity LifeStyle Properties, Inc. has a 1-year low of $58.86 and a 1-year high of $76.60.

Equity LifeStyle Properties (NYSE:ELS) last released its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.83. The business had revenue of $327.21 million during the quarter, compared to analyst estimates of $391.34 million. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. During the same period last year, the business earned $0.59 EPS. As a group, equities analysts expect that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be issued a $0.515 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.06 dividend on an annualized basis and a yield of 3.18%. Equity LifeStyle Properties’s payout ratio is currently 106.74%.

Analyst Ratings Changes

Several research firms have weighed in on ELS. Robert W. Baird lifted their price objective on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $66.00 to $73.00 in a research report on Tuesday, January 21st. Jefferies Financial Group started coverage on Equity LifeStyle Properties in a report on Tuesday, April 8th. They issued a “buy” rating and a $80.00 price objective for the company. Evercore ISI dropped their target price on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating on the stock in a report on Tuesday, January 28th. Finally, BMO Capital Markets decreased their price target on shares of Equity LifeStyle Properties from $78.00 to $77.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.33.

Equity LifeStyle Properties Company Profile

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.