Inspire Investing LLC Buys 3,690 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Inspire Investing LLC lifted its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 15.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,886 shares of the real estate investment trust’s stock after acquiring an additional 3,690 shares during the period. Inspire Investing LLC’s holdings in Equity LifeStyle Properties were worth $1,796,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ELS. Mather Group LLC. bought a new position in shares of Equity LifeStyle Properties in the first quarter worth $25,000. Rise Advisors LLC purchased a new position in shares of Equity LifeStyle Properties in the first quarter worth about $27,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Equity LifeStyle Properties in the 4th quarter valued at about $35,000. Headlands Technologies LLC lifted its stake in shares of Equity LifeStyle Properties by 143.8% in the 4th quarter. Headlands Technologies LLC now owns 624 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 368 shares during the last quarter. Finally, GAMMA Investing LLC bought a new stake in shares of Equity LifeStyle Properties in the 4th quarter valued at about $44,000. 97.21% of the stock is owned by institutional investors.

Equity LifeStyle Properties Stock Up 1.3 %

Shares of Equity LifeStyle Properties stock traded up $0.84 during midday trading on Tuesday, hitting $67.90. The company had a trading volume of 176,429 shares, compared to its average volume of 1,224,451. 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 stock has a market capitalization of $12.66 billion, a P/E ratio of 36.92, a P/E/G ratio of 3.93 and a beta of 0.77. The company has a 50 day moving average of $63.46 and a 200 day moving average of $64.94. Equity LifeStyle Properties, Inc. has a 52-week low of $59.82 and a 52-week high of $74.04.

Equity LifeStyle Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were given a $0.477 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.91 annualized dividend and a yield of 2.81%. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 104.37%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ELS. Truist Financial reduced their price target on Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating on the stock in a report on Thursday, May 2nd. Barclays reduced their price target on 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.