Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. trimmed its position in Equity LifeStyle Properties, Inc. (NYSE:ELS – Get Rating) by 3.2% in the third quarter, Holdings Channel reports. The firm owned 375,656 shares of the real estate investment trust’s stock after selling 12,472 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Equity LifeStyle Properties were worth $23,606,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Private Trust Co. NA acquired a new position in Equity LifeStyle Properties in the second quarter worth about $25,000. Wipfli Financial Advisors LLC acquired a new position in Equity LifeStyle Properties in the third quarter worth about $25,000. Better Money Decisions LLC acquired a new position in Equity LifeStyle Properties in the second quarter valued at approximately $27,000. SeaCrest Wealth Management LLC acquired a new position in Equity LifeStyle Properties in the second quarter valued at approximately $27,000. Finally, Eagle Bay Advisors LLC acquired a new position in Equity LifeStyle Properties in the second quarter valued at approximately $30,000. 90.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on ELS shares. Robert W. Baird decreased their target price on Equity LifeStyle Properties from $76.00 to $68.00 in a research note on Tuesday, October 25th. Royal Bank of Canada decreased their target price on Equity LifeStyle Properties from $71.00 to $68.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 19th. Evercore ISI decreased their target price on Equity LifeStyle Properties from $71.00 to $70.00 in a research note on Tuesday, September 27th. Truist Financial lifted their target price on Equity LifeStyle Properties from $71.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, January 17th. Finally, Barclays decreased their target price on Equity LifeStyle Properties from $92.00 to $75.00 and set an “overweight” rating for the company in a research note on Friday, October 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $74.43.

Equity LifeStyle Properties Stock Performance

Shares of NYSE ELS opened at $68.29 on Wednesday. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.39. The stock has a 50 day simple moving average of $65.45 and a 200-day simple moving average of $67.34. The company has a market cap of $12.71 billion, a PE ratio of 45.53, a P/E/G ratio of 4.68 and a beta of 0.62. Equity LifeStyle Properties, Inc. has a 12-month low of $56.91 and a 12-month high of $83.80.

Equity LifeStyle Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were issued a dividend of $0.41 per share. The ex-dividend date was Thursday, December 29th. This represents a $1.64 annualized dividend and a yield of 2.40%. Equity LifeStyle Properties’s payout ratio is 109.33%.

Equity LifeStyle Properties Company Profile

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We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 25, 2021, we own or have an interest in 423 quality properties in 33 states and British Columbia consisting of 161,229 sites.