Naviter Wealth LLC Raises Stock Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Naviter Wealth LLC lifted its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 21.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,212 shares of the real estate investment trust’s stock after acquiring an additional 2,150 shares during the period. Naviter Wealth LLC’s holdings in Equity LifeStyle Properties were worth $867,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ELS. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Equity LifeStyle Properties during the 4th quarter worth $35,000. Headlands Technologies LLC grew its holdings in shares of Equity LifeStyle Properties by 143.8% during the fourth quarter. Headlands Technologies LLC now owns 624 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 368 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of Equity LifeStyle Properties during the fourth quarter worth about $44,000. Lindbrook Capital LLC increased its position in Equity LifeStyle Properties by 40.5% in the 4th quarter. Lindbrook Capital LLC now owns 631 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 182 shares during the period. Finally, Anchor Investment Management LLC purchased a new stake in Equity LifeStyle Properties during the 4th quarter valued at approximately $47,000. 97.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on ELS. Truist Financial decreased their price target on Equity LifeStyle Properties from $73.00 to $72.00 and set a “hold” rating for the company in a report on Wednesday, January 24th. Wolfe Research raised shares of Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a report on Friday, February 9th. Deutsche Bank Aktiengesellschaft began coverage on shares of Equity LifeStyle Properties in a report on Tuesday, January 30th. They set a “hold” rating and a $64.00 price target for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $70.00 price objective on shares of Equity LifeStyle Properties in a report on Wednesday, January 31st. Finally, Barclays dropped their target price on Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating on the stock in a research report on Friday. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Equity LifeStyle Properties presently has an average rating of “Hold” and an average target price of $69.55.

Equity LifeStyle Properties Trading Down 1.4 %

Shares of Equity LifeStyle Properties stock opened at $59.84 on Tuesday. The company has a 50-day moving average of $64.30 and a two-hundred day moving average of $67.06. Equity LifeStyle Properties, Inc. has a 12-month low of $59.82 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 stock has a market cap of $11.16 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 announced 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 represents a $1.91 dividend on an annualized basis and a yield of 3.19%. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, March 27th. Equity LifeStyle Properties’s payout ratio is presently 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.