Equity Lifestyle Properties, Inc. $ELS Shares Sold by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board has reduced its stake in Equity Lifestyle Properties, Inc. by 0.3%, bringing its total shares owned to 1,421,175, valued at approximately $94.8 million.
• Significant activity was noted from other institutional investors, with Brooklyn Investment Group increasing its position by 673.7% during the first quarter.
• Equity Lifestyle Properties reported an earnings per share of $0.69 for the last quarter, meeting analysts' expectations, while revenue fell by 0.8% year-over-year.

Canada Pension Plan Investment Board lessened its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 0.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,421,175 shares of the real estate investment trust's stock after selling 4,200 shares during the period. Canada Pension Plan Investment Board owned about 0.74% of Equity Lifestyle Properties worth $94,792,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group lifted its position in Equity Lifestyle Properties by 673.7% during the first quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 384 shares during the last quarter. National Pension Service increased its stake in Equity Lifestyle Properties by 75.0% during the 1st 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 in the last quarter. SVB Wealth LLC acquired a new position in Equity Lifestyle Properties during the 1st quarter valued at approximately $61,000. Caitong International Asset Management Co. Ltd increased its stake in Equity Lifestyle Properties by 31.9% during the 1st 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 in the last quarter. Finally, Farther Finance Advisors LLC increased its stake 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 worth $96,000 after acquiring an additional 635 shares during the period. Hedge funds and other institutional investors own 97.21% of the company's stock.

Equity Lifestyle Properties Trading Up 1.1%

ELS stock traded up $0.64 during trading on Wednesday, reaching $60.17. 877,535 shares of the stock were exchanged, compared to its average volume of 1,525,025. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average price of $60.86 and a 200-day moving average price of $63.58. Equity Lifestyle Properties, Inc. has a 1 year low of $58.15 and a 1 year high of $76.60. The firm has a market capitalization of $11.66 billion, a price-to-earnings ratio of 31.18, a P/E/G ratio of 3.25 and a beta of 0.73.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued its earnings results on Monday, July 21st. The real estate investment trust reported $0.69 EPS for the quarter, hitting analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $377.59 million. During the same period in the previous year, the firm earned $0.66 earnings per share. Equity Lifestyle Properties'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 predict 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 disclosed 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. The ex-dividend date is Friday, September 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.4%. Equity Lifestyle Properties's payout ratio is 106.74%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. 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. Royal Bank Of Canada dropped their price target on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating on the stock in a research report on Wednesday, July 23rd. Compass Point upgraded shares of Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price target on the stock in a research report on Tuesday, July 22nd. Morgan Stanley initiated coverage on shares of Equity Lifestyle Properties in a research report on Tuesday, July 15th. They set a "positive" rating and a $67.50 price target on the stock. Finally, Wall Street Zen lowered shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Equity Lifestyle Properties has an average rating of "Moderate Buy" and a consensus target price of $71.50.

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.