Adelante Capital Administration LLC elevated its stake in Fairness LifeStyle Properties, Inc. (NYSE:ELS – Get Score) by 13.7% within the third quarter, in accordance with the corporate in its most up-to-date disclosure with the Securities and Alternate Fee. The fund owned 720,041 shares of the actual property funding belief’s inventory after shopping for a further 86,957 shares throughout the interval. Fairness LifeStyle Properties includes about 3.4% of Adelante Capital Administration LLC’s funding portfolio, making the inventory its thirteenth largest place. Adelante Capital Administration LLC owned roughly 0.39% of Fairness LifeStyle Properties value $45,248,000 as of its most up-to-date submitting with the Securities and Alternate Fee.
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Quite a lot of different hedge funds and different institutional traders have additionally made modifications to their positions within the inventory. Vanguard Group Inc. elevated its stake in Fairness LifeStyle Properties by 0.8% throughout the first quarter. Vanguard Group Inc. now owns 24,685,594 shares of the actual property funding belief’s inventory valued at $1,887,954,000 after buying a further 184,219 shares over the past quarter. BlackRock Inc. elevated its stake in Fairness LifeStyle Properties by 1.4% throughout the third quarter. BlackRock Inc. now owns 14,203,228 shares of the actual property funding belief’s inventory valued at $892,530,000 after buying a further 202,909 shares over the past quarter. State Road Corp elevated its stake in Fairness LifeStyle Properties by 13.0% throughout the first quarter. State Road Corp now owns 8,817,442 shares of the actual property funding belief’s inventory valued at $677,864,000 after buying a further 1,016,542 shares over the past quarter. Worth T Rowe Associates Inc. MD elevated its stake in Fairness LifeStyle Properties by 8.3% throughout the second quarter. Worth T Rowe Associates Inc. MD now owns 7,680,048 shares of the actual property funding belief’s inventory valued at $541,213,000 after buying a further 586,740 shares over the past quarter. Lastly, Victory Capital Administration Inc. elevated its stake in Fairness LifeStyle Properties by 21.4% throughout the third quarter. Victory Capital Administration Inc. now owns 5,446,021 shares of the actual property funding belief’s inventory valued at $342,227,000 after buying a further 960,088 shares over the past quarter. Institutional traders personal 90.65% of the corporate’s inventory.
Fairness LifeStyle Properties Worth Efficiency
ELS inventory traded up $1.28 throughout buying and selling on Monday, hitting $64.80. The corporate had a buying and selling quantity of 153,531 shares, in comparison with its common quantity of 772,625. The agency has a market capitalization of $12.06 billion, a price-to-earnings ratio of 41.52, a P/E/G ratio of 5.42 and a beta of 0.66. The enterprise has a 50 day transferring common of $68.77 and a 200 day transferring common of $66.46. Fairness LifeStyle Properties, Inc. has a fifty-two week low of $56.91 and a fifty-two week excessive of $83.80. The corporate has a present ratio of 0.02, a fast ratio of 0.02 and a debt-to-equity ratio of 0.46.
Fairness LifeStyle Properties Will increase Dividend
The agency additionally just lately declared a quarterly dividend, which will probably be paid on Friday, April 14th. Shareholders of file on Friday, March thirty first will probably be issued a $0.447 dividend. This represents a $1.79 dividend on an annualized foundation and a yield of two.76%. This is a rise from Fairness LifeStyle Properties’s earlier quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, March thirtieth. Fairness LifeStyle Properties’s dividend payout ratio is presently 107.19%.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on ELS shares. StockNews.com upgraded shares of Fairness LifeStyle Properties from a “promote” score to a “maintain” score in a analysis observe on Tuesday, January thirty first. Citigroup boosted their value goal on shares of Fairness LifeStyle Properties from $62.00 to $74.00 and gave the corporate a “impartial” score in a report on Friday, February third. Truist Monetary boosted their value goal on shares of Fairness LifeStyle Properties from $71.00 to $73.00 and gave the corporate a “purchase” score in a report on Tuesday, January seventeenth. Robert W. Baird boosted their value goal on shares of Fairness LifeStyle Properties from $68.00 to $78.00 and gave the corporate an “outperform” score in a report on Wednesday, February 1st. Lastly, Barclays boosted their value goal on shares of Fairness LifeStyle Properties from $75.00 to $79.00 and gave the corporate an “chubby” score in a report on Wednesday, February fifteenth. 5 analysts have rated the inventory with a maintain score and three have given a purchase score to the corporate’s inventory. Based mostly on knowledge from MarketBeat, Fairness LifeStyle Properties presently has a median score of “Maintain” and a median value goal of $76.13.
Fairness LifeStyle Properties Profile
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Fairness LifeStyle Properties, Inc is an actual property funding belief, which engages within the possession and operation of lifestyle-oriented properties consisting primarily of manufactured house, and leisure car communities. It operates via the next segments: Property Operations and Residence Gross sales and Leases Operations.
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