Ceredex Value Advisors LLC Grows Stock Holdings in Equity Lifestyle Properties, Inc. $ELS

Ceredex Value Advisors LLC lifted its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 805,953 shares of the real estate investment trust’s stock after purchasing an additional 11,025 shares during the quarter. Equity Lifestyle Properties comprises approximately 1.1% of Ceredex Value Advisors LLC’s holdings, making the stock its 22nd largest position. Ceredex Value Advisors LLC owned 0.42% of Equity Lifestyle Properties worth $48,921,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ELS. Empowered Funds LLC boosted its holdings in Equity Lifestyle Properties by 14.1% in the first quarter. Empowered Funds LLC now owns 6,516 shares of the real estate investment trust’s stock worth $435,000 after acquiring an additional 804 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Equity Lifestyle Properties by 598.5% during the first quarter. Jane Street Group LLC now owns 119,397 shares of the real estate investment trust’s stock valued at $7,964,000 after acquiring an additional 102,303 shares in the last quarter. Intech Investment Management LLC raised its position in shares of Equity Lifestyle Properties by 62.3% in the 1st quarter. Intech Investment Management LLC now owns 23,114 shares of the real estate investment trust’s stock worth $1,542,000 after purchasing an additional 8,873 shares during the last quarter. Savant Capital LLC purchased a new position in shares of Equity Lifestyle Properties in the 2nd quarter worth about $340,000. Finally, Metis Global Partners LLC boosted its stake in Equity Lifestyle Properties by 23.8% in the 2nd quarter. Metis Global Partners LLC now owns 33,868 shares of the real estate investment trust’s stock worth $2,089,000 after purchasing an additional 6,511 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Wall Street Analyst Weigh In

ELS has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Equity Lifestyle Properties in a research note on Thursday, January 22nd. Bank of America upgraded shares of Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $76.00 target price on the stock in a research note on Tuesday, February 3rd. Truist Financial increased their price target on shares of Equity Lifestyle Properties from $66.00 to $69.00 and gave the company a “hold” rating in a report on Wednesday, February 18th. Robert W. Baird set a $73.00 price target on shares of Equity Lifestyle Properties in a research report on Friday, January 30th. Finally, UBS Group set a $67.00 price objective on Equity Lifestyle Properties and gave the company a “buy” rating in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Equity Lifestyle Properties presently has a consensus rating of “Moderate Buy” and an average price target of $70.42.

Equity Lifestyle Properties Price Performance

Shares of NYSE:ELS opened at $67.62 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.04 and a current ratio of 0.04. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 33.64, a price-to-earnings-growth ratio of 3.74 and a beta of 0.75. The business has a 50-day simple moving average of $64.49 and a two-hundred day simple moving average of $62.50. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $70.35.

Equity Lifestyle Properties Increases Dividend

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

Equity Lifestyle Properties 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.