Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 41.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,600 shares of the real estate investment trust’s stock after buying an additional 30,252 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.05% of Equity LifeStyle Properties worth $6,900,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ELS. Principal Financial Group Inc. lifted its position in shares of Equity LifeStyle Properties by 172.0% during the 4th quarter. Principal Financial Group Inc. now owns 6,070,817 shares of the real estate investment trust’s stock valued at $404,319,000 after buying an additional 3,838,809 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in Equity LifeStyle Properties by 370.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 2,329,431 shares of the real estate investment trust’s stock worth $166,182,000 after purchasing an additional 1,834,491 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Equity LifeStyle Properties by 592.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,626,963 shares of the real estate investment trust’s stock worth $116,068,000 after purchasing an additional 1,391,846 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in Equity LifeStyle Properties by 14,049.2% during the 3rd quarter. Quantinno Capital Management LP now owns 713,971 shares of the real estate investment trust’s stock worth $50,935,000 after purchasing an additional 708,925 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC purchased a new stake in Equity LifeStyle Properties during the 4th quarter worth about $41,391,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Price Performance

Shares of Equity LifeStyle Properties stock opened at $68.47 on Friday. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $13.09 billion, a PE ratio of 35.11, a price-to-earnings-growth ratio of 3.02 and a beta of 0.79. The business’s 50-day moving average price is $66.83 and its 200-day moving average price is $68.82. Equity LifeStyle Properties, Inc. has a 12 month low of $59.82 and a 12 month high of $76.60.

Equity LifeStyle Properties (NYSE:ELS) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. Sell-side analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.515 per share. The ex-dividend date is Friday, March 28th. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. This represents a $2.06 annualized dividend and a dividend yield of 3.01%. Equity LifeStyle Properties’s dividend payout ratio is 105.64%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ELS. Royal Bank of Canada dropped their price objective on Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 29th. Robert W. Baird raised 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. Truist Financial raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Evercore ISI lowered their price target on 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, Jefferies Financial Group raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and raised their price target for the company from $72.00 to $80.00 in a report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.78.

About Equity LifeStyle Properties

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.