4,363 Shares in Equity LifeStyle Properties, Inc. (NYSE:ELS) Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC bought a new stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 4,363 shares of the real estate investment trust’s stock, valued at approximately $310,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Equity LifeStyle Properties by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 24,909,450 shares of the real estate investment trust’s stock worth $1,586,981,000 after acquiring an additional 472,855 shares during the period. Aristotle Capital Management LLC lifted its stake in shares of Equity LifeStyle Properties by 17.1% during the 3rd quarter. Aristotle Capital Management LLC now owns 11,536,605 shares of the real estate investment trust’s stock valued at $734,997,000 after buying an additional 1,681,198 shares in the last quarter. Chai Trust Co. LLC grew its stake in Equity LifeStyle Properties by 1.1% in the 3rd quarter. Chai Trust Co. LLC now owns 9,055,685 shares of the real estate investment trust’s stock valued at $576,938,000 after buying an additional 102,696 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Equity LifeStyle Properties by 0.8% in the third quarter. Victory Capital Management Inc. now owns 5,770,822 shares of the real estate investment trust’s stock worth $367,659,000 after acquiring an additional 46,943 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Equity LifeStyle Properties by 3.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,333,554 shares of the real estate investment trust’s stock valued at $148,671,000 after acquiring an additional 67,508 shares during the period. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Barclays decreased their target price on Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating on the stock in a research note on Friday, April 26th. Deutsche Bank Aktiengesellschaft initiated coverage on Equity LifeStyle Properties in a research report on Tuesday, January 30th. They issued a “hold” rating and a $64.00 target price for the company. Wolfe Research raised shares of Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a research note on Friday, February 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $70.00 target price on shares of Equity LifeStyle Properties in a report on Wednesday, January 31st. Finally, Truist Financial reduced their price objective on Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating on the stock in a research note on Thursday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $68.85.

Equity LifeStyle Properties Stock Down 0.4 %

Shares of NYSE ELS opened at $62.73 on Thursday. The firm has a fifty day simple moving average of $63.72 and a two-hundred day simple moving average of $66.88. The firm has a market capitalization of $11.70 billion, a PE ratio of 34.28, a price-to-earnings-growth ratio of 3.73 and a beta of 0.70. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.33. Equity LifeStyle Properties, Inc. has a 12 month low of $59.82 and a 12 month high of $74.04.

Equity LifeStyle Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a $0.477 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.91 annualized dividend and a yield of 3.04%. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 104.37%.

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.