Avantax Advisory Services Inc. Invests $774,000 in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Avantax Advisory Services Inc. purchased a new position in Equity LifeStyle Properties, Inc. (NYSE:ELS) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 11,628 shares of the real estate investment trust’s stock, valued at approximately $774,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Moran Wealth Management LLC boosted its stake in Equity LifeStyle Properties by 0.8% during the third quarter. Moran Wealth Management LLC now owns 17,721 shares of the real estate investment trust’s stock valued at $1,264,000 after buying an additional 143 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Equity LifeStyle Properties by 43.5% during the fourth 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 in the last quarter. Carmel Capital Partners LLC boosted its stake in Equity LifeStyle Properties by 3.6% during the fourth quarter. Carmel Capital Partners LLC now owns 6,533 shares of the real estate investment trust’s stock valued at $435,000 after buying an additional 230 shares in the last quarter. HighTower Advisors LLC boosted its stake in Equity LifeStyle Properties by 2.1% during the fourth quarter. HighTower Advisors LLC now owns 11,446 shares of the real estate investment trust’s stock valued at $762,000 after buying an additional 238 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. boosted its stake in Equity LifeStyle Properties by 14.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,093 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 269 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Analysts Set New Price Targets

ELS has been the subject of several research reports. Truist Financial raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their price target for the stock from $66.00 to $73.00 in a research note on Tuesday, January 21st. Jefferies Financial Group raised 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 target on Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 29th. Finally, Robert W. Baird lifted their price target on Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $73.78.

Equity LifeStyle Properties Trading Up 0.4 %

Shares of NYSE ELS opened at $68.72 on Friday. Equity LifeStyle Properties, Inc. has a one year low of $59.82 and a one year high of $76.60. The firm has a market capitalization of $13.13 billion, a PE ratio of 35.24, 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. The business has a 50-day moving average price of $66.75 and a two-hundred day moving average price of $68.87.

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

Equity LifeStyle Properties Increases Dividend

The firm also recently disclosed 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. 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 dividend on an annualized basis and a yield of 3.00%. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 105.64%.

Equity LifeStyle Properties 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.