Equity Lifestyle Properties, Inc. $ELS Holdings Lowered by Allianz Asset Management GmbH

Allianz Asset Management GmbH reduced its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 8.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 379,322 shares of the real estate investment trust’s stock after selling 37,005 shares during the period. Allianz Asset Management GmbH owned 0.20% of Equity Lifestyle Properties worth $23,025,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Empowered Funds LLC lifted its position in Equity Lifestyle Properties by 14.1% in the first quarter. Empowered Funds LLC now owns 6,516 shares of the real estate investment trust’s stock worth $435,000 after purchasing an additional 804 shares during the period. Jane Street Group LLC lifted its holdings in shares of Equity Lifestyle Properties by 598.5% in the first quarter. Jane Street Group LLC now owns 119,397 shares of the real estate investment trust’s stock valued at $7,964,000 after buying an additional 102,303 shares during the period. Intech Investment Management LLC boosted its stake in Equity Lifestyle Properties by 62.3% during the first quarter. Intech Investment Management LLC now owns 23,114 shares of the real estate investment trust’s stock valued at $1,542,000 after buying an additional 8,873 shares in the last quarter. Truist Financial Corp grew its holdings in Equity Lifestyle Properties by 8.5% during the second quarter. Truist Financial Corp now owns 24,783 shares of the real estate investment trust’s stock worth $1,528,000 after acquiring an additional 1,943 shares during the period. Finally, KLP Kapitalforvaltning AS raised its position in Equity Lifestyle Properties by 7.0% in the second quarter. KLP Kapitalforvaltning AS now owns 58,300 shares of the real estate investment trust’s stock worth $3,621,000 after acquiring an additional 3,800 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $70.00 price objective on shares of Equity Lifestyle Properties in a research report on Friday, January 30th. Robert W. Baird set a $73.00 price target on shares of Equity Lifestyle Properties in a research report on Friday, January 30th. Truist Financial set a $66.00 price target on Equity Lifestyle Properties and gave the company a “hold” rating in a report on Tuesday, January 20th. UBS Group set a $67.00 price objective on Equity Lifestyle Properties and gave the stock a “buy” rating in a research note on Thursday, January 8th. Finally, Bank of America raised Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $76.00 target price on the stock in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $70.19.

Equity Lifestyle Properties Trading Down 1.2%

Equity Lifestyle Properties stock opened at $65.63 on Friday. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $70.35. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.05 and a current ratio of 0.04. The firm has a market capitalization of $12.72 billion, a price-to-earnings ratio of 32.65, a P/E/G ratio of 3.69 and a beta of 0.76. The company has a 50 day moving average price of $62.04 and a 200 day moving average price of $61.44.

Equity Lifestyle Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be given a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 3.3%. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, March 27th. Equity Lifestyle Properties’s payout ratio is 102.49%.

Equity Lifestyle Properties Company Profile

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.