Asset Management One Co. Ltd. Trims Stake in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Asset Management One Co. Ltd. lessened its position in Equity LifeStyle Properties, Inc. (NYSE:ELSGet Rating) by 3.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. 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. owned approximately 0.20% of Equity LifeStyle Properties worth $23,606,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pendal Group Ltd acquired a new position in Equity LifeStyle Properties during the 2nd quarter worth $345,000. Partners Group Holding AG grew its stake in Equity LifeStyle Properties by 35.5% during the 2nd quarter. Partners Group Holding AG now owns 58,337 shares of the real estate investment trust’s stock worth $4,111,000 after purchasing an additional 15,273 shares in the last quarter. Delphia USA Inc. grew its stake in Equity LifeStyle Properties by 10.2% during the 2nd quarter. Delphia USA Inc. now owns 2,928 shares of the real estate investment trust’s stock worth $206,000 after purchasing an additional 270 shares in the last quarter. Walleye Trading LLC acquired a new position in shares of Equity LifeStyle Properties during the 2nd quarter worth about $1,219,000. Finally, NewEdge Wealth LLC acquired a new position in shares of Equity LifeStyle Properties during the 2nd quarter worth about $353,000. Hedge funds and other institutional investors own 90.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ELS. Robert W. Baird lowered their price objective on Equity LifeStyle Properties from $76.00 to $68.00 in a research report on Tuesday, October 25th. Barclays reduced their price objective 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. Royal Bank of Canada reduced their price objective 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 reduced their price objective on Equity LifeStyle Properties from $71.00 to $70.00 in a research note on Tuesday, September 27th. Finally, StockNews.com downgraded Equity LifeStyle Properties from a “hold” rating to a “sell” rating in a research note on Monday. One equities research 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 MarketBeat.com, Equity LifeStyle Properties presently has a consensus rating of “Hold” and a consensus target price of $74.43.

Equity LifeStyle Properties Stock Performance

NYSE ELS opened at $68.29 on Wednesday. Equity LifeStyle Properties, Inc. has a 1-year low of $56.91 and a 1-year high of $83.80. The company has a market capitalization of $12.71 billion, a P/E ratio of 45.53, a PEG ratio of 4.68 and a beta of 0.62. The business has a 50 day moving average price of $65.45 and a 200 day moving average price of $67.34. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.03 and a quick ratio of 0.03.

Equity LifeStyle Properties Dividend Announcement

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

Equity LifeStyle Properties Company Profile

(Get Rating)

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.

Further Reading

Institutional Ownership by Quarter for Equity LifeStyle Properties (NYSE:ELS)

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