Aew Capital Management L P Sells 54,370 Shares of Equity Lifestyle Properties, Inc. $ELS

Key Points

• Aew Capital Management L P sold 54,370 shares of Equity Lifestyle Properties, Inc. (NYSE: ELS), reducing its stake by 34.8%, resulting in ownership of 101,853 shares valued at approximately $6.79 million.
• Equity Lifestyle Properties recently reported Q2 earnings of $0.69 EPS, matching analyst expectations, but its revenue was down 0.8% year-over-year, totaling $313.29 million.
• The company announced a quarterly dividend of $0.515 per share, with an annualized yield of 3.4%, while its dividend payout ratio stands at 106.74%.

Aew Capital Management L P lowered its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 34.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,853 shares of the real estate investment trust's stock after selling 54,370 shares during the period. Aew Capital Management L P owned 0.05% of Equity Lifestyle Properties worth $6,794,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group raised its stake 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 purchasing an additional 384 shares in the last quarter. National Pension Service increased its holdings in shares of Equity Lifestyle Properties by 75.0% during the 1st 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 last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Equity Lifestyle Properties by 31.9% during the 1st 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 last quarter. Farther Finance Advisors LLC increased its holdings in shares of 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 acquiring an additional 635 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Equity Lifestyle Properties by 351.6% during the 1st 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 last quarter. Institutional investors own 97.21% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ELS shares. Wells Fargo & Company decreased their target price on Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Morgan Stanley started coverage on Equity Lifestyle Properties in a report on Tuesday, July 15th. They set a "positive" rating and a $67.50 target price on the stock. Royal Bank Of Canada decreased their target price on 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. Truist Financial set a $68.00 target price on Equity Lifestyle Properties and gave the stock a "buy" rating in a report on Wednesday, July 30th. Finally, Barclays raised Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and decreased their target price for the stock from $70.00 to $67.00 in a report on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $71.50.

Equity Lifestyle Properties Stock Performance

Shares of NYSE ELS opened at $60.4370 on Friday. 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 stock's fifty day moving average price is $61.30 and its two-hundred day moving average price is $63.91. Equity Lifestyle Properties, Inc. has a one year low of $58.15 and a one year high of $76.60. The firm has a market cap of $11.71 billion, a price-to-earnings ratio of 31.31, a P/E/G ratio of 3.22 and a beta of 0.70.

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, meeting analysts' consensus estimates of $0.69. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%.The firm had revenue of $313.29 million for the quarter, compared to analyst estimates of $377.59 million. During the same period in the prior year, the firm posted $0.66 EPS. The company's revenue for the quarter 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, equities analysts forecast that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, September 26th. Equity Lifestyle Properties's dividend payout ratio is currently 106.74%.

About Equity Lifestyle Properties

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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