Equity LifeStyle Properties, Inc. (NYSE:ELS) Position Lowered by Allianz Asset Management GmbH

Allianz Asset Management GmbH reduced its position in Equity LifeStyle Properties, Inc. (NYSE:ELSFree Report) by 33.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 189,677 shares of the real estate investment trust’s stock after selling 94,962 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.10% of Equity LifeStyle Properties worth $13,380,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Retirement Systems of Alabama lifted its position in shares of Equity LifeStyle Properties by 0.4% in the 4th quarter. Retirement Systems of Alabama now owns 233,448 shares of the real estate investment trust’s stock worth $16,467,000 after buying an additional 863 shares during the last quarter. Cornercap Investment Counsel Inc. bought a new position in Equity LifeStyle Properties in the fourth quarter worth about $956,000. Arizona State Retirement System boosted its stake in Equity LifeStyle Properties by 0.8% in the fourth quarter. Arizona State Retirement System now owns 48,637 shares of the real estate investment trust’s stock valued at $3,431,000 after acquiring an additional 375 shares during the period. Farrow Financial Inc. bought a new position in shares of Equity LifeStyle Properties during the fourth quarter valued at approximately $1,467,000. Finally, UBS Group AG raised its position in shares of Equity LifeStyle Properties by 1,029.9% during the 4th quarter. UBS Group AG now owns 243,770 shares of the real estate investment trust’s stock worth $17,196,000 after purchasing an additional 222,196 shares during the period. 97.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ELS has been the subject of a number of analyst reports. 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 research report on Friday, February 9th. Truist Financial reduced their price target on shares of Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating for the company in a report on Thursday, May 2nd. Finally, Barclays dropped their price objective on shares of Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating on the stock in a report on Friday, April 26th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $68.85.

Get Our Latest Analysis on ELS

Equity LifeStyle Properties Price Performance

Shares of ELS opened at $62.77 on Monday. The firm has a market capitalization of $11.71 billion, a price-to-earnings ratio of 34.30, a price-to-earnings-growth ratio of 3.60 and a beta of 0.75. The stock’s fifty day moving average is $62.61 and its 200-day moving average is $66.52. Equity LifeStyle Properties, Inc. has a one year low of $59.82 and a one year high of $74.04. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.03 and a current ratio of 0.03.

Equity LifeStyle Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.477 per share. 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 payout ratio is 104.37%.

Equity LifeStyle Properties 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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