Marshall Financial Group LLC Buys 1,340 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Marshall Financial Group LLC grew its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 10.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,303 shares of the real estate investment trust’s stock after acquiring an additional 1,340 shares during the period. Marshall Financial Group LLC’s holdings in Equity LifeStyle Properties were worth $921,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ELS. Norges Bank bought a new position in Equity LifeStyle Properties during the fourth quarter worth about $455,623,000. Boston Partners grew its holdings in Equity LifeStyle Properties by 122.4% during the fourth quarter. Boston Partners now owns 2,728,675 shares of the real estate investment trust’s stock worth $192,469,000 after purchasing an additional 1,501,692 shares during the period. Vanguard Group Inc. grew its holdings in Equity LifeStyle Properties by 1.9% during the third quarter. Vanguard Group Inc. now owns 24,909,450 shares of the real estate investment trust’s stock worth $1,586,981,000 after purchasing an additional 472,855 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in 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 period. Finally, Clearbridge Investments LLC grew its holdings in Equity LifeStyle Properties by 278.4% during the fourth quarter. Clearbridge Investments LLC now owns 330,109 shares of the real estate investment trust’s stock worth $23,286,000 after purchasing an additional 242,865 shares during the period. Institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Stock Down 0.6 %

NYSE ELS opened at $63.60 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. Equity LifeStyle Properties, Inc. has a 1-year low of $59.82 and a 1-year high of $74.04. The company has a 50 day moving average of $62.97 and a 200-day moving average of $65.32. The company has a market cap of $11.86 billion, a price-to-earnings ratio of 34.75, a PEG ratio of 3.65 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 is Friday, June 28th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.00%. Equity LifeStyle Properties’s payout ratio is 104.37%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Barclays reduced their price target on 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 Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating for the company in a report on Thursday, May 2nd. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Equity LifeStyle Properties presently has an average rating of “Hold” and an average price target 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.