Equity LifeStyle Properties, Inc. (NYSE:ELS) Holdings Reduced by Strs Ohio

Strs Ohio decreased its position in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 30.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 49,186 shares of the real estate investment trust’s stock after selling 21,900 shares during the period. Strs Ohio’s holdings in Equity LifeStyle Properties were worth $3,469,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Equity LifeStyle Properties by 1.1% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 640,236 shares of the real estate investment trust’s stock valued at $45,162,000 after acquiring an additional 7,234 shares in the last quarter. Lecap Asset Management Ltd. bought a new position in shares of Equity LifeStyle Properties in the fourth quarter valued at approximately $481,000. Louisiana State Employees Retirement System bought a new position in shares of Equity LifeStyle Properties in the fourth quarter valued at approximately $3,696,000. Cerity Partners LLC bought a new position in shares of Equity LifeStyle Properties in the fourth quarter valued at approximately $317,000. Finally, Capital Square LLC boosted its holdings in shares of Equity LifeStyle Properties by 16.1% in the fourth quarter. Capital Square LLC now owns 26,335 shares of the real estate investment trust’s stock valued at $1,858,000 after acquiring an additional 3,644 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Stock Up 0.9 %

Shares of NYSE:ELS opened at $62.34 on Friday. 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 company has a market cap of $11.63 billion, a PE ratio of 37.11, a price-to-earnings-growth ratio of 3.68 and a beta of 0.69. Equity LifeStyle Properties, Inc. has a 52 week low of $60.47 and a 52 week high of $74.04. The firm has a 50 day simple moving average of $65.01 and a 200 day simple moving average of $67.12.

Equity LifeStyle Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were given a $0.477 dividend. This represents a $1.91 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Wednesday, March 27th. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. Equity LifeStyle Properties’s dividend payout ratio is 113.69%.

Analyst Upgrades and Downgrades

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

Equity LifeStyle Properties Company Profile

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.