Short Interest in Equity LifeStyle Properties, Inc. (NYSE:ELS) Expands By 7.9%

Equity LifeStyle Properties, Inc. (NYSE:ELS) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 3,290,000 shares, a growth of 7.9% from the May 31st total of 3,050,000 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average daily trading volume, of 1,280,000 shares, the short-interest ratio is presently 2.6 days.

Institutional Investors Weigh In On Equity LifeStyle Properties

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Equity LifeStyle Properties by 1.0% in the first quarter. Vanguard Group Inc. now owns 25,069,389 shares of the real estate investment trust’s stock valued at $1,614,469,000 after purchasing an additional 240,853 shares during the period. Chai Trust Co. LLC grew its holdings in Equity LifeStyle Properties by 1.1% during the 3rd quarter. Chai Trust Co. LLC now owns 9,055,685 shares of the real estate investment trust’s stock worth $576,938,000 after acquiring an additional 102,696 shares in the last quarter. Norges Bank bought a new stake in shares of Equity LifeStyle Properties in the 4th quarter worth about $455,623,000. Boston Partners raised its stake in shares of Equity LifeStyle Properties by 4.2% in the 1st quarter. Boston Partners now owns 2,842,566 shares of the real estate investment trust’s stock valued at $183,035,000 after purchasing an additional 113,891 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Equity LifeStyle Properties by 17.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,743,596 shares of the real estate investment trust’s stock worth $193,533,000 after purchasing an additional 410,042 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Truist Financial dropped their price target on Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating on the stock in a research report on Thursday, May 2nd. Barclays dropped their price target 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 investment 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 presently has a consensus rating of “Hold” and a consensus target price of $68.85.

Equity LifeStyle Properties Trading Down 0.6 %

NYSE:ELS opened at $63.61 on Thursday. Equity LifeStyle Properties has a 52-week low of $59.82 and a 52-week high of $74.04. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of $62.91 and a 200-day simple moving average of $65.34. The company has a market capitalization of $11.86 billion, a PE ratio of 34.76, a price-to-earnings-growth ratio of 3.67 and a beta of 0.77.

Equity LifeStyle Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a $0.477 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.91 annualized dividend and a dividend yield of 3.00%. Equity LifeStyle Properties’s dividend payout ratio is presently 104.37%.

Equity LifeStyle Properties Company 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.