Posted by Defense World Staff on May 31st, 2024
UBS Group AG increased its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS – Free Report) by 1,029.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 243,770 shares of the real estate investment trust’s stock after buying an additional 222,196 shares during the period. UBS Group AG owned about 0.13% of Equity LifeStyle Properties worth $17,196,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Equity LifeStyle Properties during the 4th quarter worth $35,000. Headlands Technologies LLC increased its position in shares of Equity LifeStyle Properties by 143.8% in the 4th 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. Lindbrook Capital LLC increased its position in shares of Equity LifeStyle Properties by 40.5% in the 4th 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 during the last quarter. GAMMA Investing LLC bought a new stake in shares of Equity LifeStyle Properties in the 4th quarter worth about $44,000. Finally, Anchor Investment Management LLC bought a new stake in shares of Equity LifeStyle Properties in the 4th quarter worth about $47,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.
Equity LifeStyle Properties Stock Up 2.2 %
NYSE ELS opened at $62.58 on Friday. 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 company’s 50 day simple moving average is $62.71 and its 200 day simple moving average is $66.58. Equity LifeStyle Properties, Inc. has a 12 month low of $59.82 and a 12 month high of $74.04. The company has a market capitalization of $11.67 billion, a P/E ratio of 34.20, a PEG ratio of 3.51 and a beta of 0.70.
Equity LifeStyle Properties Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a $0.477 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.05%. Equity LifeStyle Properties’s payout ratio is currently 104.37%.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on ELS. Barclays reduced their target price on shares of Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating for the company in a research note on Friday, April 26th. Wolfe Research raised shares of Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 target price for the company in a research note on Friday, February 9th. Finally, Truist Financial reduced their price target on shares of Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating for the company in a research note on Thursday, May 2nd. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $68.85.
Read Our Latest Research Report on ELS
Equity LifeStyle Properties Company 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.
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