Equity Lifestyle Properties, Inc. $ELS Shares Bought by Bayforest Capital Ltd

Key Points

• Bayforest Capital Ltd significantly increased its stake in Equity Lifestyle Properties, Inc. by 810.9%, owning 19,284 shares, worth approximately $1.29 million, after purchasing an additional 17,167 shares in the first quarter.
• Institutional investors own **97.21%** of Equity Lifestyle Properties, with notable acquisitions including a new $142.9 million position by Nuveen LLC and significant increases by other firms such as Victory Capital Management and Millennium Management.
• The company recently announced a quarterly dividend of $0.515 per share, with a dividend yield of **3.3%**, despite a high dividend payout ratio of **106.74%**.

Bayforest Capital Ltd increased its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 810.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,284 shares of the real estate investment trust's stock after buying an additional 17,167 shares during the quarter. Equity Lifestyle Properties comprises about 0.6% of Bayforest Capital Ltd's holdings, making the stock its 14th largest position. Bayforest Capital Ltd's holdings in Equity Lifestyle Properties were worth $1,286,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Equity Lifestyle Properties by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 25,151,151 shares of the real estate investment trust's stock valued at $1,677,582,000 after purchasing an additional 97,306 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Equity Lifestyle Properties by 4.6% in the 1st quarter. Principal Financial Group Inc. now owns 6,349,010 shares of the real estate investment trust's stock valued at $423,479,000 after buying an additional 278,193 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Equity Lifestyle Properties by 15.1% in the 1st quarter. Victory Capital Management Inc. now owns 5,330,066 shares of the real estate investment trust's stock valued at $355,515,000 after buying an additional 699,877 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Equity Lifestyle Properties by 12.7% in the 1st quarter. JPMorgan Chase & Co. now owns 4,209,452 shares of the real estate investment trust's stock valued at $280,771,000 after buying an additional 474,495 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Equity Lifestyle Properties by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,722,268 shares of the real estate investment trust's stock worth $181,574,000 after purchasing an additional 26,775 shares during the period. Hedge funds and other institutional investors own 97.21% of the company's stock.

Equity Lifestyle Properties Trading Down 0.0%

Shares of ELS stock traded down $0.03 on Friday, reaching $61.50. 1,341,668 shares of the stock were exchanged, compared to its average volume of 1,404,042. The stock 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 firm has a 50 day moving average of $60.73 and a two-hundred day moving average of $63.29. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-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. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%.The firm had revenue of $313.29 million during the quarter, compared to the consensus estimate of $377.59 million. During the same period in the prior year, the firm earned $0.66 EPS. The firm'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. On average, research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors 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 is Friday, September 26th. Equity Lifestyle Properties's dividend payout ratio is currently 106.74%.

Analyst Ratings Changes

A number of brokerages have weighed in on ELS. Wall Street Zen lowered 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 reduced their price target for the stock from $70.00 to $67.00 in a research note on Tuesday, July 29th. Wells Fargo & Company dropped their price objective on Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Royal Bank Of Canada dropped their price objective on Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating for the company in a report on Wednesday, July 23rd. Finally, Morgan Stanley dropped their price objective on Equity Lifestyle Properties from $67.50 to $62.50 and set an "equal weight" rating for the company in a report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Equity Lifestyle Properties presently has a consensus rating of "Moderate Buy" and an average target price 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.