Vanderbilt University Raises Holdings in Equity Lifestyle Properties, Inc. $ELS

Vanderbilt University raised its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 33.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 57,149 shares of the real estate investment trust’s stock after purchasing an additional 14,264 shares during the period. Equity Lifestyle Properties makes up about 0.6% of Vanderbilt University’s investment portfolio, making the stock its 26th largest holding. Vanderbilt University’s holdings in Equity Lifestyle Properties were worth $3,464,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Empowered Funds LLC boosted its position in shares of Equity Lifestyle Properties by 14.1% during the first quarter. Empowered Funds LLC now owns 6,516 shares of the real estate investment trust’s stock valued at $435,000 after buying an additional 804 shares during the last quarter. Jane Street Group LLC boosted its position 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 buying an additional 102,303 shares during the last quarter. Intech Investment Management LLC boosted its position in shares of Equity Lifestyle Properties by 62.3% during the first quarter. Intech Investment Management LLC now owns 23,114 shares of the real estate investment trust’s stock valued at $1,542,000 after buying an additional 8,873 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Equity Lifestyle Properties by 111.0% during the second quarter. Cetera Investment Advisers now owns 10,122 shares of the real estate investment trust’s stock valued at $624,000 after buying an additional 5,325 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Equity Lifestyle Properties by 213.6% during the second quarter. EverSource Wealth Advisors LLC now owns 3,509 shares of the real estate investment trust’s stock valued at $216,000 after buying an additional 2,390 shares during the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Mizuho assumed coverage on Equity Lifestyle Properties in a research report on Tuesday, March 31st. They set an “outperform” rating and a $72.00 price objective on the stock. Truist Financial raised their price target on Equity Lifestyle Properties from $66.00 to $69.00 and gave the stock a “hold” rating in a research note on Wednesday, February 18th. Robert W. Baird set a $73.00 price target on Equity Lifestyle Properties in a research note on Friday, January 30th. Wells Fargo & Company restated an “equal weight” rating and issued a $70.00 price target (up from $68.00) on shares of Equity Lifestyle Properties in a research note on Friday, February 27th. Finally, UBS Group set a $67.00 price target on Equity Lifestyle Properties and gave the stock a “buy” rating in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.05.

Equity Lifestyle Properties Stock Performance

ELS stock opened at $63.54 on Wednesday. The company has a market cap of $12.32 billion, a P/E ratio of 31.61, a price-to-earnings-growth ratio of 3.56 and a beta of 0.76. Equity Lifestyle Properties, Inc. has a 1 year low of $58.15 and a 1 year high of $69.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.04 and a quick ratio of 0.04. The stock’s fifty day moving average price is $65.78 and its 200-day moving average price is $63.12.

Equity Lifestyle Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be given a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a yield of 3.4%. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, March 27th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 107.96%.

Insiders Place Their Bets

In related news, Director David J. Contis sold 3,000 shares of Equity Lifestyle Properties stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $67.22, for a total transaction of $201,660.00. Following the transaction, the director directly owned 14,890 shares in the company, valued at approximately $1,000,905.80. The trade was a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.80% of the company’s stock.

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.