Amundi Purchases 32,571 Shares of Equity Lifestyle Properties, Inc. $ELS

Key Points

• Amundi increased its stake in Equity Lifestyle Properties by 12.7% during the first quarter, owning approximately 0.15% of the company worth about $19.7 million.
• Equity Lifestyle Properties' recent earnings report showed earnings per share of $0.69, matching analyst expectations, but revenue fell 0.8% year-over-year.
• The company announced a quarterly dividend of $0.515 per share with a yield of 3.3%, reflecting a payout ratio of 106.74%.

Amundi boosted its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 12.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 289,229 shares of the real estate investment trust's stock after purchasing an additional 32,571 shares during the period. Amundi owned about 0.15% of Equity Lifestyle Properties worth $19,673,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ELS. Captrust Financial Advisors grew its position in Equity Lifestyle Properties by 38.1% during the fourth quarter. Captrust Financial Advisors now owns 6,707 shares of the real estate investment trust's stock valued at $447,000 after purchasing an additional 1,850 shares in the last quarter. EP Wealth Advisors LLC lifted its stake in shares of Equity Lifestyle Properties by 7.8% in the fourth quarter. EP Wealth Advisors LLC now owns 5,845 shares of the real estate investment trust's stock worth $389,000 after buying an additional 422 shares during the last quarter. Gotham Asset Management LLC acquired a new stake in shares of Equity Lifestyle Properties in the fourth quarter worth $1,382,000. Janus Henderson Group PLC lifted its stake in shares of Equity Lifestyle Properties by 1.1% in the fourth quarter. Janus Henderson Group PLC now owns 1,235,629 shares of the real estate investment trust's stock worth $82,259,000 after buying an additional 13,779 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Equity Lifestyle Properties by 221.2% in the fourth quarter. Millennium Management LLC now owns 975,391 shares of the real estate investment trust's stock worth $64,961,000 after buying an additional 671,703 shares during the last quarter. 97.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ELS shares. Wells Fargo & Company reduced their price objective on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating for the company in a research note 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 target price for the company in a research note on Tuesday, July 22nd. Wall Street Zen cut shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Morgan Stanley cut their target price on shares of Equity Lifestyle Properties from $67.50 to $62.50 and set an "equal weight" rating for the company in a research note on Thursday, September 4th. Finally, Royal Bank Of Canada cut their target price on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $71.05.

Equity Lifestyle Properties Stock Performance

Equity Lifestyle Properties stock traded down $0.03 on Friday, hitting $61.50. The company's stock had a trading volume of 1,341,668 shares, compared to its average volume of 1,404,042. The firm has a market cap of $11.92 billion, a P/E ratio of 31.86, a price-to-earnings-growth ratio of 3.32 and a beta of 0.73. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average price of $60.73 and a 200-day moving average price of $63.29. Equity Lifestyle Properties, Inc. has a one year low of $58.15 and a one year high of $76.60.

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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.69. The firm had revenue of $313.29 million for the quarter, compared to analyst estimates of $377.59 million. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. The business's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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, equities analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current 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 issued a $0.515 dividend. This represents a $2.06 annualized dividend 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.