Schroder Investment Management Group Sells 485 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Schroder Investment Management Group lessened its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 2.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 18,276 shares of the real estate investment trust’s stock after selling 485 shares during the quarter. Schroder Investment Management Group’s holdings in Equity LifeStyle Properties were worth $1,207,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ELS. Jacobs Levy Equity Management Inc. purchased a new stake in Equity LifeStyle Properties during the 3rd quarter valued at $559,000. Investment Management Corp of Ontario raised its stake in shares of Equity LifeStyle Properties by 48.2% during the third quarter. Investment Management Corp of Ontario now owns 5,841 shares of the real estate investment trust’s stock valued at $417,000 after acquiring an additional 1,900 shares during the last quarter. Quarry LP boosted its holdings in shares of Equity LifeStyle Properties by 228.8% during the third quarter. Quarry LP now owns 1,519 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 1,057 shares during the period. Kovitz Investment Group Partners LLC grew its stake in shares of Equity LifeStyle Properties by 130.4% in the third quarter. Kovitz Investment Group Partners LLC now owns 61,390 shares of the real estate investment trust’s stock worth $4,380,000 after purchasing an additional 34,741 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in Equity LifeStyle Properties by 267.9% during the 3rd quarter. Jane Street Group LLC now owns 232,698 shares of the real estate investment trust’s stock valued at $16,601,000 after purchasing an additional 169,445 shares during the period. Institutional investors own 97.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ELS shares. Jefferies Financial Group upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and increased their price objective for the stock from $72.00 to $80.00 in a report on Thursday, January 2nd. Robert W. Baird lifted their price target on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. BMO Capital Markets raised shares of Equity LifeStyle Properties from a “market perform” rating to an “outperform” rating and set a $78.00 price objective on the stock in a research report on Friday. Truist Financial raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Finally, Evercore ISI reduced their price target on shares of 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. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $74.20.

Equity LifeStyle Properties Stock Down 3.1 %

Shares of Equity LifeStyle Properties stock opened at $65.94 on Monday. Equity LifeStyle Properties, Inc. has a 1 year low of $59.82 and a 1 year high of $76.60. 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 company has a 50-day moving average of $66.98 and a 200 day moving average of $68.25. 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.

Equity LifeStyle Properties (NYSE:ELS) last announced its earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.76. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.515 per share. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 28th. This represents a $2.06 dividend on an annualized basis and a yield of 3.12%. Equity LifeStyle Properties’s payout ratio 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.