Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp boosted its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELSFree Report) by 1.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,583 shares of the real estate investment trust’s stock after buying an additional 804 shares during the quarter. Van ECK Associates Corp’s holdings in Equity LifeStyle Properties were worth $3,987,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Eagle Bay Advisors LLC acquired a new position in Equity LifeStyle Properties during the second quarter worth $30,000. Brown Brothers Harriman & Co. acquired a new position in Equity LifeStyle Properties during the first quarter worth $59,000. Second Half Financial Partners LLC acquired a new position in Equity LifeStyle Properties during the third quarter worth $66,000. Huntington National Bank increased its position in Equity LifeStyle Properties by 73.4% during the second quarter. Huntington National Bank now owns 1,370 shares of the real estate investment trust’s stock worth $92,000 after buying an additional 580 shares during the last quarter. Finally, Arlington Partners LLC increased its position in Equity LifeStyle Properties by 36.5% during the third quarter. Arlington Partners LLC now owns 1,454 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 389 shares during the last quarter. 98.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ELS. Wolfe Research upgraded shares of Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 price target for the company in a report on Friday. Royal Bank of Canada restated a “sector perform” rating and set a $70.00 price target on shares of Equity LifeStyle Properties in a report on Wednesday, January 31st. Truist Financial decreased their price target on shares of Equity LifeStyle Properties from $73.00 to $72.00 and set a “hold” rating for the company in a report on Wednesday, January 24th. Bank of America cut shares of Equity LifeStyle Properties from a “buy” rating to a “neutral” rating and decreased their price target for the company from $70.00 to $64.00 in a report on Monday, October 23rd. Finally, StockNews.com upgraded shares of Equity LifeStyle Properties from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $70.15.

View Our Latest Stock Analysis on ELS

Equity LifeStyle Properties Stock Up 0.9 %

NYSE ELS opened at $67.43 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.03 and a current ratio of 0.03. The firm has a 50-day simple moving average of $69.54 and a 200 day simple moving average of $67.89. Equity LifeStyle Properties, Inc. has a twelve month low of $60.47 and a twelve month high of $74.04. The stock has a market cap of $12.57 billion, a PE ratio of 40.14, a PEG ratio of 3.94 and a beta of 0.71.

Equity LifeStyle Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.477 per share. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, March 27th. This represents a $1.91 dividend on an annualized basis and a yield of 2.83%. Equity LifeStyle Properties’s dividend payout ratio (DPR) is currently 106.55%.

Equity LifeStyle Properties Profile

(Free Report)

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of October 16, 2023, we own or have an interest in 450 properties in 35 states and British Columbia consisting of 171,707 sites.

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

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