ProShare Advisors LLC Raises Position in Equity Lifestyle Properties, Inc. $ELS

ProShare Advisors LLC grew its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 10.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 586,269 shares of the real estate investment trust’s stock after acquiring an additional 56,913 shares during the period. ProShare Advisors LLC owned about 0.30% of Equity Lifestyle Properties worth $35,587,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Empowered Funds LLC grew its stake in Equity Lifestyle Properties by 14.1% during the 1st 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 in the last quarter. Jane Street Group LLC boosted its stake in shares of Equity Lifestyle Properties by 598.5% in the 1st 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 grew its position in shares of 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 worth $1,542,000 after buying an additional 8,873 shares in the last quarter. Callan Family Office LLC purchased a new stake in shares of Equity Lifestyle Properties during the second quarter worth approximately $588,000. Finally, IFP Advisors Inc raised its holdings in Equity Lifestyle Properties by 874.7% in the second quarter. IFP Advisors Inc now owns 848 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 761 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ELS has been the subject of several analyst reports. Truist Financial set a $66.00 price target on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a report on Tuesday, January 20th. Robert W. Baird set a $73.00 price objective on shares of Equity Lifestyle Properties in a research report on Friday, January 30th. UBS Group set a $67.00 target price on Equity Lifestyle Properties and gave the company a “buy” rating in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft downgraded Equity Lifestyle Properties from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a report on Tuesday, January 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Lifestyle Properties in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.19.

Equity Lifestyle Properties Stock Up 0.1%

ELS opened at $65.57 on Tuesday. Equity Lifestyle Properties, Inc. has a one year low of $58.15 and a one year 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 stock has a market capitalization of $12.71 billion, a P/E ratio of 32.62, a price-to-earnings-growth ratio of 3.64 and a beta of 0.76. The business’s 50-day simple moving average is $62.10 and its 200-day simple moving average is $61.48.

Equity Lifestyle Properties Increases Dividend

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

Equity Lifestyle Properties 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.