Stephens Inc. AR lowered its position in Equity LifeStyle Properties, Inc. (NYSE:ELS – Get Rating) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,914 shares of the real estate investment trust’s stock after selling 246 shares during the period. Stephens Inc. AR’s holdings in Equity LifeStyle Properties were worth $317,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in ELS. Private Trust Co. NA purchased a new stake in shares of Equity LifeStyle Properties in the second quarter valued at about $25,000. Wipfli Financial Advisors LLC purchased a new stake in shares of Equity LifeStyle Properties in the third quarter valued at about $25,000. Eagle Bay Advisors LLC purchased a new stake in shares of Equity LifeStyle Properties in the second quarter valued at about $30,000. Exos TFP Holdings LLC purchased a new stake in shares of Equity LifeStyle Properties in the third quarter valued at about $33,000. Finally, Ronald Blue Trust Inc. increased its holdings in Equity LifeStyle Properties by 3,668.8% during the fourth quarter. Ronald Blue Trust Inc. now owns 603 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 587 shares during the last quarter. Hedge funds and other institutional investors own 90.65% of the company’s stock.
Equity LifeStyle Properties Price Performance
ELS opened at $67.04 on Friday. The company has a market capitalization of $12.48 billion, a price-to-earnings ratio of 43.82, a PEG ratio of 4.97 and a beta of 0.67. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $68.13 and a 200-day moving average price of $65.67. Equity LifeStyle Properties, Inc. has a twelve month low of $56.91 and a twelve month high of $83.80.
Equity LifeStyle Properties Increases Dividend
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on ELS. Robert W. Baird raised their price objective on shares of Equity LifeStyle Properties from $68.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, February 1st. Wells Fargo & Company began coverage on shares of Equity LifeStyle Properties in a report on Wednesday, March 29th. They set an “overweight” rating and a $75.50 price objective for the company. StockNews.com began coverage on shares of Equity LifeStyle Properties in a report on Thursday, March 16th. They set a “hold” rating for the company. Citigroup raised their price objective on shares of Equity LifeStyle Properties from $62.00 to $74.00 and gave the stock a “neutral” rating in a report on Friday, February 3rd. Finally, Truist Financial raised their price objective on shares of Equity LifeStyle Properties from $71.00 to $73.00 and gave the stock a “buy” rating in a report on Tuesday, January 17th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Equity LifeStyle Properties currently has a consensus rating of “Hold” and an average target price of $76.06.
About Equity LifeStyle Properties
Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.
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