Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Purchased by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE raised its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 9.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,129 shares of the real estate investment trust’s stock after purchasing an additional 985 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Equity LifeStyle Properties were worth $741,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ELS. National Pension Service acquired a new stake in shares of Equity LifeStyle Properties during the 4th quarter worth about $25,000. Geneos Wealth Management Inc. acquired a new stake in shares of Equity LifeStyle Properties during the fourth quarter valued at about $30,000. Board of the Pension Protection Fund purchased a new stake in shares of Equity LifeStyle Properties in the 4th quarter valued at approximately $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 acquiring an additional 171 shares during the period. Finally, UMB Bank n.a. lifted its holdings 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 worth $60,000 after acquiring an additional 364 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ELS. Truist Financial upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Jefferies Financial Group upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and boosted their price objective for the company from $72.00 to $80.00 in a report on Thursday, January 2nd. Robert W. Baird boosted their price objective on Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Royal Bank of Canada reduced their target price on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 29th. Finally, Evercore ISI decreased their price target on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating for the company in a research note on Tuesday, January 28th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $73.78.

Equity LifeStyle Properties Stock Performance

Shares of ELS stock opened at $65.74 on Friday. The stock’s 50-day moving average is $66.97 and its two-hundred day moving average is $68.68. 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 1 year low of $59.82 and a 1 year high of $76.60. The firm has a market cap of $12.57 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 3.02 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS) last released 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 return on equity of 23.12% and a net margin of 24.05%. Analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a $0.515 dividend. The ex-dividend date is Friday, March 28th. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. This represents a $2.06 dividend on an annualized basis and a yield of 3.13%. Equity LifeStyle Properties’s 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.