Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Sold by Stephens Inc. AR

Stephens Inc. AR lowered its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELSGet Rating) by 25.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,160 shares of the real estate investment trust’s stock after selling 1,767 shares during the period. Stephens Inc. AR’s holdings in Equity LifeStyle Properties were worth $324,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ELS. JPMorgan Chase & Co. increased its position in shares of Equity LifeStyle Properties by 55.1% during the second quarter. JPMorgan Chase & Co. now owns 5,135,313 shares of the real estate investment trust’s stock worth $361,885,000 after purchasing an additional 1,823,555 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Equity LifeStyle Properties by 147.1% during the first quarter. Invesco Ltd. now owns 2,541,777 shares of the real estate investment trust’s stock worth $194,396,000 after buying an additional 1,512,944 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Equity LifeStyle Properties by 25.3% during the second quarter. Principal Financial Group Inc. now owns 6,049,981 shares of the real estate investment trust’s stock worth $426,346,000 after buying an additional 1,220,440 shares during the last quarter. State Street Corp grew its holdings in shares of Equity LifeStyle Properties by 13.0% during the first quarter. State Street Corp now owns 8,817,442 shares of the real estate investment trust’s stock worth $677,864,000 after buying an additional 1,016,542 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Equity LifeStyle Properties by 21.4% during the third quarter. Victory Capital Management Inc. now owns 5,446,021 shares of the real estate investment trust’s stock worth $342,227,000 after buying an additional 960,088 shares during the last quarter. Institutional investors and hedge funds own 90.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Truist Financial raised their price target on Equity LifeStyle Properties from $71.00 to $73.00 and gave the stock a “buy” rating in a report on Tuesday, January 17th. Robert W. Baird lowered their price target on Equity LifeStyle Properties from $76.00 to $68.00 in a report on Tuesday, October 25th. Barclays lowered their price target on Equity LifeStyle Properties from $92.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, October 7th. StockNews.com lowered Equity LifeStyle Properties from a “hold” rating to a “sell” rating in a report on Monday. Finally, Evercore ISI lowered their price objective on Equity LifeStyle Properties from $71.00 to $70.00 in a report on Tuesday, September 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $74.43.

Equity LifeStyle Properties Price Performance

Shares of ELS opened at $68.37 on Tuesday. The stock’s 50 day moving average is $65.38 and its two-hundred day moving average is $67.37. The firm has a market capitalization of $12.72 billion, a PE ratio of 45.58, a P/E/G ratio of 4.65 and a beta of 0.62. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.39. Equity LifeStyle Properties, Inc. has a twelve month low of $56.91 and a twelve month high of $83.80.

Equity LifeStyle Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Thursday, December 29th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is 109.33%.

About Equity LifeStyle Properties

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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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