NEOS Investment Management LLC Buys 9,304 Shares of Equity Lifestyle Properties, Inc. $ELS

NEOS Investment Management LLC grew its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 102.2% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 18,405 shares of the real estate investment trust’s stock after buying an additional 9,304 shares during the period. NEOS Investment Management LLC’s holdings in Equity Lifestyle Properties were worth $1,117,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Pring Turner Capital Group Inc. increased its stake in Equity Lifestyle Properties by 0.9% during the third quarter. Pring Turner Capital Group Inc. now owns 73,896 shares of the real estate investment trust’s stock valued at $4,486,000 after acquiring an additional 688 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Equity Lifestyle Properties in the 3rd quarter worth approximately $341,000. M&G PLC lifted its position in shares of Equity Lifestyle Properties by 8.2% in the 3rd quarter. M&G PLC now owns 3,293 shares of the real estate investment trust’s stock worth $201,000 after acquiring an additional 249 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its position in shares of Equity Lifestyle Properties by 1.2% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 43,195 shares of the real estate investment trust’s stock worth $2,622,000 after acquiring an additional 507 shares during the period. Finally, Fifth Third Bancorp increased its holdings in Equity Lifestyle Properties by 71.5% in the 3rd quarter. Fifth Third Bancorp now owns 5,948 shares of the real estate investment trust’s stock valued at $361,000 after buying an additional 2,480 shares during the period. Institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Stock Performance

Shares of Equity Lifestyle Properties stock opened at $67.52 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.04 and a quick ratio of 0.05. The firm has a 50 day simple moving average of $63.12 and a 200 day simple moving average of $61.92. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $70.35. The firm has a market cap of $13.09 billion, a P/E 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%. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, March 27th. Equity Lifestyle Properties’s payout ratio is currently 107.96%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ELS shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $75.00 price objective (up from $72.00) on shares of Equity Lifestyle Properties in a report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Lifestyle Properties in a report on Thursday, January 22nd. Royal Bank Of Canada restated an “outperform” rating and set a $70.00 target price on shares of Equity Lifestyle Properties in a research report on Friday, January 30th. Wall Street Zen upgraded shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research report on Sunday, February 1st. Finally, Zacks Research downgraded Equity Lifestyle Properties from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $70.27.

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.