Aberdeen Group plc Has $4.76 Million Stock Holdings in Equity Lifestyle Properties, Inc. $ELS

Aberdeen Group plc cut its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 54.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 79,994 shares of the real estate investment trust’s stock after selling 95,354 shares during the period. Aberdeen Group plc’s holdings in Equity Lifestyle Properties were worth $4,760,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ELS. State Street Corp boosted its position in Equity Lifestyle Properties by 1.8% during the second quarter. State Street Corp now owns 13,268,436 shares of the real estate investment trust’s stock worth $824,943,000 after purchasing an additional 237,090 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Equity Lifestyle Properties by 114.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,375,154 shares of the real estate investment trust’s stock worth $326,272,000 after purchasing an additional 2,868,678 shares during the period. JPMorgan Chase & Co. increased its stake in Equity Lifestyle Properties by 12.2% in the second quarter. JPMorgan Chase & Co. now owns 4,724,515 shares of the real estate investment trust’s stock valued at $291,363,000 after acquiring an additional 515,063 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Equity Lifestyle Properties by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 4,071,627 shares of the real estate investment trust’s stock worth $250,491,000 after buying an additional 20,600 shares in the last quarter. Finally, Norges Bank acquired a new position in Equity Lifestyle Properties during the second quarter worth about $164,862,000. 97.21% of the stock is owned by institutional investors and hedge funds.

Equity Lifestyle Properties Stock Performance

Shares of ELS stock opened at $67.52 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’s 50-day simple moving average is $63.12 and its two-hundred day simple moving average is $61.92. The firm has a market cap of $13.09 billion, a price-to-earnings ratio of 33.59, a P/E/G ratio of 3.73 and a beta of 0.76.

Equity Lifestyle Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be paid a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, March 27th. This is a positive change from Equity Lifestyle Properties’s previous quarterly dividend of $0.52. Equity Lifestyle Properties’s dividend payout ratio is currently 102.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. UBS Group set a $67.00 price objective on Equity Lifestyle Properties and gave the stock a “buy” rating in a research report on Thursday, January 8th. Truist Financial lifted their price objective on Equity Lifestyle Properties from $66.00 to $69.00 and gave the stock a “hold” rating in a research report on Wednesday. Robert W. Baird set a $73.00 target price on shares of Equity Lifestyle Properties in a research report on Friday, January 30th. BMO Capital Markets reissued an “outperform” rating and issued a $75.00 price objective (up previously from $72.00) on shares of Equity Lifestyle Properties in a research note on Wednesday. Finally, Wall Street Zen raised shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research report on Sunday, February 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Equity Lifestyle Properties currently has an average rating of “Moderate Buy” and an average price target of $70.27.

About Equity Lifestyle Properties

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.