Commerzbank Aktiengesellschaft FI Invests $216,000 in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Commerzbank Aktiengesellschaft FI bought a new stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 3,052 shares of the real estate investment trust’s stock, valued at approximately $216,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Equity LifeStyle Properties by 1.9% in the third quarter. Vanguard Group Inc. now owns 24,909,450 shares of the real estate investment trust’s stock worth $1,586,981,000 after purchasing an additional 472,855 shares during the period. Aristotle Capital Management LLC increased its stake in shares of Equity LifeStyle Properties by 17.1% in the third quarter. Aristotle Capital Management LLC now owns 11,536,605 shares of the real estate investment trust’s stock worth $734,997,000 after purchasing an additional 1,681,198 shares during the period. Chai Trust Co. LLC increased its stake in shares of Equity LifeStyle Properties by 1.1% in the third quarter. Chai Trust Co. LLC now owns 9,055,685 shares of the real estate investment trust’s stock worth $576,938,000 after purchasing an additional 102,696 shares during the period. Victory Capital Management Inc. increased its stake in shares of Equity LifeStyle Properties by 0.8% in the third quarter. Victory Capital Management Inc. now owns 5,770,822 shares of the real estate investment trust’s stock worth $367,659,000 after purchasing an additional 46,943 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Equity LifeStyle Properties by 3.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,333,554 shares of the real estate investment trust’s stock worth $148,671,000 after purchasing an additional 67,508 shares during the period. 97.21% of the stock is currently owned by institutional investors.

Equity LifeStyle Properties Stock Down 0.0 %

NYSE ELS opened at $62.70 on Tuesday. Equity LifeStyle Properties, Inc. has a 1-year low of $60.47 and a 1-year high of $74.04. The stock’s 50 day moving average is $64.83 and its two-hundred day moving average is $67.18. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $11.69 billion, a price-to-earnings ratio of 37.32, a PEG ratio of 3.73 and a beta of 0.69.

Equity LifeStyle Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were paid a $0.477 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.04%. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. Equity LifeStyle Properties’s payout ratio is 113.69%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ELS shares. 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. Royal Bank of Canada reissued 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. Truist Financial decreased their target price on Equity LifeStyle Properties from $73.00 to $72.00 and set a “hold” rating on the stock in a research report on Wednesday, January 24th. Finally, Wolfe Research raised Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a research report on Friday, February 9th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Equity LifeStyle Properties has an average rating of “Hold” and a consensus target price of $70.15.

Equity LifeStyle Properties Profile

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.