Equity LifeStyle Properties (NYSE:ELS) Price Target Lowered to $65.00 at Truist Financial

Equity LifeStyle Properties (NYSE:ELS) had its price objective trimmed by Truist Financial from $72.00 to $65.00 in a report released on Thursday morning, Benzinga reports. The firm currently has a hold rating on the real estate investment trust’s stock.

ELS has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Equity LifeStyle Properties in a report on Tuesday, January 30th. They issued a hold rating and a $64.00 price target on the stock. Wolfe Research raised shares of 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 report on Friday, February 9th. Barclays cut their price objective on Equity LifeStyle Properties from $78.00 to $72.00 and set an overweight rating on the stock in a research report on Friday, April 26th. Finally, Royal Bank of Canada reaffirmed a sector perform rating and issued 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $68.85.

Equity LifeStyle Properties Trading Up 0.3 %

ELS stock traded up $0.17 during trading on Thursday, reaching $63.33. 1,451,517 shares of the stock traded hands, compared to its average volume of 1,537,669. The firm has a market capitalization of $11.81 billion, a PE ratio of 34.61, a P/E/G ratio of 3.72 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. The business’s 50 day moving average price is $63.91 and its 200-day moving average price is $66.95. Equity LifeStyle Properties has a 52-week low of $59.82 and a 52-week high of $74.04.

Equity LifeStyle Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a $0.477 dividend. This represents a $1.91 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Friday, June 28th. Equity LifeStyle Properties’s payout ratio is currently 104.37%.

Hedge Funds Weigh In On Equity LifeStyle Properties

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Equity LifeStyle Properties by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 24,909,450 shares of the real estate investment trust’s stock worth $1,586,981,000 after buying an additional 472,855 shares during the last quarter. Aristotle Capital Management LLC raised its position in shares of Equity LifeStyle Properties by 17.1% during the 3rd quarter. Aristotle Capital Management LLC now owns 11,536,605 shares of the real estate investment trust’s stock valued at $734,997,000 after acquiring an additional 1,681,198 shares in the last quarter. Chai Trust Co. LLC raised its position in shares of Equity LifeStyle Properties by 1.1% during the 3rd quarter. Chai Trust Co. LLC now owns 9,055,685 shares of the real estate investment trust’s stock valued at $576,938,000 after acquiring an additional 102,696 shares in the last quarter. Norges Bank bought a new position in Equity LifeStyle Properties during the fourth quarter worth $455,623,000. Finally, Victory Capital Management Inc. boosted its holdings in 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. Institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Company 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.