Bahl & Gaynor Inc. Has $15.84 Million 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. raised its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 17.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 237,424 shares of the real estate investment trust's stock after buying an additional 35,332 shares during the quarter. Bahl & Gaynor Inc. owned about 0.12% of Equity Lifestyle Properties worth $15,836,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ELS. Brooklyn Investment Group raised its holdings in shares of Equity Lifestyle Properties by 673.7% in the first quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 384 shares during the last quarter. National Pension Service raised its holdings in shares of Equity Lifestyle Properties by 75.0% in the first quarter. National Pension Service now owns 644 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 276 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Equity Lifestyle Properties by 31.9% in 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 purchasing an additional 345 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Equity Lifestyle Properties by 78.7% in 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 purchasing an additional 635 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Equity Lifestyle Properties by 351.6% in the first quarter. Blue Trust Inc. now owns 1,865 shares of the real estate investment trust's stock valued at $124,000 after purchasing an additional 1,452 shares during the last quarter. Institutional investors own 97.21% of the company's stock.

Equity Lifestyle Properties Stock Performance

Shares of Equity Lifestyle Properties stock traded up $0.49 during trading on Friday, reaching $60.13. The company's stock had a trading volume of 351,059 shares, compared to its average volume of 1,521,715. The business's 50-day moving average price is $61.07 and its 200-day moving average price is $63.73. The firm has a market cap of $11.65 billion, a PE ratio of 31.13, a P/E/G ratio of 3.24 and a beta of 0.70. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $76.60. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.24.

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

Equity Lifestyle Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be paid a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $2.06 annualized dividend and a yield of 3.4%. Equity Lifestyle Properties's payout ratio is presently 106.74%.

Analyst Ratings Changes

ELS has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Wells Fargo & Company lowered their target price 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. 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. Barclays upgraded shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and lowered their target price for the stock from $70.00 to $67.00 in a report on Tuesday, July 29th. Finally, Royal Bank Of Canada lowered 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $71.50.

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.