Equity Lifestyle Properties, Inc. $ELS Shares Bought by Cbre Investment Management Listed Real Assets LLC

Key Points

• Cbre Investment Management Listed Real Assets LLC increased its stake in Equity Lifestyle Properties, Inc. by 101.4%, owning 1,251,554 shares worth approximately $83.48 million at the end of the most recent quarter.
• Equity Lifestyle Properties reported earnings of $0.69 per share, aligning with analysts' expectations, but experienced a revenue decline of 0.8% year-over-year.
• The company declared a quarterly dividend of $0.515 per share, scheduled for payment on October 10th, representing a 3.4% yield and a payout ratio of 106.74%.

Cbre Investment Management Listed Real Assets LLC grew its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 101.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,251,554 shares of the real estate investment trust's stock after purchasing an additional 630,065 shares during the quarter. Equity Lifestyle Properties accounts for 1.3% of Cbre Investment Management Listed Real Assets LLC's investment portfolio, making the stock its 26th biggest position. Cbre Investment Management Listed Real Assets LLC owned 0.65% of Equity Lifestyle Properties worth $83,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of ELS. Brooklyn Investment Group lifted its stake 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 worth $29,000 after acquiring an additional 384 shares in the last quarter. National Pension Service lifted its stake 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 worth $43,000 after acquiring an additional 276 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake 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 worth $95,000 after acquiring an additional 345 shares in the last quarter. Farther Finance Advisors LLC lifted 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 in the last quarter. Finally, Blue Trust Inc. lifted its stake 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 worth $124,000 after acquiring an additional 1,452 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ELS shares. Wall Street Zen cut Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Barclays upgraded Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and cut their price objective for the company from $70.00 to $67.00 in a research note on Tuesday, July 29th. Truist Financial set a $68.00 price objective on Equity Lifestyle Properties and gave the company a "buy" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada cut their price objective on Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating on the stock in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company cut their price objective on 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. One 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 company's stock. According to MarketBeat.com, Equity Lifestyle Properties presently has an average rating of "Moderate Buy" and an average target price of $71.50.

Equity Lifestyle Properties Stock Performance

ELS stock traded up $0.96 on Wednesday, reaching $60.06. The company's stock had a trading volume of 1,773,430 shares, compared to its average volume of 1,531,016. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $76.60. The company has a market capitalization of $11.64 billion, a P/E ratio of 31.12, a price-to-earnings-growth ratio of 3.23 and a beta of 0.70. The firm has a fifty day moving average of $61.19 and a two-hundred day moving average of $63.80. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.04 and a quick ratio of 0.04.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.69. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%.The business had revenue of $313.29 million during the quarter, compared to analyst estimates of $377.59 million. During the same period in the prior year, the company posted $0.66 EPS. The business's revenue for the quarter 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. As a group, analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

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. This represents a $2.06 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, September 26th. Equity Lifestyle Properties's dividend payout ratio 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.