US Bancorp DE Trims Stake: Sells 310 Shares of Equity LifeStyle Properties (NYSE: ELS) – What It Means for Investors

Recently, US Bancorp DE reduced its investment in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 2.3%. They now own 13,120 shares after selling 310 shares in the fourth quarter. This stake is currently valued at $874,000.

Other investors have also adjusted their positions in ELS. For example, QRG Capital Management increased its stake by 23%, owning 11,461 shares worth $818,000 after purchasing 2,145 additional shares. Assetmark Inc. boosted its holdings significantly by 105.6%, bringing their total to 15,279 shares valued at $1.09 million. Crossmark Global Holdings also expanded its investment, owning 13,775 shares. Most notably, 97.21% of Equity LifeStyle Properties is held by institutional investors.

Equity LifeStyle Properties’ stock opened at $68.56 recently. The company boasts a market cap of $13.10 billion, a P/E ratio of 35.16, and a P/E/G ratio of 3.02. The stock has fluctuated, with a low of $59.82 and a high of $76.60 in the past year, and it has a 50-day moving average of $66.48.

On January 27, Equity LifeStyle Properties reported quarterly earnings of $0.76 per share, aligning with analysts’ forecasts. The company maintains a strong net margin of 24.05% and a return on equity of 23.12%. Analysts anticipate earnings per share to reach $3.07 for the year.

In good news for investors, Equity LifeStyle Properties recently announced a quarterly dividend of $0.515 per share, an increase from the previous $0.48. This dividend will be paid on April 11, with a payout ratio of 105.64%, translating to an annual yield of about 3.00%.

Analysts are positive about ELS. Deutsche Bank upgraded their rating to “buy” and raised the price target from $66 to $73. Similarly, Robert W. Baird raised their target to $73. Three analysts suggest holding, while six recommend buying the stock. The consensus rating stands at “Moderate Buy” with an average target price of $73.78.

Learn more about Equity LifeStyle Properties

Equity LifeStyle Properties, Inc. is a real estate investment trust focused on lifestyle-oriented properties, including manufactured home and recreational vehicle communities. They operate in two segments: Property Operations and Home Sales and Rentals Operations.