CIBC Asset Management Inc Has $401,000 Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

CIBC Asset Management Inc cut its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELSFree Report) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,684 shares of the real estate investment trust’s stock after selling 511 shares during the period. CIBC Asset Management Inc’s holdings in Equity LifeStyle Properties were worth $401,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ELS. Norges Bank bought a new position in Equity LifeStyle Properties during the fourth quarter worth about $455,623,000. Aristotle Capital Management LLC lifted its holdings in Equity LifeStyle Properties by 17.1% during the third quarter. Aristotle Capital Management LLC now owns 11,536,605 shares of the real estate investment trust’s stock worth $734,997,000 after acquiring an additional 1,681,198 shares in the last quarter. Boston Partners lifted its holdings in Equity LifeStyle Properties by 122.4% during the fourth quarter. Boston Partners now owns 2,728,675 shares of the real estate investment trust’s stock worth $192,469,000 after acquiring an additional 1,501,692 shares in the last quarter. Northern Trust Corp lifted its holdings in Equity LifeStyle Properties by 43.4% during the third quarter. Northern Trust Corp now owns 1,926,497 shares of the real estate investment trust’s stock worth $122,737,000 after acquiring an additional 583,317 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in 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 acquiring an additional 472,855 shares in the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ELS has been the topic of several recent analyst reports. Truist Financial reduced their target price on Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating on the stock in a report on Thursday, May 2nd. Barclays cut their price target on Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating on the stock in a report on Friday, April 26th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Equity LifeStyle Properties has a consensus rating of “Hold” and an average price target of $68.85.

Read Our Latest Report on Equity LifeStyle Properties

Equity LifeStyle Properties Stock Performance

ELS opened at $61.68 on Tuesday. Equity LifeStyle Properties, Inc. has a 52-week low of $59.82 and a 52-week high of $74.04. The firm has a market capitalization of $11.50 billion, a PE ratio of 33.70, a PEG ratio of 3.57 and a beta of 0.75. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.03 and a current ratio of 0.03. The business’s 50-day simple moving average is $62.50 and its 200 day simple moving average is $66.22.

Equity LifeStyle Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a dividend of $0.477 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.91 annualized dividend and a yield of 3.09%. Equity LifeStyle Properties’s payout ratio is presently 104.37%.

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.

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

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