Neo Ivy Capital Management Acquires Shares of 1,166 Equity LifeStyle Properties, Inc. (NYSE:ELS)

Neo Ivy Capital Management bought a new position in Equity LifeStyle Properties, Inc. (NYSE:ELS) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,166 shares of the real estate investment trust’s stock, valued at approximately $82,000.

A number of other hedge funds also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Equity LifeStyle Properties in the 4th quarter worth approximately $35,000. Headlands Technologies LLC grew its holdings in shares of Equity LifeStyle Properties by 143.8% in the fourth quarter. Headlands Technologies LLC now owns 624 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 368 shares in the last quarter. GAMMA Investing LLC bought a new stake in Equity LifeStyle Properties in the fourth quarter worth $44,000. Lindbrook Capital LLC raised its stake in Equity LifeStyle Properties by 40.5% during the fourth quarter. Lindbrook Capital LLC now owns 631 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 182 shares in the last quarter. Finally, Anchor Investment Management LLC purchased a new stake in shares of Equity LifeStyle Properties during the 4th quarter valued at about $47,000. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ELS has been the topic of several analyst reports. Truist Financial reduced their price objective on Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating on the stock in a research note on Thursday, May 2nd. Barclays cut their target price on Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating on the stock in a research report on Friday, April 26th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $68.85.

Equity LifeStyle Properties Trading Up 0.5 %

ELS traded up $0.31 during trading hours on Friday, reaching $62.72. 952,375 shares of the company’s stock traded hands, compared to its average volume of 982,568. The firm has a 50-day moving average price of $62.42 and a 200 day moving average price of $66.05. The firm has a market capitalization of $11.70 billion, a PE ratio of 34.27, a PEG ratio of 3.58 and a beta of 0.75. 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 52-week low of $59.82 and a 52-week high of $74.04.

Equity LifeStyle Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a $0.477 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Friday, June 28th. Equity LifeStyle Properties’s payout ratio is presently 104.37%.

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.