Virtu Financial LLC Sells 3,876 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Virtu Financial LLC lessened its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 56.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,932 shares of the real estate investment trust’s stock after selling 3,876 shares during the period. Virtu Financial LLC’s holdings in Equity LifeStyle Properties were worth $207,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its stake in Equity LifeStyle Properties by 18.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 17,524 shares of the real estate investment trust’s stock valued at $1,116,000 after purchasing an additional 2,678 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in Equity LifeStyle Properties in the third quarter worth $332,000. Envestnet Asset Management Inc. grew its holdings in Equity LifeStyle Properties by 40.2% in the third quarter. Envestnet Asset Management Inc. now owns 319,405 shares of the real estate investment trust’s stock worth $20,349,000 after purchasing an additional 91,512 shares during the period. Aigen Investment Management LP bought a new position in shares of Equity LifeStyle Properties in the third quarter valued at $237,000. Finally, Acadian Asset Management LLC bought a new position in shares of Equity LifeStyle Properties in the third quarter valued at $172,000. Institutional investors own 97.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ELS. Barclays decreased their price objective on shares of Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating for the company in a report on Friday, April 26th. Truist Financial reduced their price objective on shares of Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating for the company in a research note on Thursday, May 2nd. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $68.85.

Equity LifeStyle Properties Trading Up 1.8 %

Shares of ELS opened at $64.34 on Friday. The firm has a market cap of $12.00 billion, a price-to-earnings ratio of 35.16, a PEG ratio of 3.63 and a beta of 0.75. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.03 and a current ratio of 0.03. 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 50 day moving average price of $62.49 and a 200-day moving average price of $65.73.

Equity LifeStyle Properties Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.97%. Equity LifeStyle Properties’s payout ratio is 104.37%.

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.