Cerity Partners LLC Buys New Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Cerity Partners LLC bought a new stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,492 shares of the real estate investment trust’s stock, valued at approximately $317,000.

A number of other large investors have also added to or reduced their stakes in ELS. CWM LLC increased its stake in Equity LifeStyle Properties by 10.8% in the 3rd quarter. CWM LLC now owns 2,029 shares of the real estate investment trust’s stock worth $129,000 after acquiring an additional 198 shares during the last quarter. DAVENPORT & Co LLC increased its position in shares of Equity LifeStyle Properties by 6.7% during the 3rd quarter. DAVENPORT & Co LLC now owns 8,678 shares of the real estate investment trust’s stock valued at $553,000 after purchasing an additional 546 shares during the last quarter. Exchange Traded Concepts LLC increased its position in shares of Equity LifeStyle Properties by 2,830.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 8,937 shares of the real estate investment trust’s stock valued at $569,000 after purchasing an additional 8,632 shares during the last quarter. Oak Thistle LLC increased its position in shares of Equity LifeStyle Properties by 30.7% during the 3rd quarter. Oak Thistle LLC now owns 4,360 shares of the real estate investment trust’s stock valued at $278,000 after purchasing an additional 1,024 shares during the last quarter. Finally, Copeland Capital Management LLC increased its position in shares of Equity LifeStyle Properties by 23.7% during the 3rd quarter. Copeland Capital Management LLC now owns 19,040 shares of the real estate investment trust’s stock valued at $1,213,000 after purchasing an additional 3,643 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Trading Down 0.4 %

Shares of NYSE ELS opened at $60.53 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.03 and a quick ratio of 0.03. The stock has a market capitalization of $11.29 billion, a P/E ratio of 33.08, a price-to-earnings-growth ratio of 4.00 and a beta of 0.69. Equity LifeStyle Properties, Inc. has a 1-year low of $60.47 and a 1-year high of $74.04. The business has a fifty day moving average price of $64.41 and a 200 day moving average price of $67.06.

Equity LifeStyle Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were paid a dividend of $0.477 per share. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date was Wednesday, March 27th. Equity LifeStyle Properties’s dividend payout ratio is 104.37%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wolfe Research upgraded 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. Barclays dropped their price objective on Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating for the company in a report on Friday. Royal Bank of Canada restated a “sector perform” rating and set a $70.00 price objective on shares of Equity LifeStyle Properties in a report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft assumed coverage on Equity LifeStyle Properties in a report on Tuesday, January 30th. They set a “hold” rating and a $64.00 price objective for the company. Finally, Truist Financial lowered their target price on Equity LifeStyle Properties from $73.00 to $72.00 and set a “hold” rating for the company in a report on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $69.55.

About Equity LifeStyle Properties

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.