Bank of Nova Scotia Purchases 2,444 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Bank of Nova Scotia boosted its position in Equity LifeStyle Properties, Inc. (NYSE:ELSFree Report) by 20.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,152 shares of the real estate investment trust’s stock after acquiring an additional 2,444 shares during the period. Bank of Nova Scotia’s holdings in Equity LifeStyle Properties were worth $998,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its stake in Equity LifeStyle Properties by 3.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 163,018 shares of the real estate investment trust’s stock valued at $10,386,000 after purchasing an additional 5,318 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Equity LifeStyle Properties by 7.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,232,575 shares of the real estate investment trust’s stock worth $142,237,000 after acquiring an additional 150,628 shares during the last quarter. Van ECK Associates Corp lifted its position in Equity LifeStyle Properties by 1.3% in the 3rd quarter. Van ECK Associates Corp now owns 62,583 shares of the real estate investment trust’s stock valued at $3,987,000 after acquiring an additional 804 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Equity LifeStyle Properties by 30.6% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,116 shares of the real estate investment trust’s stock valued at $262,000 after purchasing an additional 964 shares during the last quarter. Finally, Pathstone Family Office LLC acquired a new position in Equity LifeStyle Properties during the 3rd quarter valued at about $474,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity LifeStyle Properties Price Performance

Shares of NYSE:ELS opened at $62.27 on Friday. The company has a market capitalization of $11.61 billion, a P/E ratio of 34.03, a price-to-earnings-growth ratio of 3.66 and a beta of 0.75. The company’s 50-day moving average is $62.54 and its 200 day moving average is $66.32. 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, Inc. has a fifty-two week low of $59.82 and a fifty-two week high of $74.04.

Equity LifeStyle Properties Dividend Announcement

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 $0.477 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Friday, June 28th. Equity LifeStyle Properties’s payout ratio is 104.37%.

Analyst Upgrades and Downgrades

ELS has been the topic of a number of recent research reports. Barclays dropped their target price on Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating on the stock in a report on Friday, April 26th. Wolfe Research raised shares of Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 price objective on the stock in a report on Friday, February 9th. Finally, Truist Financial lowered their target price 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. 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 stock has a consensus rating of “Hold” and a consensus price target of $68.85.

Check Out Our Latest Research Report on ELS

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.

See Also

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

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