Sumitomo Mitsui Trust Holdings Inc. Increases Position in Equity LifeStyle Properties, Inc.

Sumitomo Mitsui Trust Holdings Inc. Increases Stake in Equity LifeStyle Properties, Inc.

In a recent report by HoldingsChannel, it was revealed that Sumitomo Mitsui Trust Holdings Inc. has increased its position in Equity LifeStyle Properties, Inc. by 1.1% during the 4th quarter. The firm now owns 640,236 shares of the real estate investment trust’s stock, with a value of $45,162,000 at the end of the reporting period.

This move by Sumitomo Mitsui Trust Holdings Inc. is part of a trend among institutional investors, with several others also making changes to their positions in the company. Lecap Asset Management Ltd., Louisiana State Employees Retirement System, Cerity Partners LLC, Capital Square LLC, and Tobam are among the investors who have recently bought or increased their stakes in Equity LifeStyle Properties.

In terms of analyst ratings, Equity LifeStyle Properties has received positive feedback from research analysts. Wolfe Research upgraded the stock to an “outperform” rating, while Deutsche Bank Aktiengesellschaft and Royal Bank of Canada have also issued positive ratings. Overall, the company has an average rating of “Hold” and a consensus price target of $70.15.

Equity LifeStyle Properties stock opened at $62.74 on Friday, with a market cap of $11.70 billion. The company recently announced an increase in its quarterly dividend, reflecting a positive outlook for investors. With a strong profile and a diverse portfolio of properties across 35 states and British Columbia, Equity LifeStyle Properties continues to attract interest from both institutional investors and analysts.

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