Centiva Capital LP Purchases 21,113 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Centiva Capital LP grew its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 138.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 36,338 shares of the real estate investment trust’s stock after acquiring an additional 21,113 shares during the quarter. Centiva Capital LP’s holdings in Equity LifeStyle Properties were worth $2,420,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. National Pension Service bought a new position in Equity LifeStyle Properties during the fourth quarter valued at $25,000. Bessemer Group Inc. lifted its holdings in shares of 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 valued at $25,000 after acquiring an additional 210 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in Equity LifeStyle Properties in the fourth quarter worth about $30,000. Board of the Pension Protection Fund bought a new stake in Equity LifeStyle Properties during the fourth quarter worth approximately $33,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in 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 purchasing an additional 171 shares during the period. 97.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ELS. Truist Financial dropped their target price on Equity LifeStyle Properties from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Jefferies Financial Group started coverage on shares of Equity LifeStyle Properties in a research note on Tuesday, April 8th. They issued a “buy” rating and a $80.00 price target on the stock. Royal Bank of Canada lowered their price objective on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and raised their target price for the stock from $66.00 to $73.00 in a research report on Tuesday, January 21st. Finally, Robert W. Baird boosted their price target on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Three investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $74.33.

Equity LifeStyle Properties Stock Down 1.9 %

Shares of NYSE ELS opened at $63.77 on Wednesday. The stock has a market capitalization of $12.19 billion, a PE ratio of 32.70, a price-to-earnings-growth ratio of 3.02 and a beta of 0.76. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15. Equity LifeStyle Properties, Inc. has a 12-month low of $58.86 and a 12-month high of $76.60. The stock’s fifty day simple moving average is $65.91 and its two-hundred day simple moving average is $67.30.

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

Equity LifeStyle Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, June 27th. This represents a $2.06 annualized dividend and a dividend yield of 3.23%. Equity LifeStyle Properties’s dividend payout ratio is presently 106.74%.

Equity LifeStyle Properties 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.