K.J. Harrison & Partners Inc Takes $330,000 Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

K.J. Harrison & Partners Inc purchased a new stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 4,685 shares of the real estate investment trust’s stock, valued at approximately $330,000.

Other hedge funds have also modified their holdings of the company. Aristotle Capital Management LLC raised its position in Equity LifeStyle Properties by 17.1% during the 3rd quarter. Aristotle Capital Management LLC now owns 11,536,605 shares of the real estate investment trust’s stock worth $734,997,000 after buying an additional 1,681,198 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Equity LifeStyle Properties by 87.1% during the third quarter. Bank of New York Mellon Corp now owns 1,925,036 shares of the real estate investment trust’s stock worth $122,644,000 after acquiring an additional 896,361 shares during the period. Northern Trust Corp raised its position in Equity LifeStyle Properties by 43.4% during the third quarter. Northern Trust Corp now owns 1,926,497 shares of the real estate investment trust’s stock valued at $122,737,000 after acquiring an additional 583,317 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Equity LifeStyle Properties by 1.9% in the third quarter. Vanguard Group Inc. now owns 24,909,450 shares of the real estate investment trust’s stock valued at $1,586,981,000 after acquiring an additional 472,855 shares during the period. Finally, Rhumbline Advisers boosted its position in Equity LifeStyle Properties by 108.7% in the 3rd quarter. Rhumbline Advisers now owns 597,164 shares of the real estate investment trust’s stock worth $38,045,000 after purchasing an additional 310,996 shares in the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Equity LifeStyle Properties Trading Down 0.4 %

Shares of ELS traded down $0.22 during trading on Friday, reaching $60.53. 1,117,333 shares of the company traded hands, compared to its average volume of 1,401,162. The stock has a 50-day simple moving average of $64.41 and a 200-day simple moving average of $67.06. 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. The stock has a market cap of $11.29 billion, a PE ratio of 33.07, a price-to-earnings-growth ratio of 4.00 and a beta of 0.69.

Equity LifeStyle Properties Increases Dividend

The company also recently declared 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. This represents a $1.91 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend was Wednesday, March 27th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is currently 104.37%.

Analysts Set New Price Targets

ELS has been the subject of several analyst reports. Truist Financial decreased their target price on shares of Equity LifeStyle Properties from $73.00 to $72.00 and set a “hold” rating for the company in a research note on Wednesday, January 24th. Royal Bank of Canada reiterated a “sector perform” rating and set a $70.00 price target on shares of Equity LifeStyle Properties in a research report on Wednesday, January 31st. Wolfe Research upgraded Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 price objective for the company in a research report on Friday, February 9th. Deutsche Bank Aktiengesellschaft started coverage on shares of Equity LifeStyle Properties in a research report on Tuesday, January 30th. They set a “hold” rating and a $64.00 price objective for the company. Finally, Barclays lowered their target price on Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating on the stock in a report on Friday. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $69.55.

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.