American Century Companies Inc. Boosts Stock Position in Equity Lifestyle Properties, Inc. $ELS

Key Points

• American Century Companies Inc. significantly increased its stake in Equity Lifestyle Properties, owning a total of 369,167 shares after acquiring 311,053 shares, representing an increase of 535.2% in the first quarter.
• Equity Lifestyle Properties reported earnings of $0.69 EPS for the last quarter, meeting analysts' expectations, although revenue was below estimates at $313.29 million.
• The company will pay a quarterly dividend of $0.515 per share on October 10th, with a dividend yield of 3.4% and a payout ratio of 106.74%.

American Century Companies Inc. grew its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 535.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 369,167 shares of the real estate investment trust's stock after buying an additional 311,053 shares during the quarter. American Century Companies Inc. owned 0.19% of Equity Lifestyle Properties worth $24,623,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. National Pension Service grew its stake 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 valued at $43,000 after buying an additional 276 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Equity Lifestyle Properties by 31.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,426 shares of the real estate investment trust's stock valued at $95,000 after buying an additional 345 shares during the last quarter. Farther Finance Advisors LLC grew its stake 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 valued at $96,000 after buying an additional 635 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Equity Lifestyle Properties by 351.6% during the first quarter. Blue Trust Inc. now owns 1,865 shares of the real estate investment trust's stock valued at $124,000 after buying an additional 1,452 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Equity Lifestyle Properties during the first quarter valued at about $141,000. 97.21% of the stock is owned by institutional investors.

Equity Lifestyle Properties Stock Performance

Shares of ELS traded down $0.66 during trading hours on Thursday, hitting $59.35. The stock had a trading volume of 152,395 shares, compared to its average volume of 1,522,365. The firm has a market capitalization of $11.50 billion, a PE ratio of 30.79, a PEG ratio of 3.19 and a beta of 0.70. 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 12 month low of $58.15 and a 12 month high of $76.60. The stock has a fifty day moving average price of $61.13 and a 200 day moving average price of $63.77.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last released its quarterly 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. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%.The business had revenue of $313.29 million during the quarter, compared to the consensus estimate of $377.59 million. During the same period in the previous year, the company posted $0.66 EPS. The business's quarterly revenue was down .8% compared to the same quarter last year. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q3 2025 guidance at 0.720-0.780 EPS. Analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, September 26th. Equity Lifestyle Properties's dividend payout ratio (DPR) is currently 106.74%.

Analyst Ratings Changes

Several analysts recently issued reports on ELS shares. Morgan Stanley started coverage on Equity Lifestyle Properties in a research note on Tuesday, July 15th. They issued a "positive" rating and a $67.50 target price on the stock. Royal Bank Of Canada cut their target price on Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating on the stock in a research note on Wednesday, July 23rd. Wall Street Zen cut Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Barclays raised Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and cut their target price for the stock from $70.00 to $67.00 in a research note on Tuesday, July 29th. Finally, Wells Fargo & Company cut their target price 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. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $71.50.

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.