Equity LifeStyle Properties, Inc. (NYSE:ELS) Short Interest Update

Equity LifeStyle Properties, Inc. (NYSE:ELS) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 3,290,000 shares, an increase of 7.9% from the May 31st total of 3,050,000 shares. Currently, 1.9% of the company’s stock are short sold. Based on an average daily volume of 1,280,000 shares, the days-to-cover ratio is presently 2.6 days.

Equity LifeStyle Properties Stock Down 1.0 %

ELS stock traded down $0.63 during midday trading on Tuesday, hitting $63.97. The company’s stock had a trading volume of 1,416,753 shares, compared to its average volume of 1,247,258. The company’s fifty day moving average price is $62.82 and its 200 day moving average price is $65.40. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.03 and a quick ratio of 0.03. Equity LifeStyle Properties has a twelve month low of $59.82 and a twelve month high of $74.04. The stock has a market capitalization of $11.93 billion, a P/E ratio of 35.31, a PEG ratio of 3.74 and a beta of 0.77.

Equity LifeStyle Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a dividend of $0.477 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.91 annualized dividend and a yield of 2.98%. Equity LifeStyle Properties’s payout ratio is presently 104.37%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Wellington Management Group LLP raised its holdings in shares of Equity LifeStyle Properties by 0.3% in the 4th quarter. Wellington Management Group LLP now owns 59,874 shares of the real estate investment trust’s stock valued at $4,224,000 after purchasing an additional 155 shares during the period. Donoghue Forlines LLC raised its stake in Equity LifeStyle Properties by 2.3% in the fourth quarter. Donoghue Forlines LLC now owns 7,195 shares of the real estate investment trust’s stock valued at $508,000 after buying an additional 160 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Equity LifeStyle Properties by 4.7% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,920 shares of the real estate investment trust’s stock valued at $277,000 after buying an additional 177 shares during the last quarter. Lindbrook Capital LLC boosted its stake in shares of Equity LifeStyle Properties by 40.5% during the 4th 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. Finally, Naviter Wealth LLC boosted its stake in shares of Equity LifeStyle Properties by 1.6% during the 1st quarter. Naviter Wealth LLC now owns 12,404 shares of the real estate investment trust’s stock worth $805,000 after acquiring an additional 192 shares during the period. 97.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ELS. Truist Financial reduced 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 report on Thursday, May 2nd. Barclays reduced 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. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Equity LifeStyle Properties presently has a consensus rating of “Hold” and an average price target of $68.85.

About Equity LifeStyle Properties

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.