Hey there! So, guess what? Equity Lifestyle Properties just declared a dividend of $0.45 per share. That’s pretty cool, right? And get this, it’s actually an increase from their previous dividend of $0.45 per share. So, if you want to get in on the action, you gotta buy some shares before December 28, 2023. That’s the ex-dividend date. Shareholders who own the stock by December 29, 2023, will receive the payment on January 12, 2024. Oh, and did I mention that the stock’s dividend yield is 2.78%? Not too shabby, huh? Now, let’s take a trip down memory lane. Over the past five years, the average dividend yield has been 2.20%, with the lowest being 1.68% and the highest at 3.01%. The standard deviation of yields is 0.30, which means the current dividend yield is 1.96 standard deviations above the historical average. That’s pretty impressive! But wait, there’s more. The company’s dividend payout ratio is 1.13, which tells us how much of their income is paid out in dividends. A ratio of one means 100% of the income goes to dividends, and anything above one means they’re dipping into savings. Not a good sign. Luckily, Equity Lifestyle Properties is in a healthy range with a payout ratio between 0.5 and 1.0. They’re also showing some growth with a 3-Year dividend growth rate of 0.31%. So, things are looking up for them. Now, let’s talk about the fund sentiment. There are 984 funds or institutions reporting positions in Equity Lifestyle Properties. That’s an increase of 2 owners or 0.20% in the last quarter. The average portfolio weight of all funds dedicated to ELS is 0.46%, which is a decrease of 0.39%. And get this, total shares owned by institutions increased by 2.27% in the last three months. So, it seems like people are pretty interested in this company. Oh, and the put/call ratio of ELS is 0.16, which indicates a bullish outlook. That’s always a good sign, right? Now, let’s talk about the price forecast. Analysts are predicting a 19.30% upside for Equity Lifestyle Properties. The average one-year price target is $76.73, with forecasts ranging from $68.68 to $86.10. So, it looks like there’s some potential for growth there. And get this, the projected annual revenue for Equity Lifestyle Properties is $1,510 million, which is a 2.58% increase. Not too shabby, huh? And the projected annual non-GAAP EPS is 1.60. So, they’re definitely making some moves. Now, let’s see what other shareholders are doing. Price T Rowe Associates holds 10,872K shares, representing 5.83% ownership of the company. They actually increased their portfolio allocation in ELS by 17.62% over the last quarter. Aristotle Capital Management holds 9,855K shares, representing 5.29% ownership. They increased their portfolio allocation by 4.33% over the last quarter. Chai Trust Co holds 8,953K shares, representing 4.80% ownership. They increased their portfolio allocation by a whopping 54.05% over the last quarter. And VGSIX – Vanguard Real Estate Index Fund Investor Shares holds 7,453K shares, representing 4.00% ownership. They decreased their portfolio allocation by 3.03% over the last quarter. Finally, Principal Financial Group holds 7,270K shares, representing 3.90% ownership. They actually decreased their portfolio allocation by 6.61% over the last quarter. So, it seems like there’s some mixed activity among shareholders. But overall, things are looking pretty good for Equity Lifestyle Properties. They own a bunch of properties across the US and Canada, and they’re showing some growth in their dividends and revenue. So, if you’re looking for a solid investment, you might want to keep an eye on these guys. Alright, that’s all for now. Catch you later!
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