Strs Ohio Sells 21,900 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Strs Ohio cut its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 30.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,186 shares of the real estate investment trust's stock after selling 21,900 shares during the quarter. Strs Ohio's holdings in Equity LifeStyle Properties were worth $3,469,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Arizona State Retirement System grew its holdings in Equity LifeStyle Properties by 0.8% in the 4th quarter. Arizona State Retirement System now owns 48,637 shares of the real estate investment trust's stock valued at $3,431,000 after buying an additional 375 shares during the period. State of Michigan Retirement System raised its stake in Equity LifeStyle Properties by 0.4% during the fourth quarter. State of Michigan Retirement System now owns 44,700 shares of the real estate investment trust's stock worth $3,153,000 after purchasing an additional 200 shares during the period. Duality Advisers LP purchased a new position in Equity LifeStyle Properties during the third quarter worth approximately $384,000. Janney Montgomery Scott LLC boosted its holdings in shares of Equity LifeStyle Properties by 3.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 163,018 shares of the real estate investment trust's stock valued at $10,386,000 after purchasing an additional 5,318 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Equity LifeStyle Properties by 108.7% during the 3rd quarter. Rhumbline Advisers now owns 597,164 shares of the real estate investment trust's stock worth $38,045,000 after buying an additional 310,996 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company's stock.

Equity LifeStyle Properties Stock Up 0.7 %

Shares of ELS stock traded up $0.41 on Friday, hitting $62.74. The stock had a trading volume of 1,501,920 shares, compared to its average volume of 1,244,782. The stock's 50 day moving average is $64.93 and its 200-day moving average is $67.12. The firm has a market capitalization of $11.70 billion, a price-to-earnings ratio of 37.35, a P/E/G ratio of 3.68 and a beta of 0.69. 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.

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 paid a dividend of $0.477 per share. The ex-dividend date was Wednesday, March 27th. This is an increase from Equity LifeStyle Properties's previous quarterly dividend of $0.45. This represents a $1.91 annualized dividend and a dividend yield of 3.04%. Equity LifeStyle Properties's dividend payout ratio (DPR) is currently 113.69%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Equity LifeStyle Properties in a report on Tuesday, January 30th. They issued a "hold" rating and a $64.00 price target on the stock. Truist Financial decreased their price objective on shares of Equity LifeStyle Properties from $73.00 to $72.00 and set a "hold" rating for the company in a research note on Wednesday, January 24th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $70.00 target price on shares of Equity LifeStyle Properties in a research note on Wednesday, January 31st. Seven research 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.com, Equity LifeStyle Properties presently has a consensus rating of "Hold" and a consensus target price 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.