52,400 Shares in Equity LifeStyle Properties, Inc. (NYSE:ELS) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 52,400 shares of the real estate investment trust’s stock, valued at approximately $3,696,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of 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 purchasing an additional 472,855 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Equity LifeStyle Properties by 1.7% in the first quarter. BlackRock Inc. now owns 15,004,695 shares of the real estate investment trust’s stock worth $1,007,265,000 after acquiring an additional 251,778 shares during the last quarter. Aristotle Capital Management LLC lifted its position in shares of Equity LifeStyle Properties by 17.1% in 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 acquiring an additional 1,681,198 shares in the last quarter. Chai Trust Co. LLC boosted 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 valued at $576,938,000 after acquiring an additional 102,696 shares during the last quarter. Finally, State Street Corp increased its position in Equity LifeStyle Properties by 13.0% during the 1st quarter. State Street Corp now owns 8,817,442 shares of the real estate investment trust’s stock worth $677,864,000 after purchasing an additional 1,016,542 shares in the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on ELS shares. Truist Financial decreased their price target 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. Wolfe Research raised 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 note on Friday, February 9th. Royal Bank of Canada reissued 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. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Equity LifeStyle Properties in a report on Tuesday, January 30th. They issued a “hold” rating and a $64.00 price objective on the stock. 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.com, the company currently has a consensus rating of “Hold” and an average price target of $70.15.

Equity LifeStyle Properties Stock Performance

Equity LifeStyle Properties stock opened at $61.03 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.03 and a current ratio of 0.03. Equity LifeStyle Properties, Inc. has a one year low of $60.47 and a one year high of $74.04. The stock’s 50 day moving average price is $65.42 and its 200 day moving average price is $67.23. The firm has a market capitalization of $11.38 billion, a PE ratio of 36.33, a price-to-earnings-growth ratio of 3.63 and a beta of 0.69.

Equity LifeStyle Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were paid a $0.477 dividend. The ex-dividend date was Wednesday, March 27th. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. This represents a $1.91 annualized dividend and a dividend yield of 3.13%. Equity LifeStyle Properties’s dividend payout ratio is 113.69%.

Equity LifeStyle Properties Company 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.