Equity Lifestyle Properties, Inc. $ELS Position Increased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. boosted its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 8.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,575 shares of the real estate investment trust’s stock after purchasing an additional 8,782 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Equity Lifestyle Properties were worth $6,791,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its position 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 worth $326,272,000 after buying an additional 2,868,678 shares during the period. Norges Bank acquired a new stake in shares of Equity Lifestyle Properties in the 2nd quarter worth about $164,862,000. Royal London Asset Management Ltd. increased its holdings in shares of Equity Lifestyle Properties by 1,520.4% in the 2nd quarter. Royal London Asset Management Ltd. now owns 1,771,803 shares of the real estate investment trust’s stock worth $109,267,000 after acquiring an additional 1,662,458 shares during the period. Bank of America Corp DE lifted its position in Equity Lifestyle Properties by 53.6% in the 2nd quarter. Bank of America Corp DE now owns 2,227,360 shares of the real estate investment trust’s stock valued at $137,361,000 after purchasing an additional 777,107 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in Equity Lifestyle Properties by 72.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,722,135 shares of the real estate investment trust’s stock valued at $106,204,000 after purchasing an additional 721,779 shares during the period. 97.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on ELS. Deutsche Bank Aktiengesellschaft lowered shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a research note on Tuesday, January 20th. UBS Group set a $67.00 price target on Equity Lifestyle Properties and gave the stock a “buy” rating in a research report on Thursday, January 8th. Royal Bank Of Canada raised Equity Lifestyle Properties from an “underperform” rating to an “outperform” rating and raised their price target for the company from $66.00 to $70.00 in a report on Monday, December 8th. Evercore ISI cut their price objective on shares of Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating on the stock in a research note on Thursday, October 23rd. Finally, Truist Financial set a $66.00 target price on shares of Equity Lifestyle Properties and gave the company a “hold” rating in a research report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.14.

Equity Lifestyle Properties Trading Up 0.0%

Shares of Equity Lifestyle Properties stock opened at $62.89 on Wednesday. The business has a fifty day simple moving average of $61.81 and a 200-day simple moving average of $61.30. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $70.35. The firm has a market cap of $12.19 billion, a price-to-earnings ratio of 31.60, a price-to-earnings-growth ratio of 3.54 and a beta of 0.77. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.27.

About Equity Lifestyle Properties

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.