Public Employees Retirement Association of Colorado Decreases Stake in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Public Employees Retirement Association of Colorado trimmed its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELSFree Report) by 66.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 19,933 shares of the real estate investment trust’s stock after selling 38,949 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Equity LifeStyle Properties were worth $1,406,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ELS. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Equity LifeStyle Properties during the 4th quarter worth approximately $35,000. Headlands Technologies LLC increased its holdings in Equity LifeStyle Properties by 143.8% in the fourth 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 last quarter. GAMMA Investing LLC acquired a new stake in Equity LifeStyle Properties in the fourth quarter valued at $44,000. Lindbrook Capital LLC lifted its holdings in 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 worth $45,000 after buying an additional 182 shares during the last quarter. Finally, Anchor Investment Management LLC acquired a new position in shares of Equity LifeStyle Properties during the 4th quarter worth about $47,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity LifeStyle Properties Stock Performance

Shares of ELS opened at $61.68 on Tuesday. The company’s 50 day simple moving average is $62.50 and its 200-day simple moving average is $66.22. The firm 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. Equity LifeStyle Properties, Inc. has a 12-month low of $59.82 and a 12-month high of $74.04. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.33.

Equity LifeStyle Properties Dividend Announcement

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

Analyst Ratings Changes

ELS has been the topic of several research analyst reports. 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. Truist Financial reduced their price objective on shares of Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating for the company in a research report on Thursday, May 2nd. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $68.85.

Check Out Our Latest Stock Analysis on ELS

About Equity LifeStyle Properties

(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.

Further Reading

Want to see what other hedge funds are holding ELS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity LifeStyle Properties, Inc. (NYSE:ELSFree Report).

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

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