Equity Lifestyle Properties, Inc. $ELS Holdings Lifted by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY increased its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 23.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 799,961 shares of the real estate investment trust’s stock after acquiring an additional 151,390 shares during the period. Miller Howard Investments Inc. NY’s holdings in Equity Lifestyle Properties were worth $49,934,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Equity Lifestyle Properties by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 25,477,480 shares of the real estate investment trust’s stock valued at $1,544,190,000 after acquiring an additional 592,013 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Equity Lifestyle Properties by 303.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,948,613 shares of the real estate investment trust’s stock worth $966,648,000 after purchasing an additional 11,999,874 shares in the last quarter. Cohen & Steers Inc. raised its holdings in shares of Equity Lifestyle Properties by 26.8% in the 4th quarter. Cohen & Steers Inc. now owns 10,614,040 shares of the real estate investment trust’s stock worth $643,331,000 after purchasing an additional 2,246,622 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Equity Lifestyle Properties by 32.5% during the third quarter. Victory Capital Management Inc. now owns 6,823,626 shares of the real estate investment trust’s stock valued at $414,194,000 after purchasing an additional 1,674,281 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Equity Lifestyle Properties by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 4,712,562 shares of the real estate investment trust’s stock valued at $285,048,000 after purchasing an additional 100,364 shares during the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ELS. Truist Financial set a $67.00 price target on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a research report on Tuesday, May 5th. Wall Street Zen upgraded Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Zelman & Associates assumed coverage on Equity Lifestyle Properties in a research note on Monday, March 16th. They set an “underperform” rating and a $59.25 price objective for the company. Weiss Ratings lowered Equity Lifestyle Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. Finally, Wells Fargo & Company decreased their target price on Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Equity Lifestyle Properties has a consensus rating of “Moderate Buy” and a consensus target price of $69.20.

Equity Lifestyle Properties Price Performance

ELS stock opened at $62.63 on Wednesday. Equity Lifestyle Properties, Inc. has a one year low of $58.15 and a one year high of $69.00. The firm has a 50-day moving average of $63.08 and a two-hundred day moving average of $63.63. The firm has a market capitalization of $12.15 billion, a PE ratio of 31.32, a P/E/G ratio of 3.77 and a beta of 0.67. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.29.

Equity Lifestyle Properties (NYSE:ELS) last released its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.28). Equity Lifestyle Properties had a return on equity of 21.22% and a net margin of 24.99%.The firm had revenue of $397.62 million during the quarter, compared to analysts’ expectations of $395.71 million. During the same period last year, the business earned $0.57 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. On average, analysts forecast that Equity Lifestyle Properties, Inc. will post 3.18 earnings per share for the current year.

Equity Lifestyle Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be paid a $0.5425 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $2.17 dividend on an annualized basis and a yield of 3.5%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 108.50%.

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.