Lasalle Investment Management Securities LLC cut its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS – Free Report) by 3.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 738,531 shares of the real estate investment trust’s stock after selling 23,440 shares during the quarter. Equity Lifestyle Properties accounts for about 1.8% of Lasalle Investment Management Securities LLC’s portfolio, making the stock its 23rd largest holding. Lasalle Investment Management Securities LLC’s holdings in Equity Lifestyle Properties were worth $46,099,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of ELS. Wiser Advisor Group LLC purchased a new stake in shares of Equity Lifestyle Properties in the 3rd quarter valued at $25,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Equity Lifestyle Properties by 943.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 453 shares during the period. Clearstead Trust LLC increased its stake in shares of Equity Lifestyle Properties by 74.8% in the fourth quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 231 shares during the period. Fulcrum Asset Management LLP purchased a new position in shares of Equity Lifestyle Properties during the third quarter worth $34,000. Finally, V Square Quantitative Management LLC purchased a new position in shares of Equity Lifestyle Properties during the fourth quarter worth $37,000. 97.21% of the stock is owned by hedge funds and other institutional investors.
Equity Lifestyle Properties Price Performance
NYSE:ELS opened at $65.53 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a market cap of $12.71 billion, a price-to-earnings ratio of 32.76, a price-to-earnings-growth ratio of 3.95 and a beta of 0.66. The company has a 50 day moving average price of $63.51 and a 200-day moving average price of $64.12. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $69.00.
Equity Lifestyle Properties Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were given a $0.5425 dividend. The ex-dividend date was Friday, June 26th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.3%. Equity Lifestyle Properties’s dividend payout ratio is 108.50%.
Analyst Ratings Changes
Several equities research analysts have commented on ELS shares. Wells Fargo & Company lowered their price target on shares of Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. Weiss Ratings upgraded Equity Lifestyle Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 2nd. Wall Street Zen raised Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Barclays reissued an “equal weight” rating and issued a $68.00 price objective on shares of Equity Lifestyle Properties in a report on Tuesday, July 14th. Finally, Truist Financial set a $67.00 target price on Equity Lifestyle Properties and gave the stock a “hold” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Equity Lifestyle Properties has a consensus rating of “Hold” and a consensus target price of $68.70.
Check Out Our Latest Stock Report on ELS
Equity Lifestyle Properties Profile
Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.
In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.
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