Bahl & Gaynor Inc. Has $15.84 Million Stock Position in Equity Lifestyle Properties, Inc. $ELS

Key Points

• Bahl & Gaynor Inc. increased its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 17.5%, owning 237,424 shares valued at approximately $15.84 million.
• Equity Lifestyle Properties reported earnings of $0.69 per share for the last quarter, meeting analyst expectations, while revenue decreased by 0.8% year-over-year to $313.29 million.
• The company announced a quarterly dividend of $0.515, resulting in an annual yield of 3.4% and a dividend payout ratio of 106.74%.

Bahl & Gaynor Inc. increased its position in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 17.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 237,424 shares of the real estate investment trust's stock after purchasing an additional 35,332 shares during the quarter. Bahl & Gaynor Inc. owned 0.12% of Equity Lifestyle Properties worth $15,836,000 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. Beese Fulmer Investment Management Inc. boosted its stake in Equity Lifestyle Properties by 2.6% during the 1st quarter. Beese Fulmer Investment Management Inc. now owns 7,995 shares of the real estate investment trust's stock valued at $533,000 after acquiring an additional 200 shares during the last quarter. Xponance Inc. boosted its stake in 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 stake in 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. Qtron Investments LLC boosted its stake in Equity Lifestyle Properties by 4.5% during the 1st quarter. Qtron Investments LLC now owns 5,637 shares of the real estate investment trust's stock valued at $376,000 after acquiring an additional 242 shares during the last quarter. Finally, Townsquare Capital LLC boosted its stake in Equity Lifestyle Properties by 2.0% during the 1st quarter. Townsquare Capital LLC now owns 12,756 shares of the real estate investment trust's stock valued at $851,000 after acquiring an additional 251 shares during the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on ELS shares. Royal Bank Of Canada dropped their target price on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating on the stock in a report on Wednesday, July 23rd. Truist Financial set a $68.00 target price on shares of Equity Lifestyle Properties and gave the stock a "buy" rating in a report on Wednesday, July 30th. Compass Point raised shares of Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 target price on the stock in a report on Tuesday, July 22nd. Wells Fargo & Company dropped their price objective on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Finally, Barclays raised shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and dropped their price objective for the stock from $70.00 to $67.00 in a report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $71.50.

Equity Lifestyle Properties Price Performance

Shares of NYSE:ELS traded down $0.39 during trading hours on Thursday, hitting $59.61. 1,186,538 shares of the company's stock traded hands, compared to its average volume of 1,524,884. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $76.60. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.04 and a current ratio of 0.04. The company's fifty day simple moving average is $61.13 and its two-hundred day simple moving average is $63.77. The company has a market cap of $11.55 billion, a price-to-earnings ratio of 30.88, a price-to-earnings-growth ratio of 3.19 and a beta of 0.70.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last announced its earnings results on Monday, July 21st. The real estate investment trust reported $0.69 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 company had revenue of $313.29 million during the quarter, compared to analysts' expectations of $377.59 million. During the same period last year, the company posted $0.66 earnings per share. The business's revenue for the quarter 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 anticipate that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

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