O Shaughnessy Asset Management LLC Has $1.92 Million Stock Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

O Shaughnessy Asset Management LLC raised its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 102.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,831 shares of the real estate investment trust’s stock after buying an additional 14,620 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Equity LifeStyle Properties were worth $1,920,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in ELS. Principal Financial Group Inc. grew its stake in shares of Equity LifeStyle Properties by 172.0% in the fourth quarter. Principal Financial Group Inc. now owns 6,070,817 shares of the real estate investment trust’s stock worth $404,319,000 after acquiring an additional 3,838,809 shares during the last quarter. Norges Bank bought a new position in shares of Equity LifeStyle Properties during the 4th quarter worth about $163,212,000. Cbre Investment Management Listed Real Assets LLC acquired a new position in shares of Equity LifeStyle Properties during the fourth quarter valued at about $41,391,000. Vanguard Group Inc. lifted its stake in shares of Equity LifeStyle Properties by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 25,053,845 shares of the real estate investment trust’s stock valued at $1,668,586,000 after buying an additional 388,888 shares during the period. Finally, Boston Partners grew its position in Equity LifeStyle Properties by 7.0% during the fourth quarter. Boston Partners now owns 2,971,493 shares of the real estate investment trust’s stock worth $197,896,000 after buying an additional 193,927 shares in the last quarter. 97.21% of the stock is owned by institutional investors.

Equity LifeStyle Properties Stock Performance

NYSE ELS opened at $65.94 on Friday. The firm has a market cap of $12.60 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 3.02 and a beta of 0.72. 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, Inc. has a 1-year low of $59.82 and a 1-year high of $76.60. The company has a 50 day moving average of $66.98 and a 200-day moving average of $68.32.

Equity LifeStyle Properties (NYSE:ELS) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) 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%. On average, equities analysts forecast 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 given a dividend of $0.515 per share. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 28th. This represents a $2.06 annualized dividend and a yield of 3.12%. Equity LifeStyle Properties’s dividend payout ratio is 105.64%.

Wall Street Analysts Forecast Growth

ELS has been the topic of several recent research reports. BMO Capital Markets raised Equity LifeStyle Properties from a “market perform” rating to an “outperform” rating and set a $78.00 price objective on the stock in a report on Friday. Jefferies Financial Group upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their price target for the stock from $72.00 to $80.00 in a research note on Thursday, January 2nd. Royal Bank of Canada dropped 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 note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their target price for the company from $66.00 to $73.00 in a research report on Tuesday, January 21st. Finally, Robert W. Baird increased their price target on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $74.20.

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.