Hunter Perkins Capital Management LLC Purchases 31,734 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Hunter Perkins Capital Management LLC boosted its position in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 11.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 300,543 shares of the real estate investment trust’s stock after acquiring an additional 31,734 shares during the period. Equity LifeStyle Properties accounts for 4.2% of Hunter Perkins Capital Management LLC’s portfolio, making the stock its 4th largest position. Hunter Perkins Capital Management LLC owned 0.16% of Equity LifeStyle Properties worth $20,118,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of Equity LifeStyle Properties by 36.1% during the 4th quarter. Blue Trust Inc. now owns 1,758 shares of the real estate investment trust’s stock valued at $125,000 after acquiring an additional 466 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of Equity LifeStyle Properties during the fourth quarter worth $203,000. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Equity LifeStyle Properties in the fourth quarter valued at about $1,083,000. Geneos Wealth Management Inc. acquired a new position in Equity LifeStyle Properties in the fourth quarter valued at about $30,000. Finally, Exchange Traded Concepts LLC boosted its holdings in Equity LifeStyle Properties by 5.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 12,584 shares of the real estate investment trust’s stock worth $838,000 after buying an additional 681 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on ELS. Robert W. Baird upped their price target on Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Truist Financial raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their price target for the stock from $66.00 to $73.00 in a research report on Tuesday, January 21st. Jefferies Financial Group upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $72.00 to $80.00 in a research report on Thursday, January 2nd. Finally, UBS Group upgraded Equity LifeStyle Properties to a “strong-buy” rating in a report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Equity LifeStyle Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.20.

Equity LifeStyle Properties Trading Up 1.0 %

NYSE:ELS opened at $67.15 on Monday. The company has a market cap of $12.83 billion, a P/E ratio of 34.61, a price-to-earnings-growth ratio of 3.28 and a beta of 0.79. Equity LifeStyle Properties, Inc. has a twelve month low of $59.82 and a twelve month high of $76.60. The business has a 50 day moving average price of $68.01 and a two-hundred day moving average price of $69.55. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.35.

Equity LifeStyle Properties Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were given a $0.477 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Friday, December 27th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is currently 98.45%.

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.