Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lessened its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 654,819 shares of the real estate investment trust’s stock after selling 13,556 shares during the period. California Public Employees Retirement System owned approximately 0.35% of Equity LifeStyle Properties worth $46,191,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Equity LifeStyle Properties in the fourth quarter valued at about $35,000. Lindbrook Capital LLC raised its position in shares of Equity LifeStyle Properties by 40.5% in the 4th quarter. Lindbrook Capital LLC now owns 631 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 182 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in Equity LifeStyle Properties in the 4th quarter worth approximately $47,000. Kelly Lawrence W & Associates Inc. CA purchased a new stake in Equity LifeStyle Properties during the 3rd quarter worth approximately $64,000. Finally, Second Half Financial Partners LLC acquired a new position in Equity LifeStyle Properties during the 3rd quarter valued at approximately $66,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity LifeStyle Properties Price Performance

ELS stock opened at $60.52 on Friday. Equity LifeStyle Properties, Inc. has a 1 year low of $60.47 and a 1 year high of $74.04. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.03 and a quick ratio of 0.03. The firm has a market capitalization of $11.29 billion, a PE ratio of 33.07, a price-to-earnings-growth ratio of 4.00 and a beta of 0.69. The business has a 50 day simple moving average of $64.53 and a 200-day simple moving average of $67.08.

Equity LifeStyle Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were paid a $0.477 dividend. The ex-dividend date was Wednesday, March 27th. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.15%. Equity LifeStyle Properties’s dividend payout ratio (DPR) is 104.37%.

Analysts Set New Price Targets

Several research firms have recently commented on ELS. Royal Bank of Canada reiterated a “sector perform” rating and set a $70.00 price objective on shares of Equity LifeStyle Properties in a research note on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft assumed coverage on Equity LifeStyle Properties in a research note on Tuesday, January 30th. They set a “hold” rating and a $64.00 price target on the stock. Barclays reduced their price objective on Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating for the company in a research note on Friday. Truist Financial cut their price target on shares of Equity LifeStyle Properties from $73.00 to $72.00 and set a “hold” rating on the stock in a report on Wednesday, January 24th. 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 note on Friday, February 9th. Seven research 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, Equity LifeStyle Properties presently has a consensus rating of “Hold” and an average price target of $69.55.

About Equity LifeStyle Properties

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.