Texas Permanent School Fund Corp Increases Stake in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Texas Permanent School Fund Corp lifted its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 1.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,158 shares of the real estate investment trust’s stock after acquiring an additional 2,162 shares during the period. Texas Permanent School Fund Corp’s holdings in Equity LifeStyle Properties were worth $10,507,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Mather Group LLC. purchased a new position in Equity LifeStyle Properties in the first quarter valued at approximately $25,000. Rise Advisors LLC purchased a new position in Equity LifeStyle Properties in the first quarter valued at approximately $27,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Equity LifeStyle Properties in the fourth quarter valued at approximately $35,000. Headlands Technologies LLC raised its holdings 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 valued at $44,000 after buying an additional 368 shares during the period. Finally, GAMMA Investing LLC purchased a new stake in shares of Equity LifeStyle Properties during the fourth quarter valued at approximately $44,000. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on ELS. Truist Financial dropped their price objective on shares of Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating on the stock in a research note on Thursday, May 2nd. 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. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Equity LifeStyle Properties currently has an average rating of “Hold” and a consensus target price of $68.85.

Equity LifeStyle Properties Stock Up 0.2 %

Shares of ELS stock traded up $0.15 during mid-day trading on Friday, reaching $66.32. 11,396 shares of the company were exchanged, compared to its average volume of 1,226,834. Equity LifeStyle Properties, Inc. has a fifty-two week low of $59.82 and a fifty-two week high of $74.04. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.03 and a current ratio of 0.03. The company has a market capitalization of $12.37 billion, a P/E ratio of 36.33, a P/E/G ratio of 3.70 and a beta of 0.77. The business’s 50 day simple moving average is $63.31 and its 200 day simple moving average is $65.09.

Equity LifeStyle Properties Dividend Announcement

The business 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 dividend of $0.477 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Friday, June 28th. Equity LifeStyle Properties’s payout ratio is currently 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.