IFM Investors Pty Ltd Boosts Stock Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

IFM Investors Pty Ltd boosted its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 2.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,613 shares of the real estate investment trust’s stock after buying 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.

Several other hedge funds have also modified their holdings of ELS. Tiemann Investment Advisors LLC raised its position in Equity LifeStyle Properties by 1.4% in the 3rd quarter. Tiemann Investment Advisors LLC now owns 11,211 shares of the real estate investment trust’s stock valued at $714,000 after purchasing an additional 155 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Equity LifeStyle Properties by 0.3% during the fourth quarter. Wellington Management Group LLP now owns 59,874 shares of the real estate investment trust’s stock worth $4,224,000 after buying an additional 155 shares during the period. Donoghue Forlines LLC raised its holdings in Equity LifeStyle Properties by 2.3% in the fourth quarter. Donoghue Forlines LLC now owns 7,195 shares of the real estate investment trust’s stock valued at $508,000 after acquiring an additional 160 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in Equity LifeStyle Properties by 0.3% in the third quarter. Teacher Retirement System of Texas now owns 68,409 shares of the real estate investment trust’s stock worth $4,358,000 after acquiring an additional 172 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its stake in Equity LifeStyle Properties by 4.7% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,920 shares of the real estate investment trust’s stock worth $277,000 after acquiring an additional 177 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Equity LifeStyle Properties Stock Performance

Shares of ELS traded down $0.22 during mid-day trading on Friday, reaching $60.53. 1,117,333 shares of the company’s stock were exchanged, compared to its average volume of 1,401,162. The business’s fifty day simple moving average is $64.41 and its 200-day simple moving average is $67.06. The stock has a market capitalization of $11.29 billion, a PE ratio of 33.07, a price-to-earnings-growth ratio of 4.00 and a beta of 0.69. Equity LifeStyle Properties, Inc. has a 52-week low of $60.47 and a 52-week high of $74.04. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.03 and a quick ratio of 0.03.

Equity LifeStyle Properties Increases Dividend

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

Wall Street Analyst Weigh In

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

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.