Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Acquired by Barclays PLC

Barclays PLC increased its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 156.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 522,262 shares of the real estate investment trust’s stock after acquiring an additional 318,938 shares during the quarter. Barclays PLC owned about 0.27% of Equity LifeStyle Properties worth $34,782,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ELS. Principal Financial Group Inc. boosted its holdings in shares of Equity LifeStyle Properties by 172.0% during the 4th quarter. Principal Financial Group Inc. now owns 6,070,817 shares of the real estate investment trust’s stock worth $404,319,000 after purchasing an additional 3,838,809 shares during the last quarter. Invesco Ltd. boosted its stake in Equity LifeStyle Properties by 592.7% during the fourth quarter. Invesco Ltd. now owns 3,918,241 shares of the real estate investment trust’s stock worth $260,955,000 after buying an additional 3,352,584 shares during the last quarter. Norges Bank acquired a new position in Equity LifeStyle Properties during the fourth quarter worth $163,212,000. Cbre Investment Management Listed Real Assets LLC purchased a new stake in Equity LifeStyle Properties in the 4th quarter valued at $41,391,000. Finally, Vanguard Group Inc. increased its stake in shares of Equity LifeStyle Properties by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 25,053,845 shares of the real estate investment trust’s stock worth $1,668,586,000 after acquiring an additional 388,888 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Truist Financial raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Jefferies Financial Group began coverage on shares of Equity LifeStyle Properties in a report on Tuesday, April 8th. They set a “buy” rating and a $80.00 price target for the company. Robert W. Baird upped their price objective on 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 Equity LifeStyle Properties from a “market perform” rating to an “outperform” rating and set a $78.00 target price for the company in a research note on Friday, April 4th. Finally, Royal Bank of Canada decreased 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. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $74.20.

Equity LifeStyle Properties Price Performance

ELS stock opened at $65.32 on Friday. The business’s fifty day moving average price is $66.53 and its 200 day moving average price is $67.75. Equity LifeStyle Properties, Inc. has a 12-month low of $58.86 and a 12-month high of $76.60. 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 company has a market capitalization of $12.49 billion, a PE ratio of 33.50, a P/E/G ratio of 3.02 and a beta of 0.72.

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

Equity LifeStyle Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a dividend of $0.515 per share. The ex-dividend date was Friday, March 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.15%. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. Equity LifeStyle Properties’s dividend payout ratio is currently 105.64%.

Equity LifeStyle Properties Company 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.