Virtu Financial LLC Reduces Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Virtu Financial LLC trimmed its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 56.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,932 shares of the real estate investment trust’s stock after selling 3,876 shares during the quarter. Virtu Financial LLC’s holdings in Equity LifeStyle Properties were worth $207,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ELS. PNC Financial Services Group Inc. boosted its stake in Equity LifeStyle Properties by 18.0% during the third quarter. PNC Financial Services Group Inc. now owns 17,524 shares of the real estate investment trust’s stock worth $1,116,000 after buying an additional 2,678 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in Equity LifeStyle Properties during the third quarter worth $332,000. Envestnet Asset Management Inc. boosted its stake in shares of Equity LifeStyle Properties by 40.2% during the third quarter. Envestnet Asset Management Inc. now owns 319,405 shares of the real estate investment trust’s stock valued at $20,349,000 after purchasing an additional 91,512 shares during the period. Aigen Investment Management LP purchased a new stake in shares of Equity LifeStyle Properties during the third quarter valued at $237,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Equity LifeStyle Properties during the third quarter valued at $172,000. 97.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ELS shares. Truist Financial lowered their target price on shares of Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating for the company in a research note on Thursday, May 2nd. Barclays lowered their price objective 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. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Equity LifeStyle Properties has an average rating of “Hold” and an average price target of $68.85.

Equity LifeStyle Properties Stock Performance

Shares of Equity LifeStyle Properties stock opened at $64.34 on Friday. The company has a market capitalization of $12.00 billion, a PE ratio of 35.16, a P/E/G ratio of 3.63 and a beta of 0.75. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.03 and a current ratio of 0.03. The company has a 50-day simple moving average of $62.49 and a two-hundred day simple moving average of $65.73. Equity LifeStyle Properties, Inc. has a one year low of $59.82 and a one year high of $74.04.

Equity LifeStyle Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a $0.477 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.91 dividend on an annualized basis and a yield of 2.97%. Equity LifeStyle Properties’s dividend payout ratio 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.