DekaBank Deutsche Girozentrale Sells 43,675 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

DekaBank Deutsche Girozentrale lessened its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 38.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,410 shares of the real estate investment trust's stock after selling 43,675 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Equity LifeStyle Properties were worth $5,049,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ELS. Asset Management One Co. Ltd. grew its position in shares of Equity LifeStyle Properties by 1.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 411,760 shares of the real estate investment trust's stock valued at $29,490,000 after purchasing an additional 6,096 shares during the last quarter. Arizona State Retirement System grew its position in shares of Equity LifeStyle Properties by 0.8% in the fourth quarter. Arizona State Retirement System now owns 48,637 shares of the real estate investment trust's stock valued at $3,431,000 after purchasing an additional 375 shares during the last quarter. State of Michigan Retirement System grew its position in shares of Equity LifeStyle Properties by 0.4% in the fourth quarter. State of Michigan Retirement System now owns 44,700 shares of the real estate investment trust's stock valued at $3,153,000 after purchasing an additional 200 shares during the last quarter. Manning & Napier Group LLC grew its position in Equity LifeStyle Properties by 0.7% during the fourth quarter. Manning & Napier Group LLC now owns 153,238 shares of the real estate investment trust's stock worth $10,809,000 after buying an additional 1,016 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in Equity LifeStyle Properties during the fourth quarter worth approximately $77,000. Institutional investors and hedge funds own 97.21% of the company's stock.

Analyst Upgrades and Downgrades

ELS has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Equity LifeStyle Properties in a research report on Tuesday, January 30th. They set a "hold" rating and a $64.00 price target on the stock. Royal Bank of Canada reissued a "sector perform" rating and set a $70.00 price target on shares of Equity LifeStyle Properties in a research report on Wednesday, January 31st. Wolfe Research raised 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 report on Friday, February 9th. Finally, Truist Financial reduced their price target on Equity LifeStyle Properties from $73.00 to $72.00 and set a "hold" rating on the stock in a research report on Wednesday, January 24th. Seven equities research 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, Equity LifeStyle Properties currently has a consensus rating of "Hold" and a consensus target price of $70.15.

Equity LifeStyle Properties Trading Down 0.9 %

Shares of ELS stock traded down $0.53 during mid-day trading on Friday, hitting $61.03. The company's stock had a trading volume of 867,712 shares, compared to its average volume of 1,231,309. The company's fifty day simple moving average is $65.42 and its 200-day simple moving average is $67.19. Equity LifeStyle Properties, Inc. has a 52 week low of $60.47 and a 52 week high of $74.04. 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 has a market cap of $11.38 billion, a PE ratio of 36.33, a P/E/G ratio of 3.69 and a beta of 0.69.

Equity LifeStyle Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Thursday, March 28th will be given a $0.477 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change from Equity LifeStyle Properties's previous quarterly dividend of $0.45. This represents a $1.91 annualized dividend and a dividend yield of 3.13%. Equity LifeStyle Properties's dividend payout ratio (DPR) is 113.69%.

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.