Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS - Free Report) by 12.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 126,400 shares of the real estate investment trust's stock after selling 18,511 shares during the period. New York State Common Retirement Fund owned about 0.07% of Equity LifeStyle Properties worth $8,916,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Cornercap Investment Counsel Inc. bought a new position in Equity LifeStyle Properties in the fourth quarter worth approximately $956,000. Arizona State Retirement System raised 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 worth $3,431,000 after purchasing an additional 375 shares during the period. State of Michigan Retirement System raised its holdings in Equity LifeStyle Properties by 0.4% in the 4th 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 valued at $384,000. Finally, Janney Montgomery Scott LLC grew its holdings in Equity LifeStyle Properties by 3.4% during the third 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 period. Hedge funds and other institutional investors own 97.21% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wolfe Research raised Equity LifeStyle Properties from a "peer perform" rating to an "outperform" rating and set a $75.00 price objective on the stock in a research report on Friday, February 9th. Barclays dropped their price target on shares of Equity LifeStyle Properties from $78.00 to $72.00 and set an "overweight" rating for the company in a research report on Friday, April 26th. Truist Financial decreased their price objective on shares of Equity LifeStyle Properties from $72.00 to $65.00 and set a "hold" rating on the stock in a research report on Thursday. 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. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Equity LifeStyle Properties in a research note on Tuesday, January 30th. They issued a "hold" rating and a $64.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Equity LifeStyle Properties presently has an average rating of "Hold" and a consensus target price of $68.85.

Equity LifeStyle Properties Price Performance

Shares of Equity LifeStyle Properties stock traded up $2.21 during trading hours on Thursday, reaching $63.16. The company's stock had a trading volume of 1,597,019 shares, compared to its average volume of 1,267,454. The firm has a 50 day moving average price of $64.05 and a 200-day moving average price of $66.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.03 and a quick ratio of 0.03. The stock has a market cap of $11.78 billion, a P/E ratio of 33.83, a P/E/G ratio of 3.55 and a beta of 0.70. Equity LifeStyle Properties, Inc. has a one year low of $59.82 and a one year high of $74.04.

Equity LifeStyle Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be paid a $0.477 dividend. This represents a $1.91 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Friday, June 28th. Equity LifeStyle Properties's payout ratio is 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.