Raymond James & Associates Acquires 4,066 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Raymond James & Associates raised its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELSGet Rating) by 13.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,488 shares of the real estate investment trust’s stock after purchasing an additional 4,066 shares during the quarter. Raymond James & Associates’ holdings in Equity LifeStyle Properties were worth $2,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. RB Capital Management LLC grew its stake in shares of Equity LifeStyle Properties by 6.1% during the 1st quarter. RB Capital Management LLC now owns 7,109 shares of the real estate investment trust’s stock worth $544,000 after acquiring an additional 407 shares during the period. Bank of Montreal Can grew its stake in shares of Equity LifeStyle Properties by 67.0% during the 1st quarter. Bank of Montreal Can now owns 36,421 shares of the real estate investment trust’s stock worth $2,820,000 after acquiring an additional 14,609 shares during the period. MetLife Investment Management LLC bought a new position in shares of Equity LifeStyle Properties during the 1st quarter worth $590,000. Yousif Capital Management LLC grew its stake in shares of Equity LifeStyle Properties by 3.2% during the 1st quarter. Yousif Capital Management LLC now owns 10,102 shares of the real estate investment trust’s stock worth $773,000 after acquiring an additional 314 shares during the period. Finally, Allianz Asset Management GmbH grew its stake in shares of Equity LifeStyle Properties by 1.1% during the 1st quarter. Allianz Asset Management GmbH now owns 653,625 shares of the real estate investment trust’s stock worth $49,989,000 after acquiring an additional 6,925 shares during the period. Institutional investors own 90.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Truist Financial increased their price target on Equity LifeStyle Properties from $71.00 to $73.00 and gave the stock a “buy” rating in a research note on Tuesday, January 17th. Royal Bank of Canada cut their target price on Equity LifeStyle Properties from $71.00 to $68.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 19th. Robert W. Baird cut their target price on Equity LifeStyle Properties from $76.00 to $68.00 in a research note on Tuesday, October 25th. Barclays cut their target price on Equity LifeStyle Properties from $92.00 to $75.00 and set an “overweight” rating for the company in a research note on Friday, October 7th. Finally, StockNews.com upgraded Equity LifeStyle Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, January 10th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Equity LifeStyle Properties currently has an average rating of “Hold” and a consensus price target of $74.43.

Equity LifeStyle Properties Stock Performance

NYSE:ELS opened at $68.02 on Monday. The business’s 50-day moving average price is $65.27 and its two-hundred day moving average price is $67.40. Equity LifeStyle Properties, Inc. has a twelve month low of $56.91 and a twelve month high of $83.80. The stock has a market cap of $12.66 billion, a P/E ratio of 45.35, a PEG ratio of 4.65 and a beta of 0.62. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.39.

Equity LifeStyle Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were issued a $0.41 dividend. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $1.64 annualized dividend and a dividend yield of 2.41%. Equity LifeStyle Properties’s payout ratio is currently 109.33%.

Equity LifeStyle Properties Company Profile

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We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 25, 2021, we own or have an interest in 423 quality properties in 33 states and British Columbia consisting of 161,229 sites.

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Institutional Ownership by Quarter for Equity LifeStyle Properties (NYSE:ELS)

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