Cornercap Investment Counsel Inc. Invests $956,000 in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Cornercap Investment Counsel Inc. bought a new stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,548 shares of the real estate investment trust's stock, valued at approximately $956,000.

Other institutional investors have also recently modified their holdings of the company. Tiemann Investment Advisors LLC boosted its holdings in Equity LifeStyle Properties by 1.4% in the 3rd quarter. Tiemann Investment Advisors LLC now owns 11,211 shares of the real estate investment trust's stock worth $714,000 after buying an additional 155 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in Equity LifeStyle Properties by 0.3% in the 3rd quarter. Teacher Retirement System of Texas now owns 68,409 shares of the real estate investment trust's stock worth $4,358,000 after buying an additional 172 shares during the last quarter. Vident Investment Advisory LLC boosted its holdings in Equity LifeStyle Properties by 1.2% in the 4th quarter. Vident Investment Advisory LLC now owns 14,956 shares of the real estate investment trust's stock worth $966,000 after buying an additional 178 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its holdings in Equity LifeStyle Properties by 0.5% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 37,919 shares of the real estate investment trust's stock worth $2,450,000 after buying an additional 183 shares during the last quarter. Finally, CWM LLC boosted its holdings in Equity LifeStyle Properties by 10.8% in the 3rd quarter. CWM LLC now owns 2,029 shares of the real estate investment trust's stock worth $129,000 after buying an additional 198 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on ELS. Deutsche Bank Aktiengesellschaft began coverage on Equity LifeStyle Properties in a report on Tuesday, January 30th. They issued a "hold" rating and a $64.00 price objective on the stock. Wolfe Research upgraded 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. Royal Bank of Canada restated a "sector perform" rating and set a $70.00 target price on shares of Equity LifeStyle Properties in a report on Wednesday, January 31st. Finally, Truist Financial lowered their target price on Equity LifeStyle Properties from $73.00 to $72.00 and set a "hold" rating on the stock in a report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $70.15.

Equity LifeStyle Properties Stock Down 0.5 %

Shares of NYSE:ELS traded down $0.28 during trading on Tuesday, hitting $61.08. The company's stock had a trading volume of 1,565,185 shares, compared to its average volume of 1,241,346. 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 business has a 50 day moving average price of $65.19 and a two-hundred day moving average price of $67.19. The company has a market capitalization of $11.39 billion, a PE ratio of 36.35, a P/E/G ratio of 3.63 and a beta of 0.69. Equity LifeStyle Properties, Inc. has a fifty-two week low of $60.47 and a fifty-two week high of $74.04.

Equity LifeStyle Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were issued a $0.477 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.12%. This is a boost from Equity LifeStyle Properties's previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, March 27th. Equity LifeStyle Properties's dividend payout ratio is presently 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.