Aberdeen Group plc Acquires 61,829 Shares of Equity Lifestyle Properties, Inc. $ELS

Key Points

• Aberdeen Group plc increased its stake in Equity Lifestyle Properties, Inc. by 61.3%, owning 162,652 shares worth approximately $10.8 million after acquiring an additional 61,829 shares in the first quarter.
• Equity Lifestyle Properties reported a quarterly EPS of $0.69, matching analysts' expectations, with revenue of $313.29 million, down 0.8% compared to the same quarter last year.
• The company announced a quarterly dividend of $0.515, to be paid on October 10th, with a dividend yield of 3.4% and a payout ratio of 106.74%.

Aberdeen Group plc boosted its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 61.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 162,652 shares of the real estate investment trust's stock after acquiring an additional 61,829 shares during the period. Aberdeen Group plc owned 0.09% of Equity Lifestyle Properties worth $10,849,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in Equity Lifestyle Properties by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,722,268 shares of the real estate investment trust's stock valued at $181,574,000 after purchasing an additional 26,775 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Equity Lifestyle Properties in the 1st quarter valued at $1,216,000. Kovitz Investment Group Partners LLC increased its position in shares of Equity Lifestyle Properties by 47.9% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 55,705 shares of the real estate investment trust's stock valued at $3,716,000 after buying an additional 18,037 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its stake in Equity Lifestyle Properties by 68.4% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 9,782 shares of the real estate investment trust's stock worth $652,000 after buying an additional 3,974 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Equity Lifestyle Properties by 2.3% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,639 shares of the real estate investment trust's stock worth $2,977,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ELS. Royal Bank Of Canada lowered their price target on Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating for the company in a report on Wednesday, July 23rd. Morgan Stanley initiated coverage on Equity Lifestyle Properties in a research note on Tuesday, July 15th. They set a "positive" rating and a $67.50 target price for the company. Wall Street Zen downgraded shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Compass Point upgraded shares of Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price target for the company in a report on Tuesday, July 22nd. Finally, Wells Fargo & Company dropped their price objective on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Equity Lifestyle Properties has an average rating of "Moderate Buy" and a consensus target price of $71.50.

Equity Lifestyle Properties Stock Down 1.1%

Shares of NYSE:ELS traded down $0.6650 during midday trading on Monday, reaching $59.8050. The company had a trading volume of 1,335,099 shares, compared to its average volume of 1,823,005. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $76.60. The stock has a market cap of $11.59 billion, a PE ratio of 30.99, a P/E/G ratio of 3.23 and a beta of 0.70. 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 business's 50 day moving average price is $61.26 and its 200 day moving average price is $63.83.

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

Equity Lifestyle Properties Announces Dividend

The company also recently declared 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. The ex-dividend date is Friday, September 26th. This represents a $2.06 dividend on an annualized basis and a yield of 3.4%. Equity Lifestyle Properties's dividend payout ratio (DPR) is currently 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.