FFT Wealth Management LLC Invests $229,000 in Equity LifeStyle Properties, Inc. (NYSE:ELS)

FFT Wealth Management LLC bought a new position in Equity LifeStyle Properties, Inc. (NYSE:ELS) during the 4th quarter, Holdings Channel.com reports. The firm bought 3,246 shares of the real estate investment trust’s stock, valued at approximately $229,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Aristotle Capital Management LLC boosted its holdings in Equity LifeStyle Properties by 17.1% in the third quarter. Aristotle Capital Management LLC now owns 11,536,605 shares of the real estate investment trust’s stock valued at $734,997,000 after acquiring an additional 1,681,198 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Equity LifeStyle Properties by 87.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,925,036 shares of the real estate investment trust’s stock valued at $122,644,000 after buying an additional 896,361 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Equity LifeStyle Properties by 43.4% during the 3rd quarter. Northern Trust Corp now owns 1,926,497 shares of the real estate investment trust’s stock valued at $122,737,000 after buying an additional 583,317 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Equity LifeStyle Properties by 1.9% during the 3rd 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 buying an additional 472,855 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Equity LifeStyle Properties by 108.7% during the 3rd quarter. Rhumbline Advisers now owns 597,164 shares of the real estate investment trust’s stock valued at $38,045,000 after buying an additional 310,996 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Stock Performance

Shares of ELS traded up $1.07 on Thursday, reaching $62.02. The company’s stock had a trading volume of 184,058 shares, compared to its average volume of 1,250,186. 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 capitalization of $11.57 billion, a P/E ratio of 33.83, a PEG ratio of 3.55 and a beta of 0.70. The stock’s 50 day simple moving average is $64.05 and its two-hundred day simple moving average is $66.99. Equity LifeStyle Properties, Inc. has a 12-month low of $59.82 and a 12-month high of $74.04.

Equity LifeStyle Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.477 per share. This represents a $1.91 annualized dividend and a yield of 3.08%. The ex-dividend date is Friday, June 28th. Equity LifeStyle Properties’s dividend payout ratio is currently 104.37%.

Analyst Ratings Changes

ELS has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Equity LifeStyle Properties in a 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 report on Wednesday, January 31st. Truist Financial lowered their price target on Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating for the company in a research report on Thursday. Barclays lowered their price target on 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. Finally, Wolfe Research raised 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 report on Friday, February 9th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $68.85.

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.