Duff & Phelps Investment Management Co. Boosts Stock Position in Equity Lifestyle Properties, Inc. $ELS

Duff & Phelps Investment Management Co. boosted its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 0.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,443,843 shares of the real estate investment trust’s stock after buying an additional 7,705 shares during the quarter. Duff & Phelps Investment Management Co. owned approximately 0.74% of Equity Lifestyle Properties worth $87,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Empowered Funds LLC boosted its position in Equity Lifestyle Properties by 14.1% during the first quarter. Empowered Funds LLC now owns 6,516 shares of the real estate investment trust’s stock valued at $435,000 after buying an additional 804 shares during the period. Jane Street Group LLC lifted 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 acquiring an additional 102,303 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of Equity Lifestyle Properties by 62.3% in the 1st quarter. Intech Investment Management LLC now owns 23,114 shares of the real estate investment trust’s stock valued at $1,542,000 after acquiring an additional 8,873 shares during the last quarter. Savant Capital LLC purchased a new stake in Equity Lifestyle Properties during the 2nd quarter valued at about $340,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Equity Lifestyle Properties by 9.9% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 293,511 shares of the real estate investment trust’s stock valued at $18,101,000 after acquiring an additional 26,481 shares during the period. 97.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on ELS shares. Zacks Research raised Equity Lifestyle Properties from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. UBS Group set a $67.00 price target on shares of Equity Lifestyle Properties and gave the stock a “buy” rating in a report on Thursday, January 8th. Truist Financial upped their price objective on shares of Equity Lifestyle Properties from $66.00 to $69.00 and gave the company a “hold” rating in a research note on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Lifestyle Properties in a report on Thursday, January 22nd. Finally, Wall Street Zen cut Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $70.42.

Equity Lifestyle Properties Stock Performance

Shares of ELS stock opened at $66.98 on Thursday. The firm has a market capitalization of $12.99 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 3.76 and a beta of 0.75. The stock has a fifty day moving average of $64.75 and a 200 day moving average of $62.58. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $69.28. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.30.

Equity Lifestyle Properties Increases Dividend

The business 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. The ex-dividend date of this dividend is Friday, March 27th. This represents a $2.17 annualized dividend and a dividend yield of 3.2%. This is a positive change from Equity Lifestyle Properties’s previous quarterly dividend of $0.52. Equity Lifestyle Properties’s dividend payout ratio is 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.