iA Global Asset Management Inc. Has $253,000 Stock Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

iA Global Asset Management Inc. boosted its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 7.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,800 shares of the real estate investment trust’s stock after buying an additional 256 shares during the period. iA Global Asset Management Inc.’s holdings in Equity LifeStyle Properties were worth $253,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas grew its stake in shares of Equity LifeStyle Properties by 63.6% in the 4th quarter. Teacher Retirement System of Texas now owns 16,800 shares of the real estate investment trust’s stock worth $1,119,000 after acquiring an additional 6,531 shares in the last quarter. Xponance Inc. grew its stake in shares of Equity LifeStyle Properties by 8.1% in the 4th quarter. Xponance Inc. now owns 30,930 shares of the real estate investment trust’s stock worth $2,060,000 after acquiring an additional 2,326 shares in the last quarter. Boston Partners grew its stake in shares of Equity LifeStyle Properties by 7.0% in the 4th quarter. Boston Partners now owns 2,971,493 shares of the real estate investment trust’s stock worth $197,896,000 after acquiring an additional 193,927 shares in the last quarter. Intech Investment Management LLC grew its stake in shares of Equity LifeStyle Properties by 1.8% in the 4th quarter. Intech Investment Management LLC now owns 14,241 shares of the real estate investment trust’s stock worth $948,000 after acquiring an additional 256 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of Equity LifeStyle Properties by 32.9% in the 4th quarter. Signaturefd LLC now owns 1,854 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 459 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and upped their target price for the stock from $72.00 to $80.00 in a research note on Thursday, January 2nd. Evercore ISI reduced their price target on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating for the company in a research report on Tuesday, January 28th. Robert W. Baird increased their price target on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Truist Financial upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and increased their price target for the company from $66.00 to $73.00 in a research report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $73.78.

Equity LifeStyle Properties Price Performance

NYSE ELS opened at $68.47 on Friday. The company has a market cap 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. Equity LifeStyle Properties, Inc. has a 52 week low of $59.82 and a 52 week high of $76.60. The company has a quick ratio of 0.03, a current ratio of 0.02 and a debt-to-equity ratio of 0.15. The firm’s 50-day simple moving average is $66.83 and its two-hundred day simple moving average is $68.82.

Equity LifeStyle Properties (NYSE:ELS) last released 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 net margin of 24.05% and a return on equity of 23.12%. Research analysts predict that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity LifeStyle Properties Increases Dividend

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

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.