New York Life Investment Management LLC Has $1.33 Million Stake in Equity LifeStyle Properties, Inc. (NYSE:ELS)

New York Life Investment Management LLC decreased its position in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 53.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,028 shares of the real estate investment trust’s stock after selling 23,328 shares during the quarter. New York Life Investment Management LLC’s holdings in Equity LifeStyle Properties were worth $1,334,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ELS. National Pension Service acquired a new stake in shares of Equity LifeStyle Properties in the 4th quarter valued at about $25,000. Geneos Wealth Management Inc. acquired a new stake in shares of Equity LifeStyle Properties in the 4th quarter valued at about $30,000. Board of the Pension Protection Fund acquired a new stake in shares of Equity LifeStyle Properties in the 4th quarter valued at about $33,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Equity LifeStyle Properties by 43.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 171 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of Equity LifeStyle Properties by 68.2% in the 4th quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 364 shares during the period. Institutional investors and hedge funds own 97.21% of the company’s stock.

Analyst Ratings Changes

ELS has been the topic of a number of recent research reports. Jefferies Financial Group raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and lifted their target price for the company from $72.00 to $80.00 in a research report on Thursday, January 2nd. Robert W. Baird lifted their target price on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Royal Bank of Canada lowered their target price on 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 raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Finally, Evercore ISI lowered their target price on Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating on the stock in a research report on Tuesday, January 28th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $73.78.

Equity LifeStyle Properties Trading Up 0.6 %

Equity LifeStyle Properties stock opened at $68.96 on Tuesday. Equity LifeStyle Properties, Inc. has a 52 week low of $59.82 and a 52 week high of $76.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02. The stock has a market capitalization of $13.18 billion, a P/E ratio of 35.36, a PEG ratio of 3.02 and a beta of 0.79. The stock has a 50-day simple moving average of $66.37 and a 200 day simple moving average of $69.12.

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 analysts’ consensus estimates of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. Analysts expect that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share 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. Investors of record on Friday, March 28th will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, March 28th. This represents a $2.06 dividend on an annualized basis and a yield of 2.99%. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 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.