Vanguard Personalized Indexing Management LLC Grows Stock Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Vanguard Personalized Indexing Management LLC increased its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 181.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,587 shares of the real estate investment trust’s stock after buying an additional 7,471 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Equity LifeStyle Properties were worth $817,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Equity LifeStyle Properties during the 4th quarter valued at approximately $35,000. Headlands Technologies LLC raised its position in shares of Equity LifeStyle Properties by 143.8% during the 4th quarter. Headlands Technologies LLC now owns 624 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 368 shares during the period. GAMMA Investing LLC purchased a new stake in shares of Equity LifeStyle Properties during the 4th quarter valued at approximately $44,000. Lindbrook Capital LLC raised its position in shares of Equity LifeStyle Properties by 40.5% during the 4th quarter. Lindbrook Capital LLC now owns 631 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 182 shares during the period. Finally, Anchor Investment Management LLC purchased a new stake in shares of Equity LifeStyle Properties during the 4th quarter valued at approximately $47,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Stock Performance

NYSE:ELS opened at $64.64 on Wednesday. The company has a fifty day simple moving average of $63.13 and a two-hundred day simple moving average of $66.74. The company has a market cap of $12.06 billion, a price-to-earnings ratio of 35.32, a price-to-earnings-growth ratio of 3.78 and a beta of 0.70. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.33. Equity LifeStyle Properties, Inc. has a 52 week low of $59.82 and a 52 week high of $74.04.

Equity LifeStyle Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be paid a dividend of $0.477 per share. The ex-dividend date is Friday, June 28th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.95%. Equity LifeStyle Properties’s payout ratio is currently 104.37%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Truist Financial cut their target price on Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating on the stock in a research report on Thursday, May 2nd. Barclays cut their target price on Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating on the stock in a research report on Friday, April 26th. Wolfe Research raised Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a research report on Friday, February 9th. Royal Bank of Canada reissued a “sector perform” rating and issued a $70.00 target price on shares of Equity LifeStyle Properties in a research report on Wednesday, January 31st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Equity LifeStyle Properties in a research report on Tuesday, January 30th. They issued a “hold” rating and a $64.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Equity LifeStyle Properties presently has an average rating of “Hold” and a consensus target price of $68.85.

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.