Headlands Technologies LLC Raises Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Headlands Technologies LLC increased its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 143.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 624 shares of the real estate investment trust’s stock after acquiring an additional 368 shares during the quarter. Headlands Technologies LLC’s holdings in Equity LifeStyle Properties were worth $44,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Cornercap Investment Counsel Inc. purchased a new position in Equity LifeStyle Properties in the 4th quarter worth $956,000. Arizona State Retirement System increased its position in shares of Equity LifeStyle Properties by 0.8% in the fourth quarter. Arizona State Retirement System now owns 48,637 shares of the real estate investment trust’s stock valued at $3,431,000 after acquiring an additional 375 shares during the period. State of Michigan Retirement System increased its position in shares of Equity LifeStyle Properties by 0.4% in the fourth quarter. State of Michigan Retirement System now owns 44,700 shares of the real estate investment trust’s stock valued at $3,153,000 after acquiring an additional 200 shares during the period. Duality Advisers LP purchased a new position in shares of Equity LifeStyle Properties in the third quarter valued at about $384,000. Finally, Janney Montgomery Scott LLC increased its position in shares of Equity LifeStyle Properties by 3.4% in the third quarter. Janney Montgomery Scott LLC now owns 163,018 shares of the real estate investment trust’s stock valued at $10,386,000 after acquiring an additional 5,318 shares during the period. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Wall Street Analyst Weigh In

ELS has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Equity LifeStyle Properties in a research report on Tuesday, January 30th. They issued a “hold” rating and a $64.00 price objective on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 price objective on shares of Equity LifeStyle Properties in a research report on Wednesday, January 31st. Truist Financial decreased their price objective on shares of Equity LifeStyle Properties from $73.00 to $72.00 and set a “hold” rating on the stock in a research report on Wednesday, January 24th. Wolfe Research upgraded 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 research report on Friday, February 9th. Finally, Barclays decreased their price objective on shares of 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. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $69.55.

Equity LifeStyle Properties Price Performance

Shares of NYSE ELS opened at $60.95 on Thursday. Equity LifeStyle Properties, Inc. has a 1 year low of $59.82 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 company’s 50-day moving average is $64.05 and its 200 day moving average is $66.99. The stock has a market capitalization of $11.37 billion, a P/E ratio of 33.31, a P/E/G ratio of 3.55 and a beta of 0.70.

Equity LifeStyle Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were issued a $0.477 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. Equity LifeStyle Properties’s dividend payout ratio is 104.37%.

Equity LifeStyle Properties 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.