Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd grew its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 2.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 32,613 shares of the real estate investment trust’s stock after acquiring an additional 807 shares during the quarter. IFM Investors Pty Ltd’s holdings in Equity LifeStyle Properties were worth $2,100,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mather Group LLC. bought a new stake in shares of Equity LifeStyle Properties during the first quarter valued at about $25,000. Rise Advisors LLC bought a new stake in shares of Equity LifeStyle Properties during the 1st quarter worth about $27,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Equity LifeStyle Properties in the 4th quarter worth approximately $35,000. Headlands Technologies LLC boosted its holdings in shares of 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 acquiring an additional 368 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of Equity LifeStyle Properties during the fourth quarter valued at approximately $44,000. Institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Trading Down 0.4 %

Shares of ELS traded down $0.22 during midday trading on Friday, hitting $60.53. The stock had a trading volume of 1,117,333 shares, compared to its average volume of 1,401,162. The business has a 50-day simple moving average of $64.41 and a two-hundred day simple moving average of $67.06. The firm has a market cap of $11.29 billion, a P/E ratio of 33.07, a price-to-earnings-growth ratio of 4.00 and a beta of 0.69. 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, Inc. has a fifty-two week low of $60.47 and a fifty-two week high of $74.04.

Equity LifeStyle Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were paid a $0.477 dividend. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, March 27th. This represents a $1.91 dividend on an annualized basis and a yield of 3.15%. Equity LifeStyle Properties’s dividend payout ratio (DPR) is currently 104.37%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ELS shares. Deutsche Bank Aktiengesellschaft began coverage on Equity LifeStyle Properties in a research report on Tuesday, January 30th. They issued a “hold” rating and a $64.00 target price for the company. Wolfe Research upgraded Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 price objective for the company in a report on Friday, February 9th. Barclays dropped their price target on shares of Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating on the stock in a research report on Friday. Truist Financial reduced their price objective on shares of Equity LifeStyle Properties from $73.00 to $72.00 and set a “hold” rating for the company in a research report on Wednesday, January 24th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $70.00 price objective on shares of Equity LifeStyle Properties in a research note on Wednesday, January 31st. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Equity LifeStyle Properties has a consensus rating of “Hold” and a consensus target price of $69.55.

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.