Equity Lifestyle Properties, Inc. $ELS Shares Purchased by Alliancebernstein L.P.

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. raised its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 3.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 305,516 shares of the real estate investment trust's stock after acquiring an additional 9,896 shares during the quarter. Alliancebernstein L.P. owned approximately 0.16% of Equity Lifestyle Properties worth $20,378,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in Equity Lifestyle Properties by 4.6% during the 1st quarter. Principal Financial Group Inc. now owns 6,349,010 shares of the real estate investment trust's stock valued at $423,479,000 after acquiring an additional 278,193 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of Equity Lifestyle Properties by 11.1% during the first quarter. QRG Capital Management Inc. now owns 11,602 shares of the real estate investment trust's stock worth $774,000 after buying an additional 1,162 shares in the last quarter. Farther Finance Advisors LLC grew its holdings 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 worth $96,000 after buying an additional 635 shares in the last quarter. Dupont Capital Management Corp grew its holdings in shares of Equity Lifestyle Properties by 33.8% during the first quarter. Dupont Capital Management Corp now owns 145,004 shares of the real estate investment trust's stock worth $9,672,000 after buying an additional 36,655 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Equity Lifestyle Properties by 3.2% during the first quarter. KBC Group NV now owns 145,262 shares of the real estate investment trust's stock worth $9,689,000 after buying an additional 4,450 shares in the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ELS shares. Barclays upgraded shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and lowered their price target for the stock from $70.00 to $67.00 in a report on Tuesday, July 29th. Wells Fargo & Company lowered their price target 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 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. Truist Financial set a $68.00 price target on shares of Equity Lifestyle Properties and gave the stock a "buy" rating in a report on Wednesday, July 30th. Finally, Morgan Stanley lowered their price target on shares of Equity Lifestyle Properties from $67.50 to $62.50 and set an "equal weight" rating for the company in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Equity Lifestyle Properties presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.05.

Equity Lifestyle Properties Trading Down 0.0%

Equity Lifestyle Properties stock traded down $0.03 during trading on Friday, reaching $61.50. The company had a trading volume of 1,341,668 shares, compared to its average volume of 1,404,042. Equity Lifestyle Properties, Inc. has a 12-month low of $58.15 and a 12-month high of $76.60. The stock's 50 day moving average price is $60.73 and its two-hundred day moving average price is $63.29. The firm has a market capitalization of $11.92 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 3.32 and a beta of 0.73. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.04 and a current ratio of 0.04.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last released its earnings results on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share (EPS) 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 net margin of 24.13% and a return on equity of 21.12%. Equity Lifestyle Properties's revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm 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. As a group, equities analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share 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 given 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 of this dividend is Friday, September 26th. Equity Lifestyle Properties's payout ratio is 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.