Equity Lifestyle Properties, Inc. $ELS Position Trimmed by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec reduced its stake in Equity Lifestyle Properties, Inc. by 29.4%, selling 27,700 shares and holding 66,594 shares valued at approximately $4.44 million.
• Institutional investors own about 97.21% of Equity Lifestyle Properties, with several funds, such as Brooklyn Investment Group and National Pension Service, significantly increasing their stakes.
• The company declared a quarterly dividend of $0.515 per share, yielding approximately 3.5%, with a highly elevated payout ratio of 106.74%.

Caisse DE Depot ET Placement DU Quebec decreased its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 29.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,594 shares of the real estate investment trust's stock after selling 27,700 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Equity Lifestyle Properties were worth $4,442,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ELS. Nuveen LLC acquired a new stake in Equity Lifestyle Properties during the first quarter worth about $142,937,000. Northern Trust Corp raised its stake in Equity Lifestyle Properties by 43.3% during the fourth quarter. Northern Trust Corp now owns 2,434,858 shares of the real estate investment trust's stock worth $162,162,000 after acquiring an additional 735,580 shares during the period. Victory Capital Management Inc. raised its stake in Equity Lifestyle Properties by 15.1% during the first quarter. Victory Capital Management Inc. now owns 5,330,066 shares of the real estate investment trust's stock worth $355,515,000 after acquiring an additional 699,877 shares during the period. Millennium Management LLC raised its stake in Equity Lifestyle Properties by 221.2% during the fourth quarter. Millennium Management LLC now owns 975,391 shares of the real estate investment trust's stock worth $64,961,000 after acquiring an additional 671,703 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC raised its stake in Equity Lifestyle Properties by 101.4% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,251,554 shares of the real estate investment trust's stock worth $83,479,000 after acquiring an additional 630,065 shares during the period. Institutional investors and hedge funds own 97.21% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ELS. Morgan Stanley began coverage on shares of Equity Lifestyle Properties in a research note on Tuesday, July 15th. They set a "positive" rating and a $67.50 price objective on the stock. Wall Street Zen lowered shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Wells Fargo & Company dropped their price target on shares of 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. Barclays upgraded shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and dropped their price target for the company from $70.00 to $67.00 in a research note on Tuesday, July 29th. Finally, Truist Financial set a $68.00 price target on shares of Equity Lifestyle Properties and gave the company a "buy" rating in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $71.50.

Equity Lifestyle Properties Price Performance

Shares of Equity Lifestyle Properties stock traded down $1.09 on Tuesday, hitting $59.21. The company had a trading volume of 743,487 shares, compared to its average volume of 1,523,459. The business has a 50-day simple moving average of $60.94 and a 200-day simple moving average of $63.61. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.04 and a quick ratio of 0.04. The company has a market cap of $11.47 billion, a PE ratio of 30.68, a PEG ratio of 3.25 and a beta of 0.73. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $76.60.

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 (EPS) for the quarter, meeting the consensus estimate of $0.69. The business had revenue of $313.29 million during the quarter, compared to analysts' expectations 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 was down .8% on a year-over-year basis. During the same period last year, the firm posted $0.66 earnings per share. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q3 2025 guidance at 0.720-0.780 EPS. Research analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

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