Second Half Financial Partners LLC Has $2.97 Million Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Second Half Financial Partners LLC decreased its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELSFree Report) by 0.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 42,037 shares of the real estate investment trust’s stock after selling 251 shares during the period. Equity LifeStyle Properties accounts for about 1.5% of Second Half Financial Partners LLC’s holdings, making the stock its 20th largest position. Second Half Financial Partners LLC’s holdings in Equity LifeStyle Properties were worth $2,965,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Equity LifeStyle Properties during the fourth quarter valued at approximately $35,000. Headlands Technologies LLC grew its stake in Equity LifeStyle Properties by 143.8% in 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 last quarter. GAMMA Investing LLC bought a new position in Equity LifeStyle Properties in the 4th quarter worth $44,000. Lindbrook Capital LLC lifted its position 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 acquiring an additional 182 shares during the last quarter. Finally, Anchor Investment Management LLC bought a new stake in Equity LifeStyle Properties during the fourth quarter valued at about $47,000. 97.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ELS shares. Wolfe Research upgraded Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 price objective on the stock in a research note on Friday, February 9th. Deutsche Bank Aktiengesellschaft started coverage on Equity LifeStyle Properties in a report on Tuesday, January 30th. They set a “hold” rating and a $64.00 price target for the company. Royal Bank of Canada restated 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. Barclays cut their target price on shares of Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating for the company in a research note on Friday, April 26th. Finally, Truist Financial decreased their price target on shares of 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. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $68.85.

Check Out Our Latest Research Report on ELS

Equity LifeStyle Properties Price Performance

Shares of NYSE:ELS traded up $1.05 during midday trading on Wednesday, reaching $63.34. 2,471,710 shares of the company’s stock were exchanged, compared to its average volume of 1,262,630. 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 company’s 50 day simple moving average is $63.31 and its two-hundred day simple moving average is $66.80. Equity LifeStyle Properties, Inc. has a 12 month low of $59.82 and a 12 month high of $74.04. The firm has a market capitalization of $11.81 billion, a PE ratio of 34.61, a price-to-earnings-growth ratio of 3.67 and a beta of 0.70.

Equity LifeStyle Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.477 per share. This represents a $1.91 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date is Friday, June 28th. Equity LifeStyle Properties’s dividend payout ratio is 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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