Sumitomo Mitsui DS Asset Management Company Ltd Has $3.98 Million Stock Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 59,693 shares of the real estate investment trust’s stock after acquiring an additional 4,496 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Equity LifeStyle Properties were worth $3,976,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC increased its position in shares of Equity LifeStyle Properties by 74.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,430 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 611 shares during the last quarter. CWM LLC grew its stake in shares of Equity LifeStyle Properties by 26.3% in the third quarter. CWM LLC now owns 2,367 shares of the real estate investment trust’s stock valued at $169,000 after buying an additional 493 shares in the last quarter. UMB Bank n.a. increased its holdings in Equity LifeStyle Properties by 356.4% during the third quarter. UMB Bank n.a. now owns 534 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 417 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in Equity LifeStyle Properties by 220.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,600 shares of the real estate investment trust’s stock worth $115,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Inspire Investing LLC lifted its stake in Equity LifeStyle Properties by 3.6% in the third quarter. Inspire Investing LLC now owns 21,465 shares of the real estate investment trust’s stock valued at $1,531,000 after acquiring an additional 737 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ELS shares. Truist Financial upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Compass Point boosted their price target on Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and raised their price objective for the company from $66.00 to $73.00 in a research report on Tuesday, January 21st. Evercore ISI decreased their target price on Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating on the stock in a report on Tuesday, January 28th. Finally, Robert W. Baird raised their price target on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Equity LifeStyle Properties has a consensus rating of “Moderate Buy” and an average target price of $73.78.

Equity LifeStyle Properties Stock Performance

Shares of NYSE ELS opened at $66.27 on Monday. Equity LifeStyle Properties, Inc. has a one year low of $59.82 and a one year high of $76.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03. The firm has a market cap of $12.66 billion, a price-to-earnings ratio of 33.98, a P/E/G ratio of 2.82 and a beta of 0.79. The stock’s fifty day moving average price is $66.98 and its two-hundred day moving average price is $69.47.

Equity LifeStyle Properties (NYSE:ELS) last released its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. On average, equities analysts forecast that Equity LifeStyle Properties, Inc. will post 3.1 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 given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.11%. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 28th. Equity LifeStyle Properties’s payout ratio is presently 97.95%.

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.