AGF Management Ltd. Has $3.34 Million Position in Equity Lifestyle Properties, Inc. $ELS

AGF Management Ltd. raised its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 16.2% in the 3rd quarter, Holdings Channel reports. The firm owned 54,940 shares of the real estate investment trust’s stock after acquiring an additional 7,668 shares during the period. AGF Management Ltd.’s holdings in Equity Lifestyle Properties were worth $3,335,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of ELS. Massachusetts Financial Services Co. MA increased its stake in shares of Equity Lifestyle Properties by 114.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,375,154 shares of the real estate investment trust’s stock valued at $326,272,000 after purchasing an additional 2,868,678 shares during the last quarter. Norges Bank acquired a new stake in Equity Lifestyle Properties in the second quarter valued at about $164,862,000. Royal London Asset Management Ltd. grew its position in Equity Lifestyle Properties by 1,520.4% in the second quarter. Royal London Asset Management Ltd. now owns 1,771,803 shares of the real estate investment trust’s stock valued at $109,267,000 after acquiring an additional 1,662,458 shares during the last quarter. Bank of America Corp DE raised its stake in Equity Lifestyle Properties by 53.6% during the second quarter. Bank of America Corp DE now owns 2,227,360 shares of the real estate investment trust’s stock worth $137,361,000 after acquiring an additional 777,107 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of Equity Lifestyle Properties by 72.2% in the second quarter. Qube Research & Technologies Ltd now owns 1,722,135 shares of the real estate investment trust’s stock worth $106,204,000 after acquiring an additional 721,779 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity Lifestyle Properties Price Performance

Shares of NYSE:ELS opened at $65.53 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.05 and a current ratio of 0.04. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $70.35. The firm has a market cap of $12.70 billion, a PE ratio of 32.60, a price-to-earnings-growth ratio of 3.75 and a beta of 0.76. The firm’s fifty day moving average is $61.91 and its 200-day moving average is $61.37.

Equity Lifestyle Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be given a $0.5425 dividend. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, March 27th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.3%. Equity Lifestyle Properties’s dividend payout ratio is presently 102.49%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Lifestyle Properties in a report on Thursday, January 22nd. UBS Group set a $67.00 target price on shares of Equity Lifestyle Properties and gave the stock a “buy” rating in a research note on Thursday, January 8th. Deutsche Bank Aktiengesellschaft downgraded shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a report on Tuesday, January 20th. Wall Street Zen raised Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a report on Sunday. Finally, Bank of America raised Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $76.00 target price for the company in a report on Tuesday. One investment 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $69.96.

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.