Wednesday, February 1, 2023
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    HomeLifestyleVestmark Advisory Solutions Inc. Acquires 2,418 Shares of Equity LifeStyle Properties, Inc....

    Vestmark Advisory Solutions Inc. Acquires 2,418 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

    Vestmark Advisory Solutions Inc. increased its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELSGet Rating) by 65.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,092 shares of the real estate investment trust’s stock after acquiring an additional 2,418 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Equity LifeStyle Properties were worth $383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

    Several other institutional investors also recently modified their holdings of the business. Barclays PLC increased its stake in shares of Equity LifeStyle Properties by 16.0% in the 3rd quarter. Barclays PLC now owns 190,212 shares of the real estate investment trust’s stock worth $11,953,000 after acquiring an additional 26,284 shares in the last quarter. Ellevest Inc. increased its stake in Equity LifeStyle Properties by 274.1% during the 3rd quarter. Ellevest Inc. now owns 1,590 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 1,165 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Equity LifeStyle Properties by 0.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 59,339 shares of the real estate investment trust’s stock valued at $3,729,000 after purchasing an additional 402 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in Equity LifeStyle Properties by 78.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 88,694 shares of the real estate investment trust’s stock valued at $5,428,000 after purchasing an additional 38,931 shares in the last quarter. Finally, Cim LLC increased its stake in Equity LifeStyle Properties by 3.8% during the 3rd quarter. Cim LLC now owns 36,387 shares of the real estate investment trust’s stock valued at $2,331,000 after purchasing an additional 1,323 shares in the last quarter. 90.65% of the stock is currently owned by institutional investors.

    Equity LifeStyle Properties Stock Performance

    Shares of NYSE ELS opened at $68.29 on Wednesday. The firm’s 50-day moving average price is $65.45 and its 200-day moving average price is $67.34. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.39. The company has a market cap of $12.71 billion, a PE ratio of 45.53, a PEG ratio of 4.68 and a beta of 0.62. Equity LifeStyle Properties, Inc. has a 52-week low of $56.91 and a 52-week high of $83.80.

    Equity LifeStyle Properties Dividend Announcement

    The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date was Thursday, December 29th. Equity LifeStyle Properties’s payout ratio is 109.33%.

    Analyst Upgrades and Downgrades

    A number of analysts have weighed in on ELS shares. Truist Financial raised their price objective on shares of Equity LifeStyle Properties from $71.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, January 17th. Evercore ISI reduced their price objective on shares of Equity LifeStyle Properties from $71.00 to $70.00 in a research note on Tuesday, September 27th. Royal Bank of Canada reduced their price objective on shares of Equity LifeStyle Properties from $71.00 to $68.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 19th. Robert W. Baird reduced their price objective on shares of Equity LifeStyle Properties from $76.00 to $68.00 in a research note on Tuesday, October 25th. Finally, Barclays dropped their price target on shares of Equity LifeStyle Properties from $92.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, October 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $74.43.

    Equity LifeStyle Properties Company Profile

    (Get Rating)

    We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 25, 2021, we own or have an interest in 423 quality properties in 33 states and British Columbia consisting of 161,229 sites.

    Read More

    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:ELSGet Rating).

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

    This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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