Desjardins Global Asset Management Inc. Has $114,000 Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Desjardins Global Asset Management Inc. boosted its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 42.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,620 shares of the real estate investment trust’s stock after buying an additional 484 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Equity LifeStyle Properties were worth $114,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Eagle Bay Advisors LLC acquired a new position in Equity LifeStyle Properties during the 2nd quarter worth about $30,000. Anchor Investment Management LLC acquired a new position in shares of Equity LifeStyle Properties in the 4th quarter valued at about $47,000. Brown Brothers Harriman & Co. acquired a new position in shares of Equity LifeStyle Properties in the 1st quarter valued at about $59,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Equity LifeStyle Properties in the 3rd quarter valued at about $64,000. Finally, Second Half Financial Partners LLC acquired a new position in shares of Equity LifeStyle Properties in the 3rd quarter valued at about $66,000. 97.21% of the stock is owned by institutional investors and hedge funds.

Equity LifeStyle Properties Stock Performance

Shares of Equity LifeStyle Properties stock opened at $62.74 on Friday. Equity LifeStyle Properties, Inc. has a one year low of $60.47 and a one year high of $74.04. The firm has a market capitalization of $11.70 billion, a price-to-earnings ratio of 37.35, a PEG ratio of 3.71 and a beta of 0.69. The business has a 50-day simple moving average of $64.93 and a 200 day simple moving average of $67.12. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.03 and a quick ratio of 0.03.

Equity LifeStyle Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.477 per share. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. This represents a $1.91 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend was Wednesday, March 27th. Equity LifeStyle Properties’s payout ratio is currently 113.69%.

Wall Street Analysts Forecast Growth

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

About Equity LifeStyle Properties

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.