Victory Capital Management Inc. Decreases Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Victory Capital Management Inc. reduced its position in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,630,189 shares of the real estate investment trust’s stock after selling 19,481 shares during the quarter. Victory Capital Management Inc. owned about 2.42% of Equity LifeStyle Properties worth $308,371,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Moran Wealth Management LLC increased its stake in shares of Equity LifeStyle Properties by 0.8% in the third quarter. Moran Wealth Management LLC now owns 17,721 shares of the real estate investment trust’s stock worth $1,264,000 after acquiring an additional 143 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in Equity LifeStyle Properties by 43.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 171 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Equity LifeStyle Properties by 14.7% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,093 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 269 shares during the last quarter. Carmel Capital Partners LLC lifted its holdings in shares of Equity LifeStyle Properties by 5.2% in the 3rd quarter. Carmel Capital Partners LLC now owns 6,303 shares of the real estate investment trust’s stock valued at $450,000 after buying an additional 311 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Equity LifeStyle Properties by 23.3% in the 4th quarter. GAMMA Investing LLC now owns 1,763 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 333 shares during the period. 97.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Evercore ISI decreased their price target on Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating for the company in a report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and boosted their target price for the company from $66.00 to $73.00 in a research note on Tuesday, January 21st. Royal Bank of Canada dropped their price target on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 29th. Truist Financial upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Finally, Jefferies Financial Group upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and raised their target price for the company from $72.00 to $80.00 in a research report on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $73.78.

Equity LifeStyle Properties Stock Performance

Shares of Equity LifeStyle Properties stock opened at $68.16 on Wednesday. The business’s 50 day moving average price is $66.40 and its 200 day moving average price is $69.11. The company has a market cap of $13.03 billion, a price-to-earnings ratio of 34.96, a PEG ratio of 3.02 and a beta of 0.79. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02. Equity LifeStyle Properties, Inc. has a one year low of $59.82 and a one year high of $76.60.

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

Equity LifeStyle Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Friday, March 28th. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. Equity LifeStyle Properties’s dividend payout ratio is 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.