Westfield Capital Management Co. LP Has $6.45 Million Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Westfield Capital Management Co. LP raised its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,373 shares of the real estate investment trust’s stock after acquiring an additional 1,671 shares during the period. Westfield Capital Management Co. LP’s holdings in Equity LifeStyle Properties were worth $6,445,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ELS. Commonwealth Equity Services LLC increased its stake in shares of Equity LifeStyle Properties by 5.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,172 shares of the real estate investment trust’s stock valued at $266,000 after purchasing an additional 204 shares during the last quarter. NBC Securities Inc. bought a new position in shares of Equity LifeStyle Properties in the 3rd quarter valued at $252,000. Retirement Systems of Alabama bought a new position in shares of Equity LifeStyle Properties in the 3rd quarter valued at $14,818,000. Donoghue Forlines LLC increased its stake in shares of Equity LifeStyle Properties by 14.3% in the 3rd quarter. Donoghue Forlines LLC now owns 7,035 shares of the real estate investment trust’s stock valued at $448,000 after purchasing an additional 882 shares during the last quarter. Finally, AdvisorShares Investments LLC bought a new position in shares of Equity LifeStyle Properties in the 3rd quarter valued at $391,000. 97.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ELS shares. Wolfe Research upgraded Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a research note on Friday, February 9th. Barclays reduced 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. Deutsche Bank Aktiengesellschaft started coverage on Equity LifeStyle Properties in a research report on Tuesday, January 30th. They set a “hold” rating and a $64.00 price objective on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $70.00 price objective on shares of Equity LifeStyle Properties in a research report on Wednesday, January 31st. Finally, Truist Financial reduced 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, May 2nd. 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, Equity LifeStyle Properties has a consensus rating of “Hold” and a consensus target price of $68.85.

Equity LifeStyle Properties Trading Down 0.7 %

Shares of NYSE ELS traded down $0.45 during trading on Friday, reaching $61.85. The company had a trading volume of 604,024 shares, compared to its average volume of 1,267,384. The company’s fifty day moving average price is $62.94 and its 200-day moving average price is $66.66. Equity LifeStyle Properties, Inc. has a 12 month low of $59.82 and a 12 month high of $74.04. The stock has a market cap of $11.54 billion, a P/E ratio of 33.80, a PEG ratio of 3.55 and a beta of 0.70. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be given a $0.477 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.08%. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 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.