Equity LifeStyle Properties (NYSE:ELS) Sees Unusually-High Trading Volume

Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS - Get Free Report) saw an uptick in trading volume on Tuesday . 2,393,532 shares changed hands during mid-day trading, an increase of 96% from the previous session's volume of 1,218,953 shares.The stock last traded at $64.12 and had previously closed at $63.73.

Analyst Ratings Changes

Several research analysts have commented on ELS shares. Wolfe Research raised shares of Equity LifeStyle Properties from a "peer perform" rating to an "outperform" rating and set a $75.00 price objective for the company in a report on Friday, February 9th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Equity LifeStyle Properties in a research report on Tuesday, January 30th. They set a "hold" rating and a $64.00 target price on the stock. Royal Bank of Canada restated 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, Truist Financial reduced their price objective on shares of 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. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $70.15.

Equity LifeStyle Properties Trading Up 0.5 %

The company has a market capitalization of $11.94 billion, a price-to-earnings ratio of 38.11, a P/E/G ratio of 3.74 and a beta of 0.69. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.35. The company's 50 day simple moving average is $65.84 and its two-hundred day simple moving average is $67.31.

Equity LifeStyle Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Thursday, March 28th will be issued a $0.477 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.98%. This is a boost from Equity LifeStyle Properties's previous quarterly dividend of $0.45. Equity LifeStyle Properties's dividend payout ratio (DPR) is currently 113.69%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ELS. Mather Group LLC. purchased a new position in shares of Equity LifeStyle Properties in the first quarter worth $25,000. Rise Advisors LLC purchased a new position in shares of Equity LifeStyle Properties during the first quarter worth $27,000. Eagle Bay Advisors LLC purchased a new position in shares of Equity LifeStyle Properties during the second quarter worth $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Equity LifeStyle Properties during the fourth quarter worth $35,000. Finally, Headlands Technologies LLC raised its holdings in shares of Equity LifeStyle Properties by 143.8% during the fourth quarter. Headlands Technologies LLC now owns 624 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 368 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company's stock.

About Equity LifeStyle Properties

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.