Public Employees Retirement Association of Colorado Decreases Stock Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Public Employees Retirement Association of Colorado trimmed its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELSFree Report) by 66.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,933 shares of the real estate investment trust’s stock after selling 38,949 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Equity LifeStyle Properties were worth $1,406,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Van ECK Associates Corp boosted its stake in shares of Equity LifeStyle Properties by 1.3% during the 3rd quarter. Van ECK Associates Corp now owns 62,583 shares of the real estate investment trust’s stock worth $3,987,000 after purchasing an additional 804 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of Equity LifeStyle Properties by 30.6% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 4,116 shares of the real estate investment trust’s stock valued at $262,000 after buying an additional 964 shares during the period. Pathstone Family Office LLC bought a new position in shares of Equity LifeStyle Properties during the third quarter valued at approximately $474,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Equity LifeStyle Properties by 1.2% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 344,440 shares of the real estate investment trust’s stock worth $21,944,000 after buying an additional 4,223 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Equity LifeStyle Properties during the 3rd quarter worth approximately $2,403,000. Institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Trading Down 1.0 %

Shares of NYSE ELS 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 firm has a market cap of $11.50 billion, a PE ratio of 33.70, a price-to-earnings-growth ratio of 3.57 and a beta of 0.75. The business has a fifty day simple moving average of $62.50 and a two-hundred day simple moving average of $66.22. 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors 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 3.09%. The ex-dividend date is Friday, June 28th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 104.37%.

Analyst Ratings Changes

Several brokerages have commented on ELS. Barclays cut their price objective on Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating on the stock in a research report on Friday, April 26th. Truist Financial cut their price target on shares of Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating on the stock in a report on Thursday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $68.85.

View Our Latest Report on Equity LifeStyle Properties

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

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

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