M&T Bank Corp Grows Holdings in Equity Lifestyle Properties, Inc. $ELS
M&T Bank Corp increased its stake in Equity Lifestyle Properties (ELS) by 40.5% in Q4, acquiring 15,838 additional shares to reach a total of 54,899 shares valued at approximately $3.33 million. Despite missing quarterly EPS estimates, ELS's revenue slightly exceeded expectations, and the company declared a quarterly dividend of $0.5425. Analysts currently rate ELS as a "Moderate Buy" with a consensus target price of $69.48, and institutional investors hold a significant 97.21% of the shares.