Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Bought by Naviter Wealth LLC

Naviter Wealth LLC lifted its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 1.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,404 shares of the real estate investment trust’s stock after buying an additional 192 shares during the quarter. Naviter Wealth LLC’s holdings in Equity LifeStyle Properties were worth $805,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Acadian Asset Management LLC purchased a new position in shares of Equity LifeStyle Properties in the 3rd quarter valued at about $172,000. Mariner LLC grew its holdings in shares of Equity LifeStyle Properties by 41.1% in the 3rd quarter. Mariner LLC now owns 14,274 shares of the real estate investment trust’s stock worth $909,000 after acquiring an additional 4,160 shares during the period. Stifel Financial Corp increased its stake in Equity LifeStyle Properties by 9.4% in the 3rd quarter. Stifel Financial Corp now owns 51,469 shares of the real estate investment trust’s stock valued at $3,279,000 after purchasing an additional 4,425 shares in the last quarter. Federated Hermes Inc. acquired a new position in Equity LifeStyle Properties during the third quarter worth $1,588,000. Finally, Natixis Advisors L.P. boosted its position in Equity LifeStyle Properties by 89.0% during the third quarter. Natixis Advisors L.P. now owns 27,319 shares of the real estate investment trust’s stock worth $1,740,000 after purchasing an additional 12,861 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity LifeStyle Properties Stock Down 1.0 %

Shares of NYSE ELS opened at $63.97 on Wednesday. The firm has a market cap of $11.93 billion, a P/E ratio of 34.96, a price-to-earnings-growth ratio of 3.74 and a beta of 0.77. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.03 and a current ratio of 0.03. Equity LifeStyle Properties, Inc. has a 1 year low of $59.82 and a 1 year high of $74.04. The firm’s 50 day moving average price is $62.87 and its 200 day moving average price is $65.35.

Equity LifeStyle Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors 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 2.98%. 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 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 report on Friday, April 26th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $68.85.

About Equity LifeStyle Properties

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.