Wells Fargo & Company MN Trims Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Wells Fargo & Company MN decreased its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELSFree Report) by 59.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 94,978 shares of the real estate investment trust’s stock after selling 139,207 shares during the period. Wells Fargo & Company MN owned 0.05% of Equity LifeStyle Properties worth $6,700,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ELS. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Equity LifeStyle Properties during the fourth quarter valued at approximately $35,000. Headlands Technologies LLC increased its position in Equity LifeStyle Properties by 143.8% during the fourth quarter. Headlands Technologies LLC now owns 624 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 368 shares during the last quarter. GAMMA Investing LLC acquired a new position in Equity LifeStyle Properties during the fourth quarter worth approximately $44,000. Lindbrook Capital LLC increased its position in Equity LifeStyle Properties by 40.5% during the fourth quarter. Lindbrook Capital LLC now owns 631 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 182 shares during the last quarter. Finally, Anchor Investment Management LLC acquired a new position in Equity LifeStyle Properties during the fourth quarter worth approximately $47,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Analyst Ratings Changes

ELS has been the subject of several research analyst reports. Wolfe Research raised shares of Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 price target for the company in a research report on Friday, February 9th. Truist Financial dropped 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 research 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 for the company in a research report on Friday, April 26th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $68.85.

View Our Latest Analysis on ELS

Equity LifeStyle Properties Price Performance

Equity LifeStyle Properties stock opened at $63.81 on Friday. The firm has a fifty day moving average of $62.58 and a 200-day moving average of $66.38. The firm has a market capitalization of $11.90 billion, a P/E ratio of 34.87, a PEG ratio of 3.66 and a beta of 0.75. Equity LifeStyle Properties, Inc. has a 52-week low of $59.82 and a 52-week high of $74.04. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.33.

Equity LifeStyle Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a dividend of $0.477 per share. This represents a $1.91 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Friday, June 28th. Equity LifeStyle Properties’s payout ratio is 104.37%.

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.

See Also

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

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