Desjardins Global Asset Management Inc. Purchases 484 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Desjardins Global Asset Management Inc. boosted its position in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 42.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,620 shares of the real estate investment trust’s stock after acquiring an additional 484 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Equity LifeStyle Properties were worth $114,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Eagle Bay Advisors LLC bought a new position in Equity LifeStyle Properties in the second quarter valued at $30,000. Anchor Investment Management LLC bought a new position in Equity LifeStyle Properties in the fourth quarter valued at $47,000. Brown Brothers Harriman & Co. bought a new position in Equity LifeStyle Properties in the first quarter valued at $59,000. Kelly Lawrence W & Associates Inc. CA bought a new position in Equity LifeStyle Properties in the third quarter valued at $64,000. Finally, Second Half Financial Partners LLC bought a new position in Equity LifeStyle Properties in the third quarter valued at $66,000. Institutional investors own 97.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ELS shares. Deutsche Bank Aktiengesellschaft started 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. Wolfe Research raised 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. Truist Financial reduced 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, Royal Bank of Canada reaffirmed 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. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Equity LifeStyle Properties currently has a consensus rating of “Hold” and an average price target of $70.15.

Equity LifeStyle Properties Trading Up 0.7 %

ELS opened at $62.74 on Friday. Equity LifeStyle Properties, Inc. has a one year low of $60.47 and a one year high of $74.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.03 and a quick ratio of 0.03. The business has a 50 day simple moving average of $64.93 and a two-hundred day simple moving average of $67.12. The firm has a market capitalization of $11.70 billion, a price-to-earnings ratio of 37.35, a PEG ratio of 3.71 and a beta of 0.69.

Equity LifeStyle Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were issued a dividend of $0.477 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Wednesday, March 27th. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. Equity LifeStyle Properties’s dividend payout ratio is currently 113.69%.

About Equity LifeStyle Properties

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.