Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP raised its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,874 shares of the real estate investment trust’s stock after acquiring an additional 155 shares during the quarter. Wellington Management Group LLP’s holdings in Equity LifeStyle Properties were worth $4,224,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Equity LifeStyle Properties in the fourth quarter valued at about $455,623,000. Boston Partners boosted its stake in shares of Equity LifeStyle Properties by 122.4% during the 4th quarter. Boston Partners now owns 2,728,675 shares of the real estate investment trust’s stock worth $192,469,000 after acquiring an additional 1,501,692 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Equity LifeStyle Properties by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 24,909,450 shares of the real estate investment trust’s stock worth $1,586,981,000 after acquiring an additional 472,855 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Equity LifeStyle Properties by 17.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,743,596 shares of the real estate investment trust’s stock valued at $193,533,000 after purchasing an additional 410,042 shares in the last quarter. Finally, Clearbridge Investments LLC raised its holdings in Equity LifeStyle Properties by 278.4% during the fourth quarter. Clearbridge Investments LLC now owns 330,109 shares of the real estate investment trust’s stock worth $23,286,000 after purchasing an additional 242,865 shares during the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Equity LifeStyle Properties Stock Performance

Shares of NYSE ELS opened at $65.13 on Friday. The company has a 50-day simple moving average of $62.78 and a 200-day simple moving average of $65.51. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.03 and a quick ratio of 0.03. The company has a market cap of $12.15 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 3.74 and a beta of 0.75. Equity LifeStyle Properties, Inc. has a 12 month low of $59.82 and a 12 month high of $74.04.

Equity LifeStyle Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a $0.477 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.91 annualized dividend and a yield of 2.93%. Equity LifeStyle Properties’s payout ratio is currently 104.37%.

Wall Street Analysts Forecast Growth

ELS has been the subject of a number of research analyst reports. Truist Financial dropped their price target on Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating for the company in a research report on Thursday, May 2nd. Barclays dropped 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 report on Friday, April 26th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $68.85.

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.