Vanguard Group Inc. Has $1.51 Billion Stock Position in Equity Lifestyle Properties, Inc. $ELS

Vanguard Group Inc. reduced its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,885,467 shares of the real estate investment trust’s stock after selling 115,180 shares during the quarter. Vanguard Group Inc. owned about 0.13% of Equity Lifestyle Properties worth $1,510,548,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ELS. Bessemer Group Inc. boosted its holdings in shares of Equity Lifestyle Properties by 126.9% during the third quarter. Bessemer Group Inc. now owns 574 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 321 shares during the period. Allworth Financial LP increased its stake in shares of Equity Lifestyle Properties by 204.1% during the second quarter. Allworth Financial LP now owns 660 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 443 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Equity Lifestyle Properties by 81.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 840 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 378 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its stake in Equity Lifestyle Properties by 27.4% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,250 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 269 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in Equity Lifestyle Properties by 21.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,974 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 354 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Equity Lifestyle Properties Stock Up 0.6%

Shares of NYSE ELS opened at $67.52 on Friday. The stock has a market capitalization of $13.09 billion, a P/E ratio of 33.59, a PEG ratio of 3.73 and a beta of 0.76. The stock’s fifty day moving average is $63.12 and its 200 day moving average is $61.92. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $70.35. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.05 and a current ratio of 0.04.

Equity Lifestyle Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be given a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, March 27th. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.52. Equity Lifestyle Properties’s dividend payout ratio is presently 107.96%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ELS shares. Barclays reissued an “overweight” rating and set a $71.00 target price (up previously from $68.00) on shares of Equity Lifestyle Properties in a report on Thursday, February 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $70.00 price target on shares of Equity Lifestyle Properties in a research report on Friday, January 30th. BMO Capital Markets reiterated an “outperform” rating and issued a $75.00 price objective (up previously from $72.00) on shares of Equity Lifestyle Properties in a research note on Wednesday. Wall Street Zen raised shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a report on Sunday, February 1st. Finally, Deutsche Bank Aktiengesellschaft cut shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Equity Lifestyle Properties has a consensus rating of “Moderate Buy” and a consensus price target of $70.27.

About Equity Lifestyle Properties

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.