Charles Schwab Investment Management Inc. Purchases 61,126 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Charles Schwab Investment Management Inc. lifted its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 2.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,293,701 shares of the real estate investment trust’s stock after purchasing an additional 61,126 shares during the period. Charles Schwab Investment Management Inc. owned about 1.23% of Equity LifeStyle Properties worth $161,798,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ELS. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Equity LifeStyle Properties during the 4th quarter worth $35,000. Headlands Technologies LLC grew its holdings in Equity LifeStyle Properties by 143.8% during the fourth quarter. Headlands Technologies LLC now owns 624 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 368 shares during the period. GAMMA Investing LLC purchased a new stake in Equity LifeStyle Properties in the fourth quarter worth about $44,000. Lindbrook Capital LLC lifted its position in shares of Equity LifeStyle Properties by 40.5% during the 4th quarter. Lindbrook Capital LLC now owns 631 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 182 shares in the last quarter. Finally, Anchor Investment Management LLC purchased a new position in Equity LifeStyle Properties during the fourth quarter valued at approximately $47,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Wall Street Analysts Forecast Growth

ELS has been the subject of a number of recent analyst reports. Truist Financial dropped their price objective on Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating for the company in a research note on Thursday, May 2nd. Wolfe Research raised 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 note on Friday, February 9th. Barclays decreased their price objective on Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating on the stock in a report on Friday, April 26th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Equity LifeStyle Properties in a research report on Tuesday, January 30th. They set a “hold” rating and a $64.00 price objective for the company. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $70.00 target price on shares of Equity LifeStyle Properties in a research report on Wednesday, January 31st. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Equity LifeStyle Properties presently has an average rating of “Hold” and a consensus target price of $68.85.

Equity LifeStyle Properties Stock Up 0.5 %

Shares of NYSE ELS opened at $63.04 on Friday. Equity LifeStyle Properties, Inc. has a 1 year low of $59.82 and a 1 year high of $74.04. The firm has a 50-day simple moving average of $63.63 and a two-hundred day simple moving average of $66.85. The company has a market cap of $11.76 billion, a P/E ratio of 34.45, a PEG ratio of 3.73 and a beta of 0.70. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.03 and a quick ratio of 0.03.

Equity LifeStyle Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be paid a dividend of $0.477 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Friday, June 28th. Equity LifeStyle Properties’s dividend payout ratio is currently 104.37%.

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.