Alliancebernstein L.P. Has $20.38 Million Stock Holdings in Equity Lifestyle Properties, Inc. $ELS

Key Points

• Alliancebernstein L.P. increased its holdings in Equity Lifestyle Properties by 3.3%, acquiring an additional 9,896 shares, bringing its total ownership to 305,516 shares valued at $20.38 million.
• Equity Lifestyle Properties reported a 0.69 EPS for the quarter, meeting expectations, but experienced a revenue decline of 0.8% year-over-year.
• The company announced a quarterly dividend of $0.515 per share, reflecting a 3.4% dividend yield, despite a payout ratio exceeding 100%.

Alliancebernstein L.P. increased its position in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 3.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 305,516 shares of the real estate investment trust's stock after purchasing an additional 9,896 shares during the quarter. Alliancebernstein L.P. owned 0.16% of Equity Lifestyle Properties worth $20,378,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ELS. Brooklyn Investment Group boosted its stake in 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 valued at $29,000 after acquiring an additional 384 shares during the last quarter. National Pension Service raised its holdings 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 worth $43,000 after purchasing an additional 276 shares during the period. SVB Wealth LLC acquired a new stake in shares of Equity Lifestyle Properties in the 1st quarter worth about $61,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Equity Lifestyle Properties by 31.9% in 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 period. Finally, Farther Finance Advisors LLC increased its holdings in shares of Equity Lifestyle Properties by 78.7% in 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 period. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Stock Performance

Shares of Equity Lifestyle Properties stock traded up $0.02 during midday trading on Tuesday, hitting $60.81. The company had a trading volume of 2,456,153 shares, compared to its average volume of 1,432,743. The business's 50 day simple moving average is $60.69 and its two-hundred day simple moving average is $63.18. The stock has a market cap of $11.78 billion, a PE ratio of 31.51, a P/E/G ratio of 3.28 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. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $75.69.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 the consensus estimate of $377.59 million. During the same quarter last year, the company posted $0.66 earnings per share. Equity Lifestyle Properties'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. As a group, equities analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The firm 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 dividend of $0.515 per share. 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 payout ratio is currently 106.74%.

Analyst Upgrades and Downgrades

Several research firms have commented on ELS. Morgan Stanley lowered their target price on shares of Equity Lifestyle Properties from $67.50 to $62.50 and set an "equal weight" rating on the stock in a research note on Thursday, September 4th. Wall Street Zen cut shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Wells Fargo & Company decreased their target price on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Compass Point raised 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 research report on Tuesday, July 22nd. Finally, Truist Financial set a $68.00 price objective on shares of Equity Lifestyle Properties and gave the company a "buy" rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Equity Lifestyle Properties currently has a consensus rating of "Moderate Buy" and a consensus 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.