LRT Capital Management LLC Trims Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

LRT Capital Management LLC reduced its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 51.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,985 shares of the real estate investment trust's stock after selling 13,825 shares during the period. LRT Capital Management LLC's holdings in Equity LifeStyle Properties were worth $916,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ELS. Eagle Bay Advisors LLC purchased a new stake in shares of Equity LifeStyle Properties during the 2nd quarter worth about $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Equity LifeStyle Properties in the 4th quarter worth about $35,000. Lindbrook Capital LLC boosted its position in Equity LifeStyle Properties by 40.5% during the fourth quarter. Lindbrook Capital LLC now owns 631 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 182 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in Equity LifeStyle Properties in the fourth quarter valued at approximately $47,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in Equity LifeStyle Properties in the first quarter valued at approximately $59,000. 97.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Royal Bank of Canada reiterated a "sector perform" rating and set a $70.00 target price on shares of Equity LifeStyle Properties in a research report on Wednesday, January 31st. Truist Financial decreased 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 shares of Equity LifeStyle Properties in a research report on Tuesday, January 30th. They set a "hold" rating and a $64.00 price target for the company. Finally, Wolfe Research upgraded shares of Equity LifeStyle Properties from a "peer perform" rating to an "outperform" rating and set a $75.00 price target for the company in a research report on Friday, February 9th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $70.15.

Equity LifeStyle Properties Price Performance

ELS traded up $0.40 on Friday, reaching $62.73. 1,501,920 shares of the company's stock were exchanged, compared to its average volume of 1,384,757. Equity LifeStyle Properties, Inc. has a twelve month low of $60.47 and a twelve month high of $74.04. The stock has a market cap of $11.70 billion, a PE ratio of 37.34, a P/E/G ratio of 3.73 and a beta of 0.69. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.03 and a quick ratio of 0.03. The stock's fifty day moving average price is $64.93 and its 200-day moving average price is $67.19.

Equity LifeStyle Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were given a dividend of $0.477 per share. This is an increase from Equity LifeStyle Properties's previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, March 27th. This represents a $1.91 dividend on an annualized basis and a yield of 3.04%. Equity LifeStyle Properties's dividend payout ratio (DPR) 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.