Exchange Traded Concepts LLC Sells 300 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Exchange Traded Concepts LLC lowered its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELSFree Report) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,637 shares of the real estate investment trust’s stock after selling 300 shares during the period. Exchange Traded Concepts LLC’s holdings in Equity LifeStyle Properties were worth $609,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Anchor Investment Management LLC bought a new position in shares of Equity LifeStyle Properties during the fourth quarter worth approximately $47,000. Public Employees Retirement System of Ohio increased its stake in shares of Equity LifeStyle Properties by 8.4% during the third quarter. Public Employees Retirement System of Ohio now owns 342,437 shares of the real estate investment trust’s stock worth $21,817,000 after purchasing an additional 26,644 shares during the period. Vanguard Group Inc. increased its stake in shares of Equity LifeStyle Properties by 1.9% during the third quarter. Vanguard Group Inc. now owns 24,909,450 shares of the real estate investment trust’s stock worth $1,586,981,000 after purchasing an additional 472,855 shares during the period. Teachers Retirement System of The State of Kentucky bought a new position in shares of Equity LifeStyle Properties during the third quarter worth approximately $3,834,000. Finally, Chai Trust Co. LLC increased its stake in shares of Equity LifeStyle Properties by 1.1% during the third quarter. Chai Trust Co. LLC now owns 9,055,685 shares of the real estate investment trust’s stock worth $576,938,000 after purchasing an additional 102,696 shares during the period. Institutional investors own 98.55% of the company’s stock.

Equity LifeStyle Properties Trading Up 0.4 %

Shares of ELS opened at $65.30 on Wednesday. Equity LifeStyle Properties, Inc. has a 52-week low of $60.47 and a 52-week high of $74.04. The business’s fifty day moving average is $67.13 and its 200-day moving average is $67.56. 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 $12.18 billion, a price-to-earnings ratio of 38.87, a PEG ratio of 3.89 and a beta of 0.70.

Equity LifeStyle Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Thursday, March 28th will be paid a $0.477 dividend. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.91 annualized dividend and a dividend yield of 2.92%. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 106.55%.

Analyst Upgrades and Downgrades

ELS has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Equity LifeStyle Properties in a research note on Tuesday, January 30th. They set a “hold” rating and a $64.00 price objective on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $70.00 price objective on shares of Equity LifeStyle Properties in a research note on Wednesday, January 31st. Truist Financial lowered their price objective on 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. Finally, Wolfe Research upgraded 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 note on Friday, February 9th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $70.15.

Check Out Our Latest Research Report on ELS

Equity LifeStyle Properties Company Profile

(Free Report)

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.

See Also

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

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