Verition Fund Management LLC Decreases Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Verition Fund Management LLC lessened its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS – Get Rating) by 67.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,796 shares of the real estate investment trust’s stock after selling 7,998 shares during the period. Verition Fund Management LLC’s holdings in Equity LifeStyle Properties were worth $239,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Private Trust Co. NA purchased a new stake in Equity LifeStyle Properties during the second quarter worth about $25,000. Wipfli Financial Advisors LLC purchased a new stake in Equity LifeStyle Properties during the third quarter worth about $25,000. SeaCrest Wealth Management LLC purchased a new stake in Equity LifeStyle Properties during the second quarter worth about $27,000. Eagle Bay Advisors LLC purchased a new stake in Equity LifeStyle Properties during the second quarter worth about $30,000. Finally, Exos TFP Holdings LLC purchased a new stake in Equity LifeStyle Properties during the third quarter worth about $33,000. Hedge funds and other institutional investors own 90.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ELS shares. Barclays increased their target price on shares of Equity LifeStyle Properties from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 15th. Truist Financial increased their target price on shares of Equity LifeStyle Properties from $71.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, January 17th. Citigroup increased their target price on shares of Equity LifeStyle Properties from $62.00 to $74.00 and gave the stock a “neutral” rating in a research report on Friday, February 3rd. Robert W. Baird increased their target price on shares of Equity LifeStyle Properties from $68.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 1st. Finally, StockNews.com upgraded shares of Equity LifeStyle Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, January 31st. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Equity LifeStyle Properties has an average rating of “Hold” and a consensus target price of $76.13.

Equity LifeStyle Properties Trading Down 2.6 %

Shares of Equity LifeStyle Properties stock opened at $65.17 on Friday. Equity LifeStyle Properties, Inc. has a 1 year low of $56.91 and a 1 year high of $83.80. The firm has a market cap of $12.13 billion, a PE ratio of 42.60, a PEG ratio of 5.70 and a beta of 0.66. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.02 and a quick ratio of 0.02. The company has a 50 day simple moving average of $68.79 and a two-hundred day simple moving average of $66.62.

Equity LifeStyle Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be given a dividend of $0.447 per share. The ex-dividend date is Thursday, March 30th. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.41. This represents a $1.79 annualized dividend and a yield of 2.74%. Equity LifeStyle Properties’s payout ratio is presently 107.19%.

Equity LifeStyle Properties Company Profile

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Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.