Crossmark Global Holdings Inc. Purchases 1,309 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Crossmark Global Holdings Inc. increased its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELSFree Report) by 10.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,757 shares of the real estate investment trust’s stock after purchasing an additional 1,309 shares during the period. Crossmark Global Holdings Inc.’s holdings in Equity LifeStyle Properties were worth $971,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Equity LifeStyle Properties by 1.9% in the third 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 boosted its position in shares of Equity LifeStyle Properties by 17.1% during the third 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 during the last quarter. Chai Trust Co. LLC grew its stake in Equity LifeStyle Properties by 1.1% during the third 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 acquiring an additional 102,696 shares in the last quarter. Norges Bank bought a new stake in Equity LifeStyle Properties in the 4th quarter valued at $455,623,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in Equity LifeStyle Properties by 17.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,743,596 shares of the real estate investment trust’s stock worth $193,533,000 after purchasing an additional 410,042 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ELS. Barclays cut their price target on Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating for the company in a report on Friday, April 26th. Truist Financial cut 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $68.85.

Get Our Latest Stock Analysis on Equity LifeStyle Properties

Equity LifeStyle Properties Trading Down 1.0 %

ELS stock opened at $61.68 on Tuesday. Equity LifeStyle Properties, Inc. has a twelve month low of $59.82 and a twelve month high of $74.04. The stock has a market capitalization of $11.50 billion, a price-to-earnings ratio of 33.70, a price-to-earnings-growth ratio of 3.57 and a beta of 0.75. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.33. The firm’s fifty day simple moving average is $62.50 and its two-hundred day simple moving average is $66.22.

Equity LifeStyle Properties Dividend Announcement

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. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.91 annualized dividend and a yield of 3.09%. Equity LifeStyle Properties’s payout ratio is 104.37%.

About Equity LifeStyle Properties

(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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