SG Americas Securities LLC Has $979,000 Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

SG Americas Securities LLC lessened its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 69.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,876 shares of the real estate investment trust's stock after selling 32,062 shares during the period. SG Americas Securities LLC's holdings in Equity LifeStyle Properties were worth $979,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC purchased a new stake in shares of Equity LifeStyle Properties in the second quarter worth about $30,000. Anchor Investment Management LLC purchased a new stake in shares of Equity LifeStyle Properties in the fourth quarter worth about $47,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Equity LifeStyle Properties in the first quarter worth about $59,000. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of Equity LifeStyle Properties in the third quarter worth about $64,000. Finally, Second Half Financial Partners LLC purchased a new stake in shares of Equity LifeStyle Properties in the third quarter worth about $66,000. Hedge funds and other institutional investors own 97.21% of the company's stock.

Equity LifeStyle Properties Stock Performance

Shares of Equity LifeStyle Properties stock traded down $1.13 on Monday, reaching $63.27. 1,223,639 shares of the company were exchanged, compared to its average volume of 1,183,996. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.03 and a current ratio of 0.03. The company's 50-day moving average is $66.37 and its two-hundred day moving average is $67.48. The firm has a market cap of $11.80 billion, a price-to-earnings ratio of 37.75, a P/E/G ratio of 3.83 and a beta of 0.69. Equity LifeStyle Properties, Inc. has a 1-year low of $60.47 and a 1-year high of $74.04.

Equity LifeStyle Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.477 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.02%. This is a boost from Equity LifeStyle Properties's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, March 27th. Equity LifeStyle Properties's dividend payout ratio is presently 113.69%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wolfe Research raised Equity LifeStyle Properties from a "peer perform" rating to an "outperform" rating and set a $75.00 target price for the company in a research report on Friday, February 9th. Truist Financial decreased their target price on 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. 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, Royal Bank of Canada reissued a "sector perform" rating and issued a $70.00 price target on shares of Equity LifeStyle Properties in a report on Wednesday, January 31st. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $70.15.

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.