State of Alaska Department of Revenue Raises Stock Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

State of Alaska Department of Revenue lifted its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 0.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,451 shares of the real estate investment trust’s stock after purchasing an additional 299 shares during the quarter. State of Alaska Department of Revenue owned 0.07% of Equity LifeStyle Properties worth $8,142,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mather Group LLC. purchased a new position in shares of Equity LifeStyle Properties during the first quarter worth about $25,000. Rise Advisors LLC purchased a new stake in Equity LifeStyle Properties in the first quarter worth approximately $27,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Equity LifeStyle Properties in the fourth quarter worth approximately $35,000. Headlands Technologies LLC boosted its stake in Equity LifeStyle Properties by 143.8% in the fourth quarter. Headlands Technologies LLC now owns 624 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 368 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its stake in Equity LifeStyle Properties by 40.5% in the fourth quarter. Lindbrook Capital LLC now owns 631 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Trading Down 0.6 %

Shares of NYSE:ELS traded down $0.36 during trading on Wednesday, reaching $63.61. 562,655 shares of the company traded hands, compared to its average volume of 1,243,052. The firm has a market capitalization of $11.86 billion, a price-to-earnings ratio of 34.75, a P/E/G ratio of 3.74 and a beta of 0.77. Equity LifeStyle Properties, Inc. has a 52-week low of $59.82 and a 52-week high of $74.04. 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 business’s fifty day moving average is $62.87 and its 200-day moving average is $65.35.

Equity LifeStyle Properties Announces Dividend

The firm also recently announced 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. 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 3.00%. Equity LifeStyle Properties’s dividend payout ratio is presently 104.37%.

Analyst Ratings Changes

ELS has been the subject of several research reports. Barclays cut their target price on Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating for the company in a research note on Friday, April 26th. Truist Financial cut their target price on 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Equity LifeStyle Properties has a consensus 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.