Yousif Capital Management LLC Raises Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Yousif Capital Management LLC raised its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 93,843 shares of the real estate investment trust’s stock after buying an additional 243 shares during the period. Yousif Capital Management LLC’s holdings in Equity LifeStyle Properties were worth $6,620,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ELS. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Equity LifeStyle Properties during the 4th quarter worth $35,000. GAMMA Investing LLC purchased a new stake in shares of Equity LifeStyle Properties during the 4th quarter worth $44,000. Lindbrook Capital LLC lifted its position in shares of Equity LifeStyle Properties by 40.5% during the 4th quarter. Lindbrook Capital LLC now owns 631 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 182 shares during the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Equity LifeStyle Properties during the 4th quarter worth $47,000. Finally, Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of Equity LifeStyle Properties during the 3rd quarter worth $64,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Trading Down 0.9 %

NYSE ELS opened at $60.75 on Friday. Equity LifeStyle Properties, Inc. has a one year low of $60.47 and a one year high of $74.04. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.03 and a current ratio of 0.03. The firm’s fifty day moving average is $64.53 and its two-hundred day moving average is $67.08. The firm has a market cap of $11.33 billion, a PE ratio of 33.20, a P/E/G ratio of 4.04 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 paid a dividend of $0.477 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.14%. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, March 27th. Equity LifeStyle Properties’s payout ratio is 104.37%.

Analyst Upgrades and Downgrades

ELS has been the subject of several recent analyst reports. 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 report on Wednesday, January 24th. Wolfe Research upgraded shares of Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a research note on Friday, February 9th. Deutsche Bank Aktiengesellschaft began coverage on shares of Equity LifeStyle Properties in a research note on Tuesday, January 30th. They set a “hold” rating and a $64.00 price target on the stock. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $70.00 price target on shares of Equity LifeStyle Properties in a research note on Wednesday, January 31st. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $70.15.

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.