McGlone Suttner Wealth Management Inc. Purchases New Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

McGlone Suttner Wealth Management Inc. purchased a new stake in Equity LifeStyle Properties, Inc. (NYSE:ELSFree Report) in the 4th quarter, HoldingsChannel reports. The firm purchased 1,091 shares of the real estate investment trust’s stock, valued at approximately $77,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Eagle Bay Advisors LLC purchased a new position in shares of Equity LifeStyle Properties in the 2nd quarter valued at about $30,000. Anchor Investment Management LLC acquired a new stake in Equity LifeStyle Properties in the 4th quarter worth about $47,000. Brown Brothers Harriman & Co. acquired a new stake in Equity LifeStyle Properties in the 1st quarter worth about $59,000. Kelly Lawrence W & Associates Inc. CA acquired a new stake in Equity LifeStyle Properties in the 3rd quarter worth about $64,000. Finally, Second Half Financial Partners LLC acquired a new stake in Equity LifeStyle Properties in the 3rd quarter worth about $66,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Trading Up 0.1 %

Shares of Equity LifeStyle Properties stock opened at $64.40 on Friday. The stock has a 50 day moving average of $66.37 and a 200 day moving average of $67.46. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.03 and a current ratio of 0.03. The firm has a market capitalization of $12.01 billion, a price-to-earnings ratio of 38.33, a PEG ratio of 3.83 and a beta of 0.70. Equity LifeStyle Properties, Inc. has a fifty-two week low of $60.47 and a fifty-two week high of $74.04.

Equity LifeStyle Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Thursday, March 28th will be given a dividend of $0.477 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.96%. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, March 27th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 113.69%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $70.00 price objective on shares of Equity LifeStyle Properties in a report on Wednesday, January 31st. Truist Financial lowered their price objective on Equity LifeStyle Properties from $73.00 to $72.00 and set a “hold” rating on the stock in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft began coverage on Equity LifeStyle Properties in a report on Tuesday, January 30th. They set a “hold” rating and a $64.00 target price on the stock. Finally, Wolfe Research upgraded Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a report on Friday, February 9th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $70.15.

Get Our Latest Stock Analysis on Equity LifeStyle Properties

Equity LifeStyle Properties Company Profile

(Free Report)

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.

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

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