Victory Capital Management Inc. Acquires 1,674,281 Shares of Equity Lifestyle Properties, Inc. $ELS

Victory Capital Management Inc. grew its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 32.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,823,626 shares of the real estate investment trust’s stock after buying an additional 1,674,281 shares during the quarter. Victory Capital Management Inc. owned 3.52% of Equity Lifestyle Properties worth $414,194,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Equity Lifestyle Properties during the third quarter valued at approximately $1,243,000. Andra AP fonden boosted its holdings in Equity Lifestyle Properties by 34.9% in the second quarter. Andra AP fonden now owns 352,400 shares of the real estate investment trust’s stock valued at $21,733,000 after acquiring an additional 91,100 shares in the last quarter. Achmea Investment Management B.V. bought a new stake in Equity Lifestyle Properties in the second quarter valued at $1,039,000. AEGON ASSET MANAGEMENT UK Plc increased its position in Equity Lifestyle Properties by 910.4% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 100,390 shares of the real estate investment trust’s stock valued at $6,091,000 after purchasing an additional 90,454 shares during the period. Finally, Creative Planning raised its holdings in Equity Lifestyle Properties by 191.3% in the 2nd quarter. Creative Planning now owns 30,420 shares of the real estate investment trust’s stock worth $1,876,000 after purchasing an additional 19,977 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Trading Up 1.9%

NYSE:ELS opened at $68.42 on Tuesday. The firm has a market capitalization of $13.27 billion, a P/E ratio of 34.04, a PEG ratio of 3.73 and a beta of 0.75. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.04 and a quick ratio of 0.04. Equity Lifestyle Properties, Inc. has a one year low of $58.15 and a one year high of $70.35. The company’s 50-day simple moving average is $63.85 and its 200 day simple moving average is $62.24.

Equity Lifestyle Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be paid a dividend of $0.5425 per share. The ex-dividend date is Friday, March 27th. This is a positive change from Equity Lifestyle Properties’s previous quarterly dividend of $0.52. This represents a $2.17 dividend on an annualized basis and a yield of 3.2%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 102.49%.

Analyst Ratings Changes

Several equities research analysts have recently commented on ELS shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Lifestyle Properties in a research report on Thursday, January 22nd. Robert W. Baird set a $73.00 price objective on shares of Equity Lifestyle Properties in a report on Friday, January 30th. Zacks Research raised Equity Lifestyle Properties from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. Wells Fargo & Company reiterated an “equal weight” rating and set a $70.00 target price (up from $68.00) on shares of Equity Lifestyle Properties in a report on Friday. Finally, UBS Group set a $67.00 target price on Equity Lifestyle Properties and gave the company a “buy” rating in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Equity Lifestyle Properties currently has an average rating of “Moderate Buy” and a consensus price target of $70.42.

Equity Lifestyle Properties Company Profile

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.