Equity LifeStyle Properties, Inc. (NYSE:ELS) Stock Holdings Lifted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its position in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 8.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,981 shares of the real estate investment trust’s stock after acquiring an additional 1,457 shares during the period. PNC Financial Services Group Inc.’s holdings in Equity LifeStyle Properties were worth $1,339,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in ELS. Tiemann Investment Advisors LLC increased its stake in Equity LifeStyle Properties by 1.4% in the 3rd quarter. Tiemann Investment Advisors LLC now owns 11,211 shares of the real estate investment trust’s stock valued at $714,000 after buying an additional 155 shares during the period. Wellington Management Group LLP increased its stake in Equity LifeStyle Properties by 0.3% in the 4th quarter. Wellington Management Group LLP now owns 59,874 shares of the real estate investment trust’s stock valued at $4,224,000 after buying an additional 155 shares during the period. Donoghue Forlines LLC increased its stake in Equity LifeStyle Properties by 2.3% in the 4th quarter. Donoghue Forlines LLC now owns 7,195 shares of the real estate investment trust’s stock valued at $508,000 after buying an additional 160 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its stake in Equity LifeStyle Properties by 4.7% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,920 shares of the real estate investment trust’s stock valued at $277,000 after buying an additional 177 shares during the period. Finally, Lindbrook Capital LLC increased its stake in Equity LifeStyle Properties by 40.5% in 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. 97.21% of the stock is owned by hedge funds and other institutional investors.

Equity LifeStyle Properties Price Performance

NYSE ELS opened at $64.34 on Friday. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.33. The company has a fifty day simple moving average of $62.49 and a 200 day simple moving average of $65.73. The company has a market cap of $12.00 billion, a P/E ratio of 35.16, a P/E/G ratio of 3.63 and a beta of 0.75. Equity LifeStyle Properties, Inc. has a 1 year low of $59.82 and a 1 year high of $74.04.

Equity LifeStyle Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a dividend of $0.477 per share. This represents a $1.91 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Friday, June 28th. Equity LifeStyle Properties’s dividend payout ratio is currently 104.37%.

Analysts Set New Price Targets

Several research firms have weighed in on ELS. Barclays dropped 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. Truist Financial decreased their target price on shares of Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating for the company in a research report on Thursday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average 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.