Allianz Asset Management GmbH Sells 14,658 Shares of Equity Lifestyle Properties, Inc. $ELS

Key Points

• Allianz Asset Management GmbH sold 14,658 shares of Equity Lifestyle Properties, Inc., reducing its stake by 3.4% in Q2, now holding 416,327 shares valued at approximately $25.7 million.
• The company reported a Q2 EPS of $0.69, meeting analysts' consensus, but its revenue of $313.29 million fell short of expectations, which were $377.59 million.
• Equity Lifestyle Properties declared a quarterly dividend of $0.515, resulting in an annualized yield of 3.3%, with a payout ratio of over 106%.

Allianz Asset Management GmbH lessened its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 3.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 416,327 shares of the real estate investment trust's stock after selling 14,658 shares during the quarter. Allianz Asset Management GmbH owned about 0.22% of Equity Lifestyle Properties worth $25,675,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Farther Finance Advisors LLC boosted its position in shares of Equity Lifestyle Properties by 12.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,620 shares of the real estate investment trust's stock valued at $100,000 after acquiring an additional 178 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Equity Lifestyle Properties by 10.8% during the 2nd quarter. GAMMA Investing LLC now owns 2,069 shares of the real estate investment trust's stock valued at $128,000 after acquiring an additional 201 shares during the last quarter. Xponance Inc. boosted its position in shares of Equity Lifestyle Properties by 0.7% during the 1st quarter. Xponance Inc. now owns 31,133 shares of the real estate investment trust's stock valued at $2,077,000 after acquiring an additional 203 shares during the last quarter. GF Fund Management CO. LTD. boosted its position in shares of Equity Lifestyle Properties by 6.8% during the 1st quarter. GF Fund Management CO. LTD. now owns 3,438 shares of the real estate investment trust's stock valued at $229,000 after acquiring an additional 218 shares during the last quarter. Finally, Moran Wealth Management LLC boosted its position in shares of Equity Lifestyle Properties by 1.2% during the 2nd quarter. Moran Wealth Management LLC now owns 17,995 shares of the real estate investment trust's stock valued at $1,110,000 after acquiring an additional 220 shares during the last quarter. Institutional investors own 97.21% of the company's stock.

Equity Lifestyle Properties Stock Performance

Shares of NYSE ELS opened at $62.37 on Friday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.24. The stock's 50-day moving average is $60.86 and its 200 day moving average is $62.18. The stock has a market cap of $12.09 billion, a price-to-earnings ratio of 32.32, a P/E/G ratio of 3.37 and a beta of 0.71. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $73.67.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.69 EPS for the quarter, hitting analysts' consensus estimates of $0.69. The business had revenue of $313.29 million for the quarter, compared to analysts' expectations of $377.59 million. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%.The business's quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm 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, sell-side analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Wells Fargo & Company dropped their price target on Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Barclays raised Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and decreased their price objective for the company from $70.00 to $67.00 in a report on Tuesday, July 29th. Wall Street Zen cut Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Compass Point raised Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price objective on the stock in a report on Tuesday, July 22nd. Finally, Truist Financial set a $68.00 price objective on Equity Lifestyle Properties and gave the company a "buy" rating in a report on Wednesday, July 30th. Eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $71.05.

Equity Lifestyle Properties Company 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.

Want to see what other hedge funds are holding ELS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.