Dupont Capital Management Corp Trims Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Dupont Capital Management Corp lessened its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELSFree Report) by 2.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 153,180 shares of the real estate investment trust’s stock after selling 3,984 shares during the quarter. Dupont Capital Management Corp’s holdings in Equity LifeStyle Properties were worth $10,805,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Eagle Bay Advisors LLC bought a new stake in shares of Equity LifeStyle Properties during the 2nd quarter valued at about $30,000. Anchor Investment Management LLC bought a new stake in shares of Equity LifeStyle Properties during the 4th quarter valued at about $47,000. Brown Brothers Harriman & Co. bought a new stake in shares of Equity LifeStyle Properties during the 1st quarter valued at about $59,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of Equity LifeStyle Properties during the 3rd quarter valued at about $64,000. Finally, Second Half Financial Partners LLC bought a new stake in shares of Equity LifeStyle Properties during the 3rd quarter valued at about $66,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Price Performance

Shares of Equity LifeStyle Properties stock opened at $63.16 on Wednesday. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.35. The company has a market cap of $11.78 billion, a PE ratio of 37.60, a P/E/G ratio of 3.77 and a beta of 0.69. The business has a 50 day moving average of $66.18 and a 200 day moving average of $67.43. Equity LifeStyle Properties, Inc. has a 52 week low of $60.47 and a 52 week high of $74.04.

Equity LifeStyle Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Thursday, March 28th will be issued a dividend of $0.477 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Wednesday, March 27th. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. Equity LifeStyle Properties’s dividend payout ratio is currently 113.69%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wolfe Research upgraded Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 price target for the company in a research report on Friday, February 9th. Truist Financial dropped their target price on Equity LifeStyle Properties from $73.00 to $72.00 and set a “hold” rating for the company in a research report on Wednesday, January 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 target price on shares of Equity LifeStyle Properties in a research report on Wednesday, January 31st. Finally, Deutsche Bank Aktiengesellschaft began coverage on Equity LifeStyle Properties in a research report on Tuesday, January 30th. They issued a “hold” rating and a $64.00 target price for the company. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $70.15.

Check Out Our Latest Research Report on ELS

Equity LifeStyle Properties Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding ELS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity LifeStyle Properties, Inc. (NYSE:ELSFree Report).

Institutional Ownership by Quarter for Equity LifeStyle Properties (NYSE:ELS)

Receive News & Ratings for Equity LifeStyle Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity LifeStyle Properties and related companies with MarketBeat.com's FREE daily email newsletter.