Azzad Asset Management Inc. ADV Grows Stock Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Azzad Asset Management Inc. ADV raised its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 5.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,287 shares of the real estate investment trust’s stock after buying an additional 647 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Equity LifeStyle Properties were worth $856,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Retirement Systems of Alabama grew its stake in Equity LifeStyle Properties by 0.4% during the 4th quarter. Retirement Systems of Alabama now owns 233,448 shares of the real estate investment trust’s stock worth $16,467,000 after purchasing an additional 863 shares in the last quarter. Cim LLC purchased a new position in Equity LifeStyle Properties in the fourth quarter worth approximately $2,586,000. Cornercap Investment Counsel Inc. purchased a new stake in shares of Equity LifeStyle Properties in the 4th quarter valued at approximately $956,000. Arizona State Retirement System raised its holdings in shares of Equity LifeStyle Properties by 0.8% in the 4th quarter. Arizona State Retirement System now owns 48,637 shares of the real estate investment trust’s stock valued at $3,431,000 after purchasing an additional 375 shares in the last quarter. Finally, Farrow Financial Inc. purchased a new stake in shares of Equity LifeStyle Properties during the 4th quarter worth $1,467,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity LifeStyle Properties Stock Performance

Shares of Equity LifeStyle Properties stock traded up $0.06 during trading on Wednesday, reaching $64.03. The company’s stock had a trading volume of 202,887 shares, compared to its average volume of 1,240,220. Equity LifeStyle Properties, Inc. has a fifty-two week low of $59.82 and a fifty-two week high of $74.04. The firm has a market cap of $11.94 billion, a PE ratio of 34.96, a P/E/G ratio of 3.74 and a beta of 0.77. The company has a 50-day moving average price of $62.87 and a two-hundred day moving average price of $65.35. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a $0.477 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Friday, June 28th. Equity LifeStyle Properties’s payout ratio is currently 104.37%.

Analyst Ratings Changes

A number of brokerages have issued reports on ELS. Truist Financial decreased their price target on Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating for the company in a report on Thursday, May 2nd. Barclays cut their price objective on shares of 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.