Teachers Retirement System of The State of Kentucky Sells 3,000 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Teachers Retirement System of The State of Kentucky lowered its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,172 shares of the real estate investment trust’s stock after selling 3,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Equity LifeStyle Properties were worth $4,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of ELS. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Equity LifeStyle Properties in the fourth quarter worth approximately $35,000. Headlands Technologies LLC grew its position in 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 worth $44,000 after purchasing an additional 368 shares during the period. GAMMA Investing LLC purchased a new stake in Equity LifeStyle Properties during the 4th quarter valued at $44,000. Lindbrook Capital LLC lifted its holdings in shares of Equity LifeStyle Properties by 40.5% during the 4th quarter. Lindbrook Capital LLC now owns 631 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 182 shares during the period. Finally, Anchor Investment Management LLC purchased a new position in shares of Equity LifeStyle Properties in the 4th quarter worth $47,000. 97.21% of the stock is currently owned by institutional investors.

Equity LifeStyle Properties Price Performance

NYSE ELS opened at $62.36 on Tuesday. 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, Inc. has a 12 month low of $59.82 and a 12 month high of $74.04. The stock has a market cap of $11.63 billion, a price-to-earnings ratio of 34.08, a PEG ratio of 3.60 and a beta of 0.75. The company’s 50 day moving average is $62.40 and its two-hundred day moving average is $65.93.

Equity LifeStyle Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a dividend of $0.477 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.91 annualized dividend and a dividend yield of 3.06%. Equity LifeStyle Properties’s payout ratio is 104.37%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ELS. Truist Financial lowered their target price 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 lowered 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 research note 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $68.85.

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.