Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELSFree Report) by 415.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,862 shares of the real estate investment trust’s stock after acquiring an additional 40,996 shares during the period. Tower Research Capital LLC TRC’s holdings in Equity LifeStyle Properties were worth $3,588,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ELS. Norges Bank acquired a new position in Equity LifeStyle Properties during the 4th quarter worth approximately $455,623,000. Aristotle Capital Management LLC grew its holdings in 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 worth $734,997,000 after acquiring an additional 1,681,198 shares in the last quarter. Boston Partners lifted its position in shares of Equity LifeStyle Properties by 122.4% during the 4th quarter. Boston Partners now owns 2,728,675 shares of the real estate investment trust’s stock worth $192,469,000 after buying an additional 1,501,692 shares during the last quarter. Northern Trust Corp lifted its position in shares of Equity LifeStyle Properties by 43.4% during the 3rd quarter. Northern Trust Corp now owns 1,926,497 shares of the real estate investment trust’s stock worth $122,737,000 after buying an additional 583,317 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position 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 buying an additional 472,855 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Truist Financial reduced their price objective 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. Barclays reduced 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. Finally, Wolfe Research upgraded shares of 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. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Equity LifeStyle Properties has a consensus rating of “Hold” and a consensus target price of $68.85.

Read Our Latest Report on Equity LifeStyle Properties

Equity LifeStyle Properties Stock Down 2.4 %

ELS stock opened at $62.27 on Friday. The company has a fifty day moving average price of $62.54 and a 200 day moving average price of $66.32. Equity LifeStyle Properties, Inc. has a 12 month low of $59.82 and a 12 month high of $74.04. The company has a market cap of $11.61 billion, a price-to-earnings ratio of 34.03, a price-to-earnings-growth ratio of 3.66 and a beta of 0.75. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.03 and a quick ratio of 0.03.

Equity LifeStyle Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a $0.477 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.91 annualized dividend and a yield of 3.06%. Equity LifeStyle Properties’s dividend payout ratio (DPR) 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.

Further Reading

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

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