Ceredex Value Advisors LLC Increases Position in Equity Lifestyle Properties, Inc. $ELS

Key Points

• Ceredex Value Advisors LLC increased its stake in Equity Lifestyle Properties, acquiring an additional 235,942 shares, which represents a 43.0% increase, bringing its total holdings to 784,291 shares.
• Equity Lifestyle Properties reported $0.69 earnings per share (EPS) for the last quarter, meeting analyst estimates, but had revenue of $313.29 million, falling short of expectations of $377.59 million.
• The company announced a quarterly dividend of $0.515 per share, with a dividend yield of 3.4%, set to be paid on October 10th to stockholders of record by September 26th.

Ceredex Value Advisors LLC increased its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 43.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 784,291 shares of the real estate investment trust's stock after buying an additional 235,942 shares during the period. Equity Lifestyle Properties accounts for about 1.1% of Ceredex Value Advisors LLC's holdings, making the stock its 22nd largest holding. Ceredex Value Advisors LLC owned 0.41% of Equity Lifestyle Properties worth $52,312,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Beese Fulmer Investment Management Inc. boosted its holdings in Equity Lifestyle Properties by 2.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 7,995 shares of the real estate investment trust's stock worth $533,000 after acquiring an additional 200 shares in the last quarter. Xponance Inc. raised its holdings in Equity Lifestyle Properties by 0.7% in the 1st quarter. Xponance Inc. now owns 31,133 shares of the real estate investment trust's stock worth $2,077,000 after purchasing an additional 203 shares during the period. GF Fund Management CO. LTD. raised its holdings in Equity Lifestyle Properties by 6.8% in the 1st quarter. GF Fund Management CO. LTD. now owns 3,438 shares of the real estate investment trust's stock worth $229,000 after purchasing an additional 218 shares during the period. Qtron Investments LLC raised its holdings in Equity Lifestyle Properties by 4.5% in the 1st quarter. Qtron Investments LLC now owns 5,637 shares of the real estate investment trust's stock worth $376,000 after purchasing an additional 242 shares during the period. Finally, Townsquare Capital LLC raised its holdings in Equity Lifestyle Properties by 2.0% in the 1st quarter. Townsquare Capital LLC now owns 12,756 shares of the real estate investment trust's stock worth $851,000 after purchasing an additional 251 shares during the period. 97.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on ELS shares. Morgan Stanley started coverage on Equity Lifestyle Properties in a report on Tuesday, July 15th. They set a "positive" rating and a $67.50 price target on the stock. Wall Street Zen cut Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Barclays raised Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and decreased their price target for the company from $70.00 to $67.00 in a report on Tuesday, July 29th. Truist Financial set a $68.00 price target on Equity Lifestyle Properties and gave the company a "buy" rating in a report on Wednesday, July 30th. Finally, Compass Point raised Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price target on the stock in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $71.50.

Equity Lifestyle Properties Price Performance

Shares of Equity Lifestyle Properties stock traded up $0.59 during trading on Friday, reaching $60.23. 1,428,142 shares of the stock traded hands, compared to its average volume of 1,648,925. The company has a market capitalization of $11.67 billion, a price-to-earnings ratio of 31.21, a P/E/G ratio of 3.25 and a beta of 0.70. The business has a fifty day simple moving average of $61.01 and a two-hundred day simple moving average of $63.67. 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, 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 released its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.69 EPS for the quarter, hitting the consensus estimate of $0.69. The company had revenue of $313.29 million during the quarter, compared to analyst estimates of $377.59 million. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%.The firm's revenue was down .8% on a year-over-year basis. During the same quarter last year, the business 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. Sell-side analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

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 given a $0.515 dividend. The ex-dividend date is Friday, September 26th. This represents a $2.06 annualized dividend and a yield of 3.4%. Equity Lifestyle Properties's dividend payout ratio (DPR) is currently 106.74%.

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.