Equity LifeStyle Properties, Inc. (NYSE:ELS) Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC lessened its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 8.9% in the 1st quarter, Holdings Channel reports. The firm owned 571,437 shares of the real estate investment trust’s stock after selling 55,806 shares during the period. William Blair Investment Management LLC’s holdings in Equity LifeStyle Properties were worth $36,801,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Retirement Systems of Alabama increased its holdings in Equity LifeStyle Properties by 0.4% in the 4th quarter. Retirement Systems of Alabama now owns 233,448 shares of the real estate investment trust’s stock valued at $16,467,000 after purchasing an additional 863 shares during the last quarter. Cim LLC purchased a new position in Equity LifeStyle Properties in the 4th quarter valued at approximately $2,586,000. Cornercap Investment Counsel Inc. purchased a new position in Equity LifeStyle Properties in the 4th quarter valued at approximately $956,000. Arizona State Retirement System boosted its position in Equity LifeStyle Properties by 0.8% in the 4th quarter. Arizona State Retirement System now owns 48,637 shares of the real estate investment trust’s stock valued at $3,431,000 after buying an additional 375 shares during the period. Finally, Farrow Financial Inc. purchased a new position in Equity LifeStyle Properties in the 4th quarter valued at approximately $1,467,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ELS shares. Truist Financial decreased their price target on shares of Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating for the company in a research report on Thursday, May 2nd. Barclays dropped their price objective on shares of Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating on the stock in a research note on Friday, April 26th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $68.85.

Equity LifeStyle Properties Stock Performance

Shares of Equity LifeStyle Properties stock traded up $1.00 on Wednesday, reaching $68.97. 1,079,817 shares of the stock were exchanged, compared to its average volume of 1,228,374. Equity LifeStyle Properties, Inc. has a 1-year low of $59.82 and a 1-year high of $74.04. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.33. The business has a fifty day moving average price of $63.68 and a two-hundred day moving average price of $64.95. The firm has a market capitalization of $12.86 billion, a PE ratio of 37.69, a PEG ratio of 3.96 and a beta of 0.77.

Equity LifeStyle Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were given a dividend of $0.477 per share. The ex-dividend date was Friday, June 28th. This represents a $1.91 annualized dividend and a yield of 2.77%. Equity LifeStyle Properties’s 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.