Duff & Phelps Investment Management Co. Purchases 7,705 Shares of Equity Lifestyle Properties, Inc. $ELS

Duff & Phelps Investment Management Co. grew its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 0.5% during the third quarter, Holdings Channel reports. The fund owned 1,443,843 shares of the real estate investment trust’s stock after purchasing an additional 7,705 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Equity Lifestyle Properties were worth $87,641,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its position in shares of Equity Lifestyle Properties by 1.8% during the second quarter. State Street Corp now owns 13,268,436 shares of the real estate investment trust’s stock valued at $824,943,000 after purchasing an additional 237,090 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Equity Lifestyle Properties by 32.5% in the third quarter. Victory Capital Management Inc. now owns 6,823,626 shares of the real estate investment trust’s stock worth $414,194,000 after purchasing an additional 1,674,281 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Equity Lifestyle Properties by 114.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,375,154 shares of the real estate investment trust’s stock valued at $326,272,000 after buying an additional 2,868,678 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Equity Lifestyle Properties by 12.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,724,515 shares of the real estate investment trust’s stock valued at $291,363,000 after buying an additional 515,063 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Equity Lifestyle Properties by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 4,071,627 shares of the real estate investment trust’s stock valued at $250,491,000 after buying an additional 20,600 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Price Performance

ELS opened at $66.98 on Thursday. The firm has a market cap of $12.99 billion, a PE ratio of 33.32, a P/E/G ratio of 3.76 and a beta of 0.75. The stock has a 50-day moving average price of $64.75 and a 200-day moving average price of $62.58. Equity Lifestyle Properties, Inc. has a 1 year low of $58.15 and a 1 year high of $69.28. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.04 and a quick ratio of 0.04.

Equity Lifestyle Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be paid a dividend of $0.5425 per share. The ex-dividend date is Friday, March 27th. This represents a $2.17 dividend on an annualized basis and a yield of 3.2%. This is an increase from Equity Lifestyle Properties’s previous quarterly dividend of $0.52. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 102.49%.

Wall Street Analysts Forecast Growth

ELS has been the subject of several research reports. Robert W. Baird set a $73.00 price target on shares of Equity Lifestyle Properties in a research note on Friday, January 30th. Deutsche Bank Aktiengesellschaft lowered shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a research note on Tuesday, January 20th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $70.00 target price (up from $68.00) on shares of Equity Lifestyle Properties in a research note on Friday, February 27th. Zacks Research upgraded shares of Equity Lifestyle Properties from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Finally, Barclays reissued an “overweight” rating and issued a $71.00 price target (up from $68.00) on shares of Equity Lifestyle Properties in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Equity Lifestyle Properties has an average rating of “Moderate Buy” and an average target price of $70.42.

Equity Lifestyle Properties Profile

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.