Janney Montgomery Scott LLC purchases 19,343 shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

Janney Montgomery Scott LLC, a financial services firm, has increased its stake in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 11.9% during the 4th quarter, according to the company’s recent 13F filing with the Securities and Exchange Commission. The firm now owns 182,361 shares of the real estate investment trust’s stock, valued at $12,863,000. This represents approximately 0.10% of Equity LifeStyle Properties’ total shares.

In addition to Janney Montgomery Scott LLC, several other hedge funds and institutional investors have also made changes to their holdings of Equity LifeStyle Properties. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in the company during the 4th quarter, while Headlands Technologies LLC and Lindbrook Capital LLC increased their holdings. GAMMA Investing LLC and Anchor Investment Management LLC also bought new positions in the company. Overall, institutional investors now own 97.21% of Equity LifeStyle Properties’ stock.

On Friday, Equity LifeStyle Properties’ stock traded up 1.9%, reaching $64.68. The stock had a trading volume of 1,409,597 shares, slightly higher than its average volume of 1,343,398. The company has a market capitalization of $12.06 billion, with a price-to-earnings ratio of 35.34 and a beta of 0.70. The stock’s fifty-day simple moving average is $63.22, while its 200-day simple moving average is $66.78. Equity LifeStyle Properties has a 1-year low of $59.82 and a 1-year high of $74.04.

Equity LifeStyle Properties recently announced a quarterly dividend of $0.477 per share, which will be paid on July 12th to shareholders of record on June 28th. This represents an annualized dividend of $1.91 and a yield of 2.95%. The company’s dividend payout ratio is currently 104.37%.

Several brokerages have issued reports on Equity LifeStyle Properties, with Wolfe Research upgrading the stock from a “peer perform” rating to an “outperform” rating. Truist Financial, Royal Bank of Canada, Barclays, and Deutsche Bank Aktiengesellschaft have also provided ratings on the stock. Overall, seven analysts have rated the stock as a hold, while two have given it a buy rating. The average price target for Equity LifeStyle Properties is $68.85.

Equity LifeStyle Properties is a self-administered, self-managed real estate investment trust based in Chicago. The company owns or has an interest in 451 properties in 35 states and British Columbia, totaling 172,465 sites.

In conclusion, despite receiving a “Hold” rating from analysts, Equity LifeStyle Properties continues to attract the interest of institutional investors and financial firms. With its recent dividend announcement and positive trading performance, the company remains a key player in the real estate investment trust sector.