Raymond James Financial Services Advisors Inc. Increases Holdings in Equity LifeStyle Properties, Inc.

Equity LifeStyle Properties, Inc. (NYSE:ELS) has seen a 0.6% increase in its stock value, with Raymond James Financial Services Advisors Inc. leading the way by growing its holdings in the company by 13.8% in the 4th quarter. The firm now owns 5,414 shares of Equity LifeStyle Properties, worth $382,000. Other institutional investors and hedge funds have also shown interest in the company, with several purchasing new stakes in recent months.

Equity LifeStyle Properties recently announced an increase in its quarterly dividend, which was paid on April 12th. The company’s dividend payout ratio is 113.69%, and the yield is currently at 3.04%. Analysts have been positive about the company, with several upgrading their ratings and setting target prices. According to MarketBeat.com, the average rating for Equity LifeStyle Properties is “Hold” with a consensus target price of $70.15.

As a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago, Equity LifeStyle Properties owns or has an interest in 451 properties in 35 states and British Columbia. With a market cap of $11.70 billion, the company continues to attract investor interest and positive analyst ratings.

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