State of Alaska Department of Revenue Has $8.94 Million Stock Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

State of Alaska Department of Revenue lifted its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 134,327 shares of the real estate investment trust’s stock after buying an additional 3,096 shares during the period. State of Alaska Department of Revenue’s holdings in Equity LifeStyle Properties were worth $8,944,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Geneos Wealth Management Inc. bought a new stake in Equity LifeStyle Properties in the fourth quarter worth $30,000. Board of the Pension Protection Fund acquired a new stake in shares of Equity LifeStyle Properties in the fourth quarter worth about $33,000. UMB Bank n.a. boosted its stake in shares of Equity LifeStyle Properties by 356.4% during the 3rd quarter. UMB Bank n.a. now owns 534 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 417 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of 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 valued at $38,000 after acquiring an additional 171 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its stake in shares of Equity LifeStyle Properties by 31.3% in the 3rd quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 146 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Compass Point upped their target price 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. Truist Financial raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Robert W. Baird lifted their target price on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. 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 report on Tuesday, January 28th. Finally, UBS Group upgraded Equity LifeStyle Properties to a “strong-buy” rating in a research note on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Equity LifeStyle Properties has an average rating of “Moderate Buy” and an average price target of $73.90.

Equity LifeStyle Properties Stock Performance

NYSE:ELS opened at $66.38 on Friday. The firm’s 50-day moving average is $67.09 and its 200-day moving average is $69.44. The company 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 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 52-week low of $59.82 and a 52-week high of $76.60.

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, meeting the consensus estimate of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. Equities research analysts anticipate that Equity LifeStyle Properties, Inc. will post 3.1 earnings per share for the current year.

Equity LifeStyle Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a $0.515 dividend. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. This represents a $2.06 annualized dividend and a yield of 3.10%. Equity LifeStyle Properties’s dividend payout ratio (DPR) is 97.95%.

About Equity LifeStyle Properties

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.