Equity Lifestyle Properties, Inc. $ELS Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC boosted its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 10.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 586,269 shares of the real estate investment trust’s stock after purchasing an additional 56,913 shares during the period. ProShare Advisors LLC’s holdings in Equity Lifestyle Properties were worth $35,587,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bessemer Group Inc. grew its holdings in shares of Equity Lifestyle Properties by 126.9% during the third quarter. Bessemer Group Inc. now owns 574 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 321 shares during the last quarter. Allworth Financial LP lifted its position in Equity Lifestyle Properties by 204.1% during the 2nd quarter. Allworth Financial LP now owns 660 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 443 shares during the period. Smartleaf Asset Management LLC lifted its position in Equity Lifestyle Properties by 81.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 840 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 378 shares during the period. IFP Advisors Inc grew its stake in shares of Equity Lifestyle Properties by 874.7% in the 2nd quarter. IFP Advisors Inc now owns 848 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 761 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its holdings in shares of Equity Lifestyle Properties by 27.4% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,250 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 269 shares during the period. 97.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Zacks Research downgraded Equity Lifestyle Properties from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Truist Financial set a $66.00 target price on shares of Equity Lifestyle Properties and gave the company a “hold” rating in a report on Tuesday, January 20th. Bank of America upgraded shares of Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $76.00 price target on the stock in a research note on Tuesday, February 3rd. Evercore reduced their price objective on shares of Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating for the company in a research report on Thursday, October 23rd. Finally, Barclays reiterated an “overweight” rating and set a $71.00 target price (up previously from $68.00) on shares of Equity Lifestyle Properties in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.19.

Equity Lifestyle Properties Price Performance

ELS stock opened at $65.57 on Tuesday. The firm has a 50 day moving average of $62.10 and a 200-day moving average of $61.48. The company has a market cap of $12.71 billion, a price-to-earnings ratio of 32.62, a PEG ratio of 3.64 and a beta of 0.76. The company has a current ratio of 0.04, a quick ratio of 0.05 and a debt-to-equity ratio of 0.30. Equity Lifestyle Properties, Inc. has a 12-month low of $58.15 and a 12-month high of $70.35.

Equity Lifestyle Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be given a dividend of $0.5425 per share. The ex-dividend date is Friday, March 27th. This is a positive change from Equity Lifestyle Properties’s previous quarterly dividend of $0.52. This represents a $2.17 dividend on an annualized basis and a yield of 3.3%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 102.49%.

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.