9,668 Shares in Equity LifeStyle Properties, Inc. (NYSE:ELS) Bought by Everpar Advisors LLC

Everpar Advisors LLC acquired a new stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,668 shares of the real estate investment trust’s stock, valued at approximately $682,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Retirement Systems of Alabama boosted its holdings in Equity LifeStyle Properties by 0.4% in the fourth quarter. Retirement Systems of Alabama now owns 233,448 shares of the real estate investment trust’s stock valued at $16,467,000 after purchasing an additional 863 shares in the last quarter. Cornercap Investment Counsel Inc. purchased a new stake in Equity LifeStyle Properties in the fourth quarter valued at $956,000. Arizona State Retirement System boosted its stake in Equity LifeStyle Properties by 0.8% in the fourth quarter. Arizona State Retirement System now owns 48,637 shares of the real estate investment trust’s stock valued at $3,431,000 after acquiring an additional 375 shares in the last quarter. State of Michigan Retirement System grew its holdings in shares of Equity LifeStyle Properties by 0.4% during the fourth quarter. State of Michigan Retirement System now owns 44,700 shares of the real estate investment trust’s stock worth $3,153,000 after purchasing an additional 200 shares during the last quarter. Finally, Duality Advisers LP acquired a new stake in shares of Equity LifeStyle Properties during the third quarter worth about $384,000. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Equity LifeStyle Properties Price Performance

NYSE:ELS traded down $0.06 during mid-day trading on Tuesday, reaching $63.03. 1,684,304 shares of the stock were exchanged, compared to its average volume of 1,268,936. Equity LifeStyle Properties, Inc. has a 1-year low of $59.82 and a 1-year high of $74.04. The firm has a market capitalization of $11.76 billion, a PE ratio of 34.44, a PEG ratio of 3.73 and a beta of 0.70. The business has a fifty day moving average price of $63.78 and a 200 day moving average price of $66.91. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.33.

Equity LifeStyle Properties Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, June 28th. This represents a $1.91 annualized dividend and a yield of 3.03%. Equity LifeStyle Properties’s payout ratio is presently 104.37%.

Wall Street Analysts Forecast Growth

ELS has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on Equity LifeStyle Properties in a research report on Tuesday, January 30th. They set a “hold” rating and a $64.00 price target on the stock. Wolfe Research upgraded shares of 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $70.00 price objective on shares of Equity LifeStyle Properties in a report on Wednesday, January 31st. Truist Financial decreased their price objective on shares of Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating on the stock in a report on Thursday, May 2nd. Finally, Barclays lowered their price target on Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating on the stock in a report on Friday, April 26th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $68.85.

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.