AEGON ASSET MANAGEMENT UK Plc Buys New Stake in Equity LifeStyle Properties, Inc. (NYSE:ELS)

AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 16,275 shares of the real estate investment trust’s stock, valued at approximately $1,083,000.

Other hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. bought a new stake in shares of Equity LifeStyle Properties in the fourth quarter worth about $30,000. Board of the Pension Protection Fund bought a new stake in Equity LifeStyle Properties in the 4th quarter worth approximately $33,000. UMB Bank n.a. increased its stake in Equity LifeStyle Properties by 356.4% in 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 during the last quarter. MassMutual Private Wealth & Trust FSB raised 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 worth $38,000 after acquiring an additional 171 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its position in shares of Equity LifeStyle Properties by 31.3% during 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 during the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Stock Up 1.0 %

NYSE:ELS opened at $67.15 on Friday. The company has a market cap of $12.83 billion, a price-to-earnings ratio of 34.61, a price-to-earnings-growth ratio of 3.28 and a beta of 0.79. Equity LifeStyle Properties, Inc. has a twelve month low of $59.82 and a twelve month high of $76.60. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $68.01 and a 200-day simple moving average of $69.52.

Equity LifeStyle Properties Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were issued a dividend of $0.477 per share. The ex-dividend date was Friday, December 27th. This represents a $1.91 dividend on an annualized basis and a yield of 2.84%. Equity LifeStyle Properties’s payout ratio is 98.45%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ELS shares. Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and upped their price target for the company from $66.00 to $73.00 in a research note on Tuesday, January 21st. Evercore ISI increased their price target on shares of Equity LifeStyle Properties from $76.00 to $77.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Jefferies Financial Group raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $72.00 to $80.00 in a research note on Thursday, January 2nd. UBS Group raised Equity LifeStyle Properties to a “strong-buy” rating in a research note on Thursday, October 10th. Finally, Robert W. Baird boosted their target price on Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $74.20.

Equity LifeStyle Properties Company 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.