Royal London Asset Management Ltd. Has $6.67 Million Stock Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Royal London Asset Management Ltd. lessened its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 0.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,197 shares of the real estate investment trust’s stock after selling 231 shares during the period. Royal London Asset Management Ltd. owned about 0.05% of Equity LifeStyle Properties worth $6,673,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ELS. National Pension Service purchased a new stake in shares of Equity LifeStyle Properties in the fourth quarter worth approximately $25,000. Geneos Wealth Management Inc. bought a new stake in Equity LifeStyle Properties during the fourth quarter worth $30,000. Board of the Pension Protection Fund bought a new stake in Equity LifeStyle Properties during the fourth quarter worth $33,000. MassMutual Private Wealth & Trust FSB raised its position in Equity LifeStyle Properties by 43.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 171 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in Equity LifeStyle Properties by 68.2% during the 4th quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 364 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ELS. Truist Financial upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Royal Bank of Canada reduced their price objective on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their target price for the stock from $66.00 to $73.00 in a research report on Tuesday, January 21st. Evercore ISI reduced their target price on Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating for the company in a report on Tuesday, January 28th. Finally, Jefferies Financial Group raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $72.00 to $80.00 in a research report on Thursday, January 2nd. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $73.78.

Equity LifeStyle Properties Price Performance

Equity LifeStyle Properties stock opened at $68.47 on Monday. The business’s 50 day simple moving average is $66.83 and its 200 day simple moving average is $68.79. Equity LifeStyle Properties, Inc. has a 12 month low of $59.82 and a 12 month high of $76.60. The company has a market cap of $13.09 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 3.02 and a beta of 0.79. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15.

Equity LifeStyle Properties (NYSE:ELS) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.76 EPS for the quarter, meeting analysts’ consensus estimates of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. Sell-side analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.

Equity LifeStyle Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Friday, March 28th. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. Equity LifeStyle Properties’s dividend payout ratio (DPR) is currently 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.