Equity LifeStyle Properties, Inc. (NYSE:ELS) Stock Position Lowered by California Public Employees Retirement System

California Public Employees Retirement System reduced its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 654,819 shares of the real estate investment trust's stock after selling 13,556 shares during the quarter. California Public Employees Retirement System owned about 0.35% of Equity LifeStyle Properties worth $46,191,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Equity LifeStyle Properties in the fourth quarter valued at $35,000. Lindbrook Capital LLC increased its stake in shares of 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 acquiring an additional 182 shares during the period. Anchor Investment Management LLC acquired a new position in shares of Equity LifeStyle Properties during the fourth quarter worth about $47,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Equity LifeStyle Properties during the third quarter worth about $64,000. Finally, Second Half Financial Partners LLC acquired a new position in shares of Equity LifeStyle Properties during the third quarter worth about $66,000. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ELS. Deutsche Bank Aktiengesellschaft began coverage on shares of Equity LifeStyle Properties in a research note on Tuesday, January 30th. They set a "hold" rating and a $64.00 price target on the stock. Wolfe Research upgraded shares of 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 note on Friday, February 9th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $70.00 price target on shares of Equity LifeStyle Properties in a report on Wednesday, January 31st. Barclays reduced their price target on shares of Equity LifeStyle Properties from $78.00 to $72.00 and set an "overweight" rating on the stock in a report on Friday. Finally, Truist Financial reduced their price target on shares of 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 two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Equity LifeStyle Properties has a consensus rating of "Hold" and an average target price of $69.55.

Equity LifeStyle Properties Trading Down 0.4 %

Equity LifeStyle Properties stock traded down $0.22 during trading on Friday, hitting $60.53. The company's stock had a trading volume of 1,117,333 shares, compared to its average volume of 1,401,162. The stock has a market capitalization of $11.29 billion, a price-to-earnings ratio of 33.08, a P/E/G ratio of 4.00 and a beta of 0.69. The stock's fifty day moving average is $64.41 and its 200 day moving average is $67.06. Equity LifeStyle Properties, Inc. has a 1-year low of $60.47 and a 1-year high of $74.04. The company has a debt-to-equity ratio of 0.33, 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. Investors of record on Thursday, March 28th were paid a $0.477 dividend. 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 yield of 3.15%. The ex-dividend date of this dividend was Wednesday, March 27th. Equity LifeStyle Properties's dividend payout ratio is presently 104.37%.

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.