Raymond James & Associates Increases Stake in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Raymond James & Associates boosted its stake in Equity LifeStyle Properties, Inc. (NYSE:ELSGet Rating) by 13.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,488 shares of the real estate investment trust’s stock after purchasing an additional 4,066 shares during the period. Raymond James & Associates’ holdings in Equity LifeStyle Properties were worth $2,104,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Private Trust Co. NA purchased a new position in Equity LifeStyle Properties in the 2nd quarter worth approximately $25,000. SeaCrest Wealth Management LLC bought a new stake in Equity LifeStyle Properties during the second quarter valued at about $27,000. Better Money Decisions LLC bought a new stake in Equity LifeStyle Properties during the second quarter valued at about $27,000. Eagle Bay Advisors LLC bought a new position in shares of Equity LifeStyle Properties in the second quarter worth about $30,000. Finally, First Horizon Advisors Inc. boosted its stake in shares of Equity LifeStyle Properties by 70.1% in the second quarter. First Horizon Advisors Inc. now owns 546 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 225 shares during the period. 90.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ELS shares. Evercore ISI dropped their price target on Equity LifeStyle Properties from $71.00 to $70.00 in a research note on Tuesday, September 27th. Royal Bank of Canada reduced their price target on Equity LifeStyle Properties from $71.00 to $68.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 19th. Robert W. Baird reduced their price target on Equity LifeStyle Properties from $76.00 to $68.00 in a report on Tuesday, October 25th. Barclays dropped their price objective on Equity LifeStyle Properties from $92.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, October 7th. Finally, StockNews.com raised Equity LifeStyle Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, January 10th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $74.43.

Equity LifeStyle Properties Trading Up 1.3 %

Shares of Equity LifeStyle Properties stock opened at $68.02 on Monday. The stock has a market cap of $12.66 billion, a P/E ratio of 45.35, a P/E/G ratio of 4.65 and a beta of 0.62. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.03 and a quick ratio of 0.03. The stock’s 50 day simple moving average is $65.27 and its 200-day simple moving average is $67.40. Equity LifeStyle Properties, Inc. has a 1-year low of $56.91 and a 1-year high of $83.80.

Equity LifeStyle Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Thursday, December 29th. Equity LifeStyle Properties’s payout ratio is presently 109.33%.

Equity LifeStyle Properties Company Profile

(Get Rating)

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 25, 2021, we own or have an interest in 423 quality properties in 33 states and British Columbia consisting of 161,229 sites.

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Institutional Ownership by Quarter for Equity LifeStyle Properties (NYSE:ELS)

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