Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lessened its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,644 shares of the real estate investment trust’s stock after selling 2,654 shares during the period. Daiwa Securities Group Inc.’s holdings in Equity LifeStyle Properties were worth $4,983,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Eagle Bay Advisors LLC purchased a new stake in Equity LifeStyle Properties in the second quarter valued at about $30,000. Anchor Investment Management LLC purchased a new position in shares of Equity LifeStyle Properties in the 4th quarter valued at approximately $47,000. Brown Brothers Harriman & Co. acquired a new stake in Equity LifeStyle Properties in the 1st quarter worth approximately $59,000. 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. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Equity LifeStyle Properties Stock Up 0.7 %

ELS opened at $62.74 on Friday. The company has a fifty day moving average of $64.93 and a two-hundred day moving average of $67.12. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.03 and a current ratio of 0.03. The stock has a market capitalization of $11.70 billion, a price-to-earnings ratio of 37.35, a PEG ratio of 3.71 and a beta of 0.69. Equity LifeStyle Properties, Inc. has a fifty-two week low of $60.47 and a fifty-two week high of $74.04.

Equity LifeStyle Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.477 per share. 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 yield of 3.04%. Equity LifeStyle Properties’s payout ratio is 113.69%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ELS shares. Truist Financial lowered their price objective on shares of Equity LifeStyle Properties from $73.00 to $72.00 and set a “hold” rating for the company in a research note on Wednesday, January 24th. 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. Deutsche Bank Aktiengesellschaft started coverage on shares of Equity LifeStyle Properties in a report on Tuesday, January 30th. They set a “hold” rating and a $64.00 target price for the company. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $70.00 price target on shares of Equity LifeStyle Properties in a report on Wednesday, January 31st. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Equity LifeStyle Properties presently has a consensus rating of “Hold” and a consensus price target of $70.15.

Equity LifeStyle Properties Company Profile

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.