Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. decreased its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELSFree Report) by 13.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,324,406 shares of the real estate investment trust’s stock after selling 199,339 shares during the period. Goldman Sachs Group Inc. owned 0.71% of Equity LifeStyle Properties worth $93,424,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Tiemann Investment Advisors LLC increased its position in Equity LifeStyle Properties by 1.4% during the third quarter. Tiemann Investment Advisors LLC now owns 11,211 shares of the real estate investment trust’s stock worth $714,000 after buying an additional 155 shares during the period. Donoghue Forlines LLC grew its stake in shares of Equity LifeStyle Properties by 2.3% in the 4th quarter. Donoghue Forlines LLC now owns 7,195 shares of the real estate investment trust’s stock valued at $508,000 after purchasing an additional 160 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Equity LifeStyle Properties by 4.7% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,920 shares of the real estate investment trust’s stock valued at $277,000 after purchasing an additional 177 shares during the last quarter. Lindbrook Capital LLC grew its stake in shares of Equity LifeStyle Properties by 40.5% in the 4th quarter. Lindbrook Capital LLC now owns 631 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 182 shares during the last quarter. Finally, State of Michigan Retirement System grew its stake in shares of Equity LifeStyle Properties by 0.4% in the 4th quarter. State of Michigan Retirement System now owns 44,700 shares of the real estate investment trust’s stock valued at $3,153,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Barclays lowered their target price on Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating on the stock in a research note on Friday, April 26th. Truist Financial lowered their target price on Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating on the stock in a research note on Thursday, May 2nd. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Equity LifeStyle Properties presently has a consensus rating of “Hold” and a consensus price target of $68.85.

Read Our Latest Stock Report on ELS

Equity LifeStyle Properties Stock Down 1.0 %

Equity LifeStyle Properties stock opened at $61.68 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.03 and a quick ratio of 0.03. Equity LifeStyle Properties, Inc. has a 1-year low of $59.82 and a 1-year high of $74.04. The company has a market cap of $11.50 billion, a PE ratio of 33.70, a price-to-earnings-growth ratio of 3.57 and a beta of 0.75. The stock’s 50 day moving average price is $62.50 and its 200 day moving average price is $66.22.

Equity LifeStyle Properties Dividend Announcement

The company also recently disclosed 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 is Friday, June 28th. This represents a $1.91 annualized dividend and a yield of 3.09%. Equity LifeStyle Properties’s dividend payout ratio is presently 104.37%.

Equity LifeStyle Properties 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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