Federated Hermes Inc. Sells 3,470 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Federated Hermes Inc. decreased its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 13.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,456 shares of the real estate investment trust’s stock after selling 3,470 shares during the period. Federated Hermes Inc.’s holdings in Equity LifeStyle Properties were worth $1,514,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ELS. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Equity LifeStyle Properties during the fourth quarter worth about $35,000. Anchor Investment Management LLC bought a new stake in Equity LifeStyle Properties during the 4th quarter worth approximately $47,000. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of Equity LifeStyle Properties in the third quarter worth approximately $64,000. Second Half Financial Partners LLC bought a new position in shares of Equity LifeStyle Properties in the third quarter valued at approximately $66,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new position in shares of Equity LifeStyle Properties during the fourth quarter valued at approximately $77,000. 97.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $70.00 price target on shares of Equity LifeStyle Properties in a research report on Wednesday, January 31st. Barclays cut 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 report on Friday. Truist Financial decreased 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 note on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Equity LifeStyle Properties in a research report on Tuesday, January 30th. They set a “hold” rating and a $64.00 target price on the stock. Finally, Wolfe Research raised Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 target price for the company in a report on Friday, February 9th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Equity LifeStyle Properties presently has a consensus rating of “Hold” and a consensus target price of $69.55.

Equity LifeStyle Properties Trading Up 0.3 %

NYSE:ELS opened at $60.70 on Tuesday. Equity LifeStyle Properties, Inc. has a 12 month low of $60.47 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. The firm’s 50 day moving average is $64.30 and its 200 day moving average is $67.06. The stock has a market capitalization of $11.32 billion, a PE ratio of 33.17, a price-to-earnings-growth ratio of 3.99 and a beta of 0.69.

Equity LifeStyle Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were given a dividend of $0.477 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date was Wednesday, March 27th. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. Equity LifeStyle Properties’s dividend payout ratio is currently 104.37%.

Equity LifeStyle Properties Company 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.