Seven Post Investment Office LP Has $12.95 Million Stock Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Seven Post Investment Office LP lifted its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 183,520 shares of the real estate investment trust’s stock after purchasing an additional 1,262 shares during the period. Equity LifeStyle Properties comprises about 3.3% of Seven Post Investment Office LP’s investment portfolio, making the stock its 7th largest position. Seven Post Investment Office LP owned 0.10% of Equity LifeStyle Properties worth $12,946,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ELS shares. Truist Financial dropped their price objective on Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating on the stock in a research report on Thursday. Wolfe Research upgraded shares of Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 price objective for the company in a research note on Friday, February 9th. Barclays lowered their target price on shares of Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating for the company in a research note on Friday, April 26th. Deutsche Bank Aktiengesellschaft assumed coverage on Equity LifeStyle Properties in a research report on Tuesday, January 30th. They set a “hold” rating and a $64.00 price target on the stock. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $70.00 price objective on shares of Equity LifeStyle Properties in a report on Wednesday, January 31st. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Equity LifeStyle Properties presently has a consensus rating of “Hold” and a consensus price target of $68.85.

Equity LifeStyle Properties Price Performance

Shares of Equity LifeStyle Properties stock traded up $0.17 during mid-day trading on Friday, reaching $63.33. 1,451,517 shares of the stock traded hands, compared to its average volume of 1,537,669. The stock has a market capitalization of $11.81 billion, a PE ratio of 34.61, a PEG ratio of 3.73 and a beta of 0.70. The business has a 50-day moving average of $63.91 and a 200 day moving average of $66.94. Equity LifeStyle Properties, Inc. has a fifty-two week low of $59.82 and a fifty-two week high of $74.04. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.33.

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 issued a dividend of $0.477 per share. This represents a $1.91 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Friday, June 28th. Equity LifeStyle Properties’s dividend payout ratio is currently 104.37%.

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.