Adelante Capital Management LLC Purchases 205,609 Shares of Equity Lifestyle Properties, Inc. $ELS

Key Points

• Adelante Capital Management LLC has increased its ownership of Equity Lifestyle Properties, Inc. by 47.9%, acquiring an additional 205,609 shares in the first quarter, totaling approximately $42.3 million in holdings.
• Equity Lifestyle Properties recently declared a quarterly dividend of $0.515, with a current dividend yield of 3.3% and a payout ratio of 106.74%.
• Analysts have a consensus price target of $71.05 for Equity Lifestyle Properties, with ratings indicating a Moderate Buy outlook.

Adelante Capital Management LLC boosted its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 47.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 634,637 shares of the real estate investment trust's stock after buying an additional 205,609 shares during the period. Equity Lifestyle Properties accounts for approximately 3.0% of Adelante Capital Management LLC's investment portfolio, making the stock its 12th largest holding. Adelante Capital Management LLC owned 0.33% of Equity Lifestyle Properties worth $42,331,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Brooklyn Investment Group raised its position in shares of Equity Lifestyle Properties by 673.7% during the 1st quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust's stock worth $29,000 after buying an additional 384 shares in the last quarter. National Pension Service increased its stake in shares of Equity Lifestyle Properties by 75.0% during the first quarter. National Pension Service now owns 644 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 276 shares during the period. SVB Wealth LLC acquired a new position in shares of Equity Lifestyle Properties during the first quarter valued at approximately $61,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Equity Lifestyle Properties by 31.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,426 shares of the real estate investment trust's stock valued at $95,000 after acquiring an additional 345 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of Equity Lifestyle Properties by 78.7% during the first quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust's stock valued at $96,000 after acquiring an additional 635 shares during the period. 97.21% of the stock is owned by institutional investors and hedge funds.

Equity Lifestyle Properties Stock Up 0.1%

Equity Lifestyle Properties stock traded up $0.05 during trading hours on Friday, hitting $61.57. The company had a trading volume of 552,260 shares, compared to its average volume of 1,525,259. The firm has a market capitalization of $11.93 billion, a P/E ratio of 31.88, a price-to-earnings-growth ratio of 3.26 and a beta of 0.73. 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 firm's fifty day moving average is $60.74 and its 200-day moving average is $63.37. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $76.60.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share for the quarter, meeting the consensus estimate of $0.69. The firm had revenue of $313.29 million for the quarter, compared to analyst estimates of $377.59 million. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. The company's revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 EPS. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q3 2025 guidance at 0.720-0.780 EPS. On average, research analysts forecast 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 announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, September 26th. Equity Lifestyle Properties's payout ratio is currently 106.74%.

Analyst Ratings Changes

Several brokerages recently weighed in on ELS. Wells Fargo & Company decreased their target price on Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Barclays upgraded shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and dropped their target price for the stock from $70.00 to $67.00 in a report on Tuesday, July 29th. Wall Street Zen downgraded shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Royal Bank Of Canada dropped their target price on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating on the stock in a report on Wednesday, July 23rd. Finally, Compass Point upgraded shares of Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 target price on the stock in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $71.05.

Equity Lifestyle Properties 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.