Bahl & Gaynor Inc. Has $11.02 Million Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Bahl & Gaynor Inc. boosted its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 156,254 shares of the real estate investment trust’s stock after buying an additional 3,802 shares during the quarter. Bahl & Gaynor Inc. owned approximately 0.08% of Equity LifeStyle Properties worth $11,022,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Equity LifeStyle Properties in the 4th quarter valued at about $35,000. GAMMA Investing LLC acquired a new position in shares of Equity LifeStyle Properties in the 4th quarter valued at about $44,000. Lindbrook Capital LLC lifted its stake in shares of Equity LifeStyle Properties by 40.5% in the 4th 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 during the period. Anchor Investment Management LLC acquired a new position in shares of Equity LifeStyle Properties in the 4th quarter valued at about $47,000. Finally, Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Equity LifeStyle Properties in the 3rd quarter valued at about $64,000. 97.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ELS. Barclays dropped their price objective on Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft started coverage on Equity LifeStyle Properties in a research note on Tuesday, January 30th. They set a “hold” rating and a $64.00 price target on the stock. Wolfe Research raised Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a research note on Friday, February 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $70.00 price target on shares of Equity LifeStyle Properties in a research note on Wednesday, January 31st. Finally, Truist Financial dropped their price target on Equity LifeStyle Properties from $73.00 to $72.00 and set a “hold” rating on the stock in a research note on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $69.55.

Equity LifeStyle Properties Stock Down 0.4 %

ELS traded down $0.23 during midday trading on Friday, reaching $60.52. 1,117,333 shares of the company were exchanged, compared to its average volume of 1,250,911. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.03 and a current ratio of 0.03. The company’s fifty day moving average price is $64.53 and its 200 day moving average price is $67.08. The company has a market cap of $11.29 billion, a price-to-earnings ratio of 33.07, a price-to-earnings-growth ratio of 4.04 and a beta of 0.69. Equity LifeStyle Properties, Inc. has a one year low of $60.47 and a one year high of $74.04.

Equity LifeStyle Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.477 per share. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. This represents a $1.91 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend was Wednesday, March 27th. Equity LifeStyle Properties’s payout ratio is currently 104.37%.

Equity LifeStyle Properties 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.