9,529 Shares in Equity Lifestyle Properties, Inc. $ELS Purchased by Callan Family Office LLC

Key Points

• Callan Family Office LLC acquired 9,529 shares of Equity Lifestyle Properties, valued at approximately $588,000, according to a recent SEC filing.
• Equity Lifestyle Properties declared a $0.515 quarterly dividend, representing a 3.3% yield, with a payout ratio of 106.74%.
• Analysts have varied ratings on ELS, with a current consensus of "Moderate Buy" and a target price of $71.05, reflecting mixed sentiment in the market.

Callan Family Office LLC acquired a new stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,529 shares of the real estate investment trust's stock, valued at approximately $588,000.

A number of other hedge funds have also recently modified their holdings of ELS. Nuveen LLC bought a new position in Equity Lifestyle Properties in the first quarter worth approximately $142,937,000. Victory Capital Management Inc. lifted its holdings in shares of Equity Lifestyle Properties by 15.1% during the 1st quarter. Victory Capital Management Inc. now owns 5,330,066 shares of the real estate investment trust's stock valued at $355,515,000 after purchasing an additional 699,877 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its holdings in shares of Equity Lifestyle Properties by 101.4% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,251,554 shares of the real estate investment trust's stock valued at $83,479,000 after purchasing an additional 630,065 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Equity Lifestyle Properties by 12.7% during the 1st quarter. JPMorgan Chase & Co. now owns 4,209,452 shares of the real estate investment trust's stock valued at $280,771,000 after purchasing an additional 474,495 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Equity Lifestyle Properties by 535.2% in the 1st quarter. American Century Companies Inc. now owns 369,167 shares of the real estate investment trust's stock worth $24,623,000 after acquiring an additional 311,053 shares during the last quarter. Institutional investors own 97.21% of the company's stock.

Wall Street Analysts Forecast Growth

ELS has been the subject of a number of research analyst reports. Royal Bank Of Canada reduced their target price on Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 23rd. Compass Point raised Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price target on the stock in a research report on Tuesday, July 22nd. Wall Street Zen downgraded Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Wells Fargo & Company dropped their target price on Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Finally, Truist Financial set a $68.00 target price on Equity Lifestyle Properties and gave the company a "buy" rating in a research report on Wednesday, July 30th. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.05.

Equity Lifestyle Properties Trading Down 1.2%

ELS opened at $62.51 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.04 and a quick ratio of 0.04. The company's 50 day simple moving average is $60.78 and its two-hundred day simple moving average is $62.27. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $73.67. The firm has a market capitalization of $12.11 billion, a price-to-earnings ratio of 32.39, a price-to-earnings-growth ratio of 3.42 and a beta of 0.71.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last released its earnings results on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share 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 for the quarter, compared to analyst estimates 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. Analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, September 26th. Equity Lifestyle Properties's payout ratio 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.

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