Louisiana State Employees Retirement System Takes $3.70 Million Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Louisiana State Employees Retirement System bought a new position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 52,400 shares of the real estate investment trust's stock, valued at approximately $3,696,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ELS. Eagle Bay Advisors LLC acquired a new stake in shares of Equity LifeStyle Properties during the 2nd quarter valued at approximately $30,000. Anchor Investment Management LLC acquired a new stake in shares of Equity LifeStyle Properties during the 4th quarter valued at approximately $47,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Equity LifeStyle Properties during the 1st quarter valued at approximately $59,000. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of Equity LifeStyle Properties during the 3rd quarter valued at approximately $64,000. Finally, Second Half Financial Partners LLC acquired a new stake in shares of Equity LifeStyle Properties during the 3rd quarter valued at approximately $66,000. Hedge funds and other institutional investors own 97.21% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. 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. Truist Financial dropped their target price 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. Deutsche Bank Aktiengesellschaft initiated coverage on Equity LifeStyle Properties in a research report on Tuesday, January 30th. They issued a "hold" rating and a $64.00 target price on the stock. Finally, Wolfe Research raised Equity LifeStyle Properties from a "peer perform" rating to an "outperform" rating and set a $75.00 target price on the stock in a research report on Friday, February 9th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $70.15.

Equity LifeStyle Properties Trading Up 0.5 %

Shares of NYSE:ELS traded up $0.33 during midday trading on Monday, reaching $61.36. The company had a trading volume of 1,646,932 shares, compared to its average volume of 1,237,081. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.03 and a current ratio of 0.03. Equity LifeStyle Properties, Inc. has a 1-year low of $60.47 and a 1-year high of $74.04. The firm has a market cap of $11.44 billion, a price-to-earnings ratio of 36.52, a price-to-earnings-growth ratio of 3.63 and a beta of 0.69. The company has a fifty day simple moving average of $65.30 and a two-hundred day simple moving average of $67.21.

Equity LifeStyle Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were paid a $0.477 dividend. This is an increase from Equity LifeStyle Properties's previous quarterly dividend of $0.45. This represents a $1.91 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend was Wednesday, March 27th. Equity LifeStyle Properties's dividend payout ratio is currently 113.69%.

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.