Toroso Investments LLC Purchases 819 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Toroso Investments LLC lifted its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS – Get Rating) by 4.8% in the third quarter, HoldingsChannel reports. The fund owned 18,038 shares of the real estate investment trust’s stock after buying an additional 819 shares during the period. Toroso Investments LLC’s holdings in Equity LifeStyle Properties were worth $1,134,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Aurora Investment Managers LLC. raised its holdings in Equity LifeStyle Properties by 1.5% during the 3rd quarter. Aurora Investment Managers LLC. now owns 12,343 shares of the real estate investment trust’s stock worth $776,000 after purchasing an additional 185 shares during the last quarter. Utah Retirement Systems lifted its holdings in Equity LifeStyle Properties by 0.6% in the first quarter. Utah Retirement Systems now owns 31,704 shares of the real estate investment trust’s stock valued at $2,425,000 after buying an additional 200 shares during the period. Delphia USA Inc. lifted its holdings in Equity LifeStyle Properties by 10.2% in the second quarter. Delphia USA Inc. now owns 2,928 shares of the real estate investment trust’s stock valued at $206,000 after buying an additional 270 shares during the period. Corient Capital Partners LLC boosted its stake in Equity LifeStyle Properties by 3.3% in the second quarter. Corient Capital Partners LLC now owns 8,756 shares of the real estate investment trust’s stock valued at $617,000 after acquiring an additional 282 shares during the last quarter. Finally, Manchester Capital Management LLC grew its holdings in Equity LifeStyle Properties by 39.4% during the 3rd quarter. Manchester Capital Management LLC now owns 1,023 shares of the real estate investment trust’s stock worth $64,000 after acquiring an additional 289 shares during the period. Institutional investors and hedge funds own 90.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ELS. StockNews.com started coverage on Equity LifeStyle Properties in a report on Thursday. They issued a “hold” rating for the company. Barclays increased their price target on shares of Equity LifeStyle Properties from $75.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, February 15th. Truist Financial boosted their price objective on shares of Equity LifeStyle Properties from $71.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, January 17th. Robert W. Baird increased their target price on shares of Equity LifeStyle Properties from $68.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, February 1st. Finally, Citigroup boosted their price target on shares of Equity LifeStyle Properties from $62.00 to $74.00 and gave the company a “neutral” rating in a report on Friday, February 3rd. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $76.13.

Equity LifeStyle Properties Trading Down 0.9 %

ELS opened at $64.91 on Friday. The stock has a market capitalization of $12.08 billion, a P/E ratio of 42.43, a P/E/G ratio of 4.94 and a beta of 0.66. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.46. Equity LifeStyle Properties, Inc. has a 12 month low of $56.91 and a 12 month high of $83.80. The firm’s fifty day simple moving average is $68.85 and its 200 day simple moving average is $66.26.

Equity LifeStyle Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 31st will be given a dividend of $0.447 per share. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.41. This represents a $1.79 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Thursday, March 30th. Equity LifeStyle Properties’s dividend payout ratio is currently 107.19%.

Equity LifeStyle Properties Profile

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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.