Universal Beteiligungs und Servicegesellschaft mbH grew its position in Equity Lifestyle Properties, Inc. (NYSE:ELS – Free Report) by 34.2% in the fourth quarter, Holdings Channel reports. The fund owned 606,170 shares of the real estate investment trust’s stock after acquiring an additional 154,522 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Equity Lifestyle Properties were worth $36,900,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. Victory Capital Management Inc. lifted its stake in shares of 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 valued at $414,194,000 after acquiring an additional 1,674,281 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in 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 valued at $326,272,000 after purchasing an additional 2,868,678 shares during the period. Daiwa Securities Group Inc. increased its holdings in Equity Lifestyle Properties by 253.7% in the third quarter. Daiwa Securities Group Inc. now owns 3,147,048 shares of the real estate investment trust’s stock valued at $191,025,000 after purchasing an additional 2,257,299 shares during the period. Boston Partners increased its holdings in Equity Lifestyle Properties by 2.1% in the third quarter. Boston Partners now owns 2,902,967 shares of the real estate investment trust’s stock valued at $176,227,000 after purchasing an additional 60,852 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Equity Lifestyle Properties by 2.6% in the third quarter. Dimensional Fund Advisors LP now owns 2,746,011 shares of the real estate investment trust’s stock valued at $166,675,000 after purchasing an additional 70,725 shares during the period. 97.21% of the stock is currently owned by institutional investors.
Equity Lifestyle Properties Stock Performance
Shares of Equity Lifestyle Properties stock opened at $63.43 on Friday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average price of $65.67 and a two-hundred day moving average price of $63.41. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $69.00. The company has a market cap of $12.30 billion, a P/E ratio of 31.72, a PEG ratio of 3.68 and a beta of 0.76.
Equity Lifestyle Properties Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were paid a $0.5425 dividend. The ex-dividend date was Friday, March 27th. This represents a $2.17 annualized dividend and a dividend yield of 3.4%. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.52. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 108.50%.
Analyst Upgrades and Downgrades
ELS has been the subject of a number of recent research reports. Barclays restated an “overweight” rating and issued a $71.00 price objective (up from $68.00) on shares of Equity Lifestyle Properties in a report on Thursday, February 5th. UBS Group set a $67.00 price target on Equity Lifestyle Properties and gave the stock a “buy” rating in a report on Thursday, January 8th. Wall Street Zen upgraded Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Truist Financial increased their price target on Equity Lifestyle Properties from $66.00 to $69.00 and gave the stock a “hold” rating in a report on Wednesday, February 18th. Finally, Zelman & Associates began coverage on Equity Lifestyle Properties in a report on Monday, March 16th. They set an “underperform” rating and a $59.25 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.63.
Read Our Latest Analysis on Equity Lifestyle Properties
Insider Activity at Equity Lifestyle Properties
In other news, Director David J. Contis sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $67.22, for a total value of $201,660.00. Following the completion of the sale, the director directly owned 14,890 shares in the company, valued at $1,000,905.80. This trade represents a 16.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.80% of the stock is currently owned by corporate insiders.
Equity Lifestyle Properties Company 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.
Further Reading
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