Lindbrook Capital LLC Has $45,000 Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Lindbrook Capital LLC increased its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 40.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 631 shares of the real estate investment trust’s stock after purchasing an additional 182 shares during the quarter. Lindbrook Capital LLC’s holdings in Equity LifeStyle Properties were worth $45,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Equity LifeStyle Properties by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 24,909,450 shares of the real estate investment trust’s stock worth $1,586,981,000 after buying an additional 472,855 shares in the last quarter. Aristotle Capital Management LLC boosted its position in 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 valued at $734,997,000 after purchasing an additional 1,681,198 shares during the last quarter. Chai Trust Co. LLC grew its stake in Equity LifeStyle Properties by 1.1% in 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 purchasing an additional 102,696 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Equity LifeStyle Properties by 0.8% during the 3rd quarter. Victory Capital Management Inc. now owns 5,770,822 shares of the real estate investment trust’s stock worth $367,659,000 after purchasing an additional 46,943 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Equity LifeStyle Properties by 3.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,333,554 shares of the real estate investment trust’s stock worth $148,671,000 after purchasing an additional 67,508 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Price Performance

ELS stock opened at $60.75 on Friday. The company’s 50-day moving average price is $64.64 and its two-hundred day moving average price is $67.12. The firm has a market cap of $11.33 billion, a P/E ratio of 33.20, a P/E/G ratio of 4.04 and a beta of 0.69. 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, Inc. has a 12 month low of $60.47 and a 12 month high of $74.04.

Equity LifeStyle Properties Increases Dividend

The firm 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 of this dividend was Wednesday, March 27th. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. This represents a $1.91 annualized dividend and a yield of 3.14%. Equity LifeStyle Properties’s dividend payout ratio is presently 104.37%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wolfe Research raised shares of Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 target price for the company in a research note on Friday, February 9th. Truist Financial lowered 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 note on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft started coverage on shares of Equity LifeStyle Properties in a research note on Tuesday, January 30th. They issued a “hold” rating and a $64.00 target price for the company. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $70.00 price target on shares of Equity LifeStyle Properties in a research report on Wednesday, January 31st. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Equity LifeStyle Properties has an average rating of “Hold” and a consensus target price of $70.15.

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.