23,718 Shares in Equity Lifestyle Properties, Inc. $ELS Purchased by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP has acquired 23,718 shares of Equity Lifestyle Properties, Inc. (NYSE:ELS), valued at approximately $1,582,000.
• Several institutional investors have significantly increased their stakes in Equity Lifestyle Properties, with Brooklyn Investment Group raising its stake by 673.7% in the first quarter.
• The company recently declared a quarterly dividend of $0.515 per share, reflecting an annualized dividend yield of 3.4%, despite having a payout ratio of 106.74%.

Quantbot Technologies LP purchased a new position in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 23,718 shares of the real estate investment trust's stock, valued at approximately $1,582,000.

Other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group raised its position in Equity Lifestyle Properties by 673.7% in the first quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 384 shares during the period. National Pension Service raised its position in Equity Lifestyle Properties by 75.0% in the first quarter. National Pension Service now owns 644 shares of the real estate investment trust's stock worth $43,000 after acquiring an additional 276 shares during the period. Caitong International Asset Management Co. Ltd raised its position in Equity Lifestyle Properties by 31.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,426 shares of the real estate investment trust's stock worth $95,000 after acquiring an additional 345 shares during the period. Farther Finance Advisors LLC raised its position in Equity Lifestyle Properties by 78.7% in the first quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust's stock worth $96,000 after acquiring an additional 635 shares during the period. Finally, Blue Trust Inc. raised its position in Equity Lifestyle Properties by 351.6% in the first quarter. Blue Trust Inc. now owns 1,865 shares of the real estate investment trust's stock worth $124,000 after acquiring an additional 1,452 shares during the period. 97.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Truist Financial set a $68.00 price objective on shares of Equity Lifestyle Properties and gave the company a "buy" rating in a research report on Wednesday, July 30th. Barclays upgraded shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and decreased their price objective for the company from $70.00 to $67.00 in a research report on Tuesday, July 29th. Royal Bank Of Canada decreased their price objective on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating on the stock in a research report on Wednesday, July 23rd. Morgan Stanley assumed coverage on shares of Equity Lifestyle Properties in a research report on Tuesday, July 15th. They set a "positive" rating and a $67.50 price objective on the stock. Finally, Compass Point upgraded shares of Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price objective on the stock in a research report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Equity Lifestyle Properties currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.50.

Equity Lifestyle Properties Price Performance

NYSE ELS traded down $0.35 on Thursday, reaching $59.65. The company had a trading volume of 216,665 shares, compared to its average volume of 1,522,840. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $11.56 billion, a PE ratio of 30.90, a price-to-earnings-growth ratio of 3.19 and a beta of 0.70. The firm's 50 day moving average price is $61.13 and its 200 day moving average price is $63.77. Equity Lifestyle Properties, Inc. has a 12 month low of $58.15 and a 12 month high of $76.60.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.69 EPS for the quarter, hitting analysts' consensus estimates of $0.69. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. The business had revenue of $313.29 million during the quarter, compared to analysts' expectations of $377.59 million. During the same period last year, the company posted $0.66 EPS. The business's revenue was down .8% on a year-over-year basis. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q3 2025 guidance at 0.720-0.780 EPS. As a group, equities analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, September 26th. Equity Lifestyle Properties's dividend payout ratio (DPR) is presently 106.74%.

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.