AEGON ASSET MANAGEMENT UK Plc Has $613,000 Holdings in Equity Lifestyle Properties, Inc. $ELS

Key Points

• AEGON ASSET MANAGEMENT UK Plc has reduced its holdings in Equity Lifestyle Properties by 38.9%, bringing its total shares to 9,936, valued at $613,000 as of the latest SEC filing.
• Equity Lifestyle Properties' stock has a consensus rating of "Moderate Buy" among analysts, with an average target price of $71.05; eight analysts rate it as a Buy.
• The company recently announced a quarterly dividend of $0.515 per share, representing a 3.3% yield, despite a high dividend payout ratio of 106.74%.

AEGON ASSET MANAGEMENT UK Plc decreased its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 38.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,936 shares of the real estate investment trust's stock after selling 6,339 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc's holdings in Equity Lifestyle Properties were worth $613,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ELS. Farther Finance Advisors LLC lifted its holdings in Equity Lifestyle Properties by 78.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust's stock worth $96,000 after buying an additional 635 shares in the last quarter. Ritholtz Wealth Management lifted its stake in shares of Equity Lifestyle Properties by 23.6% in the 1st quarter. Ritholtz Wealth Management now owns 8,989 shares of the real estate investment trust's stock valued at $600,000 after purchasing an additional 1,716 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of Equity Lifestyle Properties by 11.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 14,004 shares of the real estate investment trust's stock valued at $934,000 after purchasing an additional 1,420 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Equity Lifestyle Properties by 2.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 29,825 shares of the real estate investment trust's stock valued at $1,989,000 after purchasing an additional 757 shares during the period. Finally, QRG Capital Management Inc. lifted its stake in shares of Equity Lifestyle Properties by 11.1% in the 1st quarter. QRG Capital Management Inc. now owns 11,602 shares of the real estate investment trust's stock valued at $774,000 after purchasing an additional 1,162 shares during the period. Institutional investors and hedge funds own 97.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. 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 note on Tuesday, July 22nd. Wells Fargo & Company cut their price target on Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Truist Financial set a $68.00 price target on Equity Lifestyle Properties and gave the company a "buy" rating in a research note on Wednesday, July 30th. Weiss Ratings restated a "hold (c)" rating on shares of Equity Lifestyle Properties in a research report on Wednesday, October 8th. Finally, Morgan Stanley lowered their price objective on shares of Equity Lifestyle Properties from $67.50 to $62.50 and set an "equal weight" rating for the company in a research report on Thursday, September 4th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $71.05.

Equity Lifestyle Properties Price Performance

ELS opened at $62.25 on Thursday. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.24. Equity Lifestyle Properties, Inc. has a 12 month low of $58.15 and a 12 month high of $73.67. The company has a fifty day simple moving average of $60.79 and a 200 day simple moving average of $62.27. The stock has a market cap of $12.06 billion, a P/E ratio of 32.25, a P/E/G ratio of 3.36 and a beta of 0.71.

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 EPS for the quarter, meeting 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 quarter in the prior year, the company earned $0.66 EPS. The firm's quarterly 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. On average, research analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, September 26th. Equity Lifestyle Properties's dividend payout ratio is 106.74%.

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.

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