Equity LifeStyle Properties, Inc. (NYSE:ELS) Position Increased by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 617,602 shares of the real estate investment trust’s stock after buying an additional 33,260 shares during the quarter. Hsbc Holdings PLC’s holdings in Equity LifeStyle Properties were worth $41,106,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in ELS. Tower Research Capital LLC TRC lifted its position in shares of Equity LifeStyle Properties by 152.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 18,400 shares of the real estate investment trust’s stock valued at $1,225,000 after acquiring an additional 11,097 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in Equity LifeStyle Properties by 21.3% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 32,986 shares of the real estate investment trust’s stock valued at $2,197,000 after purchasing an additional 5,788 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Equity LifeStyle Properties by 11.0% in the fourth quarter. MetLife Investment Management LLC now owns 113,265 shares of the real estate investment trust’s stock valued at $7,543,000 after purchasing an additional 11,242 shares in the last quarter. Natixis boosted its position in shares of Equity LifeStyle Properties by 144.9% in the fourth quarter. Natixis now owns 34,606 shares of the real estate investment trust’s stock worth $2,305,000 after buying an additional 20,478 shares during the period. Finally, First Trust Advisors LP grew its holdings in shares of Equity LifeStyle Properties by 11.0% during the fourth quarter. First Trust Advisors LP now owns 35,081 shares of the real estate investment trust’s stock valued at $2,336,000 after buying an additional 3,475 shares in the last quarter. 97.21% of the stock is owned by hedge funds and other institutional investors.

Equity LifeStyle Properties Stock Down 0.5 %

ELS stock opened at $63.11 on Friday. The firm has a market cap of $12.06 billion, a PE ratio of 32.36, a PEG ratio of 3.02 and a beta of 0.72. Equity LifeStyle Properties, Inc. has a 1 year low of $58.86 and a 1 year high of $76.60. The company has a fifty day simple moving average of $66.25 and a 200 day simple moving average of $67.50. 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 announced its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.83. The company had revenue of $327.21 million during the quarter, compared to analysts’ expectations of $391.34 million. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. During the same quarter in the previous year, the firm earned $0.59 earnings per share. Sell-side analysts anticipate that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.26%. The ex-dividend date was Friday, March 28th. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. Equity LifeStyle Properties’s dividend payout ratio (DPR) is 106.74%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ELS shares. Robert W. Baird increased their price objective on Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Royal Bank of Canada reduced their price target on shares of 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. BMO Capital Markets dropped their price objective on shares of Equity LifeStyle Properties from $78.00 to $77.00 and set an “outperform” rating on the stock in a research note on Tuesday. Jefferies Financial Group initiated coverage on shares of Equity LifeStyle Properties in a research note on Tuesday, April 8th. They set a “buy” rating and a $80.00 target price for the company. Finally, Truist Financial raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $74.10.

Equity LifeStyle Properties 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.