Arrowstreet Capital Limited Partnership Has $47.63 Million Stock Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Arrowstreet Capital Limited Partnership raised its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 13.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 715,181 shares of the real estate investment trust’s stock after purchasing an additional 83,903 shares during the period. Arrowstreet Capital Limited Partnership owned 0.37% of Equity LifeStyle Properties worth $47,631,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. National Pension Service acquired a new position in Equity LifeStyle Properties in the 4th quarter valued at about $25,000. Geneos Wealth Management Inc. acquired a new position in shares of Equity LifeStyle Properties in the fourth quarter valued at approximately $30,000. Board of the Pension Protection Fund bought a new position in shares of Equity LifeStyle Properties during the fourth quarter worth approximately $33,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Equity LifeStyle Properties by 43.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 171 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in Equity LifeStyle Properties by 68.2% in the 4th quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 364 shares during the period. 97.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Equity LifeStyle Properties Stock Down 0.2 %

NYSE ELS opened at $66.56 on Wednesday. Equity LifeStyle Properties, Inc. has a fifty-two week low of $59.82 and a fifty-two week high of $76.60. The business has a fifty day moving average price of $66.96 and a two-hundred day moving average price of $68.41. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03. The stock has a market capitalization of $12.72 billion, a PE ratio of 34.13, a PEG ratio of 3.02 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share for the quarter, meeting the consensus estimate of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. Equities analysts expect that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, March 28th. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. This represents a $2.06 annualized dividend and a dividend yield of 3.09%. Equity LifeStyle Properties’s payout ratio is 105.64%.

About Equity LifeStyle Properties

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.