Intech Investment Management LLC Has $2.11 Million Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Intech Investment Management LLC grew its position in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 629.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,701 shares of the real estate investment trust’s stock after purchasing an additional 28,220 shares during the quarter. Intech Investment Management LLC’s holdings in Equity LifeStyle Properties were worth $2,106,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Mather Group LLC. acquired a new position in Equity LifeStyle Properties in the 1st quarter valued at $25,000. Rise Advisors LLC bought a new position in Equity LifeStyle Properties during the first quarter worth about $27,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Equity LifeStyle Properties in the 4th quarter worth about $35,000. Headlands Technologies LLC raised its position 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 buying an additional 368 shares in the last quarter. Finally, GAMMA Investing LLC bought a new stake in shares of Equity LifeStyle Properties in the fourth quarter valued at approximately $44,000. Institutional investors own 97.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Truist Financial dropped their price target on 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. Barclays dropped 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 report on Friday, April 26th. 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 data from MarketBeat.com, Equity LifeStyle Properties presently has an average rating of “Hold” and an average price target of $68.06.

Equity LifeStyle Properties Price Performance

Shares of Equity LifeStyle Properties stock traded down $0.03 during midday trading on Friday, hitting $67.83. 867,684 shares of the company traded hands, compared to its average volume of 1,199,326. The firm’s fifty day moving average price is $63.88 and its 200-day moving average price is $64.91. The stock has a market cap of $12.65 billion, a price-to-earnings ratio of 37.07, a PEG ratio of 4.00 and a beta of 0.77. Equity LifeStyle Properties, Inc. has a 12 month low of $59.82 and a 12 month high of $74.04. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.03 and a current ratio of 0.03.

Equity LifeStyle Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were paid a dividend of $0.477 per share. The ex-dividend date was Friday, June 28th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.81%. Equity LifeStyle Properties’s payout ratio is presently 104.37%.

About Equity LifeStyle Properties

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.