Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. lifted its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 185.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,882 shares of the real estate investment trust’s stock after purchasing an additional 16,176 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Equity LifeStyle Properties were worth $1,657,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new stake in Equity LifeStyle Properties in the 2nd quarter valued at $1,010,000. GAMMA Investing LLC boosted 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 valued at $102,000 after acquiring an additional 611 shares during the last quarter. CWM LLC grew its holdings 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 purchasing an additional 493 shares during the period. UMB Bank n.a. increased its position 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 purchasing an additional 417 shares during the last quarter. Finally, Tobam raised its stake in Equity LifeStyle Properties by 27.3% during the third quarter. Tobam now owns 1,425 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 306 shares during the period. Institutional investors and hedge funds own 97.21% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on ELS shares. Truist Financial raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Compass Point increased their price objective 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. Evercore ISI reduced 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. Robert W. Baird increased their price target on Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Finally, Royal Bank of Canada cut their price objective on Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $73.90.

Equity LifeStyle Properties Price Performance

ELS opened at $66.38 on Friday. The stock’s 50-day moving average price is $67.09 and its 200 day moving average price is $69.44. Equity LifeStyle Properties, Inc. has a 12-month low of $59.82 and a 12-month high of $76.60. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 2.78 and a beta of 0.79. The company has a current ratio of 0.02, a quick ratio of 0.03 and a debt-to-equity ratio of 0.15.

Equity LifeStyle Properties (NYSE:ELS) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. As a group, sell-side analysts expect that Equity LifeStyle Properties, Inc. will post 3.1 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. Shareholders of record on Friday, March 28th will be paid a $0.515 dividend. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. This represents a $2.06 annualized dividend and a dividend yield of 3.10%. Equity LifeStyle Properties’s payout ratio is 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.