Yousif Capital Management LLC Acquires 243 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Yousif Capital Management LLC boosted its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,843 shares of the real estate investment trust’s stock after acquiring an additional 243 shares during the quarter. Yousif Capital Management LLC owned 0.05% of Equity LifeStyle Properties worth $6,620,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Equity LifeStyle Properties during the 4th quarter valued at $35,000. GAMMA Investing LLC bought a new position in Equity LifeStyle Properties in the 4th quarter worth $44,000. Lindbrook Capital LLC raised its holdings in 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 period. Anchor Investment Management LLC bought a new position in Equity LifeStyle Properties in the 4th quarter worth $47,000. Finally, Kelly Lawrence W & Associates Inc. CA bought a new position in Equity LifeStyle Properties in the 3rd quarter worth $64,000. 97.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ELS. 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 report on Wednesday, January 24th. Wolfe Research upgraded 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 note on Friday, February 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $70.00 price target on shares of Equity LifeStyle Properties in a research note on Wednesday, January 31st. Finally, Deutsche Bank Aktiengesellschaft began 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 one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $70.15.

Equity LifeStyle Properties Trading Down 0.9 %

Shares of Equity LifeStyle Properties stock opened at $60.75 on Friday. The firm has a market cap of $11.33 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 4.04 and a beta of 0.69. The business has a 50-day moving average price of $64.53 and a 200-day moving average price of $67.08. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.33. Equity LifeStyle Properties, Inc. has a twelve month low of $60.47 and a twelve month high of $74.04.

Equity LifeStyle Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were given a dividend of $0.477 per share. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.14%. Equity LifeStyle Properties’s dividend payout ratio (DPR) 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.