Equity Lifestyle Properties (NYSE:ELS) Announces Quarterly Earnings Results, Meets Expectations

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) posted its earnings results on Monday. The real estate investment trust reported $0.69 EPS for the quarter, meeting analysts' consensus estimates of $0.69, Zacks reports. Equity Lifestyle Properties had a net margin of 23.99% and a return on equity of 21.99%. During the same quarter in the prior year, the business posted $0.66 EPS. The firm's revenue was down .8% on a year-over-year basis. Equity Lifestyle Properties updated its FY 2025 guidance to 3.010-3.110 EPS and its Q3 2025 guidance to 0.720-0.780 EPS.

Equity Lifestyle Properties Stock Down 0.6%

ELS stock traded down $0.38 during mid-day trading on Monday, hitting $61.59. The stock had a trading volume of 1,359,074 shares, compared to its average volume of 1,341,516. The stock has a market capitalization of $11.77 billion, a price-to-earnings ratio of 31.91, a PEG ratio of 3.34 and a beta of 0.72. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.14. Equity Lifestyle Properties has a 1-year low of $58.86 and a 1-year high of $76.60. The company has a fifty day moving average of $62.77 and a 200 day moving average of $64.85.

Equity Lifestyle Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were issued a $0.515 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.34%. Equity Lifestyle Properties's dividend payout ratio (DPR) is 106.74%.

Analyst Ratings Changes

ELS has been the topic of several recent research reports. Truist Financial lowered their target price on shares of Equity Lifestyle Properties from $72.00 to $71.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Barclays assumed coverage on shares of Equity Lifestyle Properties in a report on Thursday, May 29th. They set an "equal weight" rating and a $70.00 target price on the stock. BMO Capital Markets reduced their price target on Equity Lifestyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group initiated coverage on Equity Lifestyle Properties in a research report on Tuesday, April 8th. They set a "buy" rating and a $80.00 price target on the stock. Finally, Morgan Stanley assumed coverage on Equity Lifestyle Properties in a research report on Tuesday, July 15th. They issued a "positive" rating and a $67.50 target price for the company. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $73.32.

Insider Transactions at Equity Lifestyle Properties

In other news, CFO Paul Seavey sold 10,000 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $64.72, for a total transaction of $647,200.00. Following the completion of the transaction, the chief financial officer directly owned 78,162 shares in the company, valued at $5,058,644.64. This trade represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by company insiders.

Institutional Trading of Equity Lifestyle Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC raised its holdings in shares of Equity Lifestyle Properties by 598.5% during the 1st quarter. Jane Street Group LLC now owns 119,397 shares of the real estate investment trust's stock valued at $7,964,000 after buying an additional 102,303 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of Equity Lifestyle Properties by 62.3% during the 1st quarter. Intech Investment Management LLC now owns 23,114 shares of the real estate investment trust's stock worth $1,542,000 after purchasing an additional 8,873 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of Equity Lifestyle Properties by 14.1% during the first quarter. Empowered Funds LLC now owns 6,516 shares of the real estate investment trust's stock valued at $435,000 after acquiring an additional 804 shares during the period. Hedge funds and other institutional investors own 97.21% of the company's stock.

Equity Lifestyle Properties Company Profile

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.