Livforsakringsbolaget Skandia Omsesidigt Acquires Shares of 500 Equity LifeStyle Properties, Inc. (NYSE:ELS)

Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 500 shares of the real estate investment trust’s stock, valued at approximately $35,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ELS. Eagle Bay Advisors LLC bought a new position in Equity LifeStyle Properties in the second quarter valued at approximately $30,000. Anchor Investment Management LLC bought a new position in Equity LifeStyle Properties in the fourth quarter valued at approximately $47,000. Brown Brothers Harriman & Co. bought a new position in Equity LifeStyle Properties in the first quarter valued at approximately $59,000. Kelly Lawrence W & Associates Inc. CA bought a new position in Equity LifeStyle Properties in the third quarter valued at approximately $64,000. Finally, Second Half Financial Partners LLC acquired a new stake in Equity LifeStyle Properties in the third quarter worth $66,000. 97.21% of the stock is owned by institutional investors.

Equity LifeStyle Properties Trading Up 0.6 %

Shares of NYSE:ELS opened at $62.73 on Friday. Equity LifeStyle Properties, Inc. has a 12 month low of $60.47 and a 12 month high of $74.04. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.35. The company’s fifty day simple moving average is $64.93 and its 200 day simple moving average is $67.16. The firm has a market cap of $11.70 billion, a price-to-earnings ratio of 37.34, a PEG ratio of 3.73 and a beta of 0.69.

Equity LifeStyle Properties Increases Dividend

The business also recently disclosed 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%. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, March 27th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 113.69%.

Wall Street Analysts Forecast Growth

ELS has been the topic of several analyst reports. Truist Financial cut their target price on shares of Equity LifeStyle Properties from $73.00 to $72.00 and set a “hold” rating on the stock in a report on Wednesday, January 24th. Wolfe Research upgraded shares of Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a report on Friday, February 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $70.00 target price on shares of Equity LifeStyle Properties in a report on Wednesday, January 31st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Equity LifeStyle Properties in a report on Tuesday, January 30th. They issued a “hold” rating and a $64.00 target price on the stock. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.