Xponance Inc. Sells 236 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Xponance Inc. cut its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,436 shares of the real estate investment trust’s stock after selling 236 shares during the period. Xponance Inc.’s holdings in Equity LifeStyle Properties were worth $2,006,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of ELS. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Equity LifeStyle Properties during the fourth quarter valued at approximately $35,000. Anchor Investment Management LLC bought a new stake in shares of Equity LifeStyle Properties during the fourth quarter valued at approximately $47,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of Equity LifeStyle Properties during the third quarter valued at approximately $64,000. Second Half Financial Partners LLC bought a new stake in Equity LifeStyle Properties in the third quarter valued at $66,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in Equity LifeStyle Properties in the fourth quarter valued at $77,000. 97.21% of the stock is currently owned by institutional investors.

Equity LifeStyle Properties Price Performance

Equity LifeStyle Properties stock opened at $62.70 on Tuesday. 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 firm has a market cap of $11.69 billion, a P/E ratio of 37.32, a P/E/G ratio of 3.73 and a beta of 0.69. The business’s fifty day moving average is $64.83 and its two-hundred day moving average is $67.18. Equity LifeStyle Properties, Inc. has a 52 week low of $60.47 and a 52 week high of $74.04.

Equity LifeStyle Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.477 per share. This represents a $1.91 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Wednesday, March 27th. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. Equity LifeStyle Properties’s dividend payout ratio is 113.69%.

Wall Street Analysts Forecast Growth

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