Commerzbank Aktiengesellschaft FI Grows Position in Equity Lifestyle Properties, Inc. $ELS

Key Points

• Commerzbank Aktiengesellschaft FI increased its stake in Equity Lifestyle Properties, Inc. by 114.7% during the 2nd quarter, now owning 7,754 shares valued at approximately $479,000.
• The company reported earnings of $0.69 per share for the recent quarter, matching analysts' expectations, but its revenue of $313.29 million fell short of the forecast of $377.59 million.
• Equity Lifestyle Properties announced a quarterly dividend of $0.515 per share, resulting in an annual yield of 3.3%, with a payout ratio currently at 106.74%.

Commerzbank Aktiengesellschaft FI boosted its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 114.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,754 shares of the real estate investment trust's stock after purchasing an additional 4,142 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Equity Lifestyle Properties were worth $479,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in Equity Lifestyle Properties by 4.6% during the 1st quarter. Principal Financial Group Inc. now owns 6,349,010 shares of the real estate investment trust's stock worth $423,479,000 after purchasing an additional 278,193 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Equity Lifestyle Properties by 11.1% in the 1st quarter. QRG Capital Management Inc. now owns 11,602 shares of the real estate investment trust's stock valued at $774,000 after acquiring an additional 1,162 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Equity Lifestyle Properties by 78.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust's stock valued at $96,000 after acquiring an additional 635 shares during the last quarter. Dupont Capital Management Corp boosted its holdings in shares of Equity Lifestyle Properties by 33.8% in the 1st quarter. Dupont Capital Management Corp now owns 145,004 shares of the real estate investment trust's stock valued at $9,672,000 after acquiring an additional 36,655 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Equity Lifestyle Properties by 3.2% in the 1st quarter. KBC Group NV now owns 145,262 shares of the real estate investment trust's stock valued at $9,689,000 after acquiring an additional 4,450 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company's stock.

Equity Lifestyle Properties Stock Performance

Shares of NYSE ELS opened at $63.30 on Friday. The company's fifty day moving average price is $60.75 and its 200 day moving average price is $62.35. Equity Lifestyle Properties, Inc. has a 1 year low of $58.15 and a 1 year high of $73.67. The company has a market capitalization of $12.27 billion, a PE ratio of 32.80, a price-to-earnings-growth ratio of 3.39 and a beta of 0.71. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.04 and a current ratio of 0.04.

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, 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 firm had revenue of $313.29 million for the quarter, compared to the consensus estimate of $377.59 million. During the same period in the prior year, the firm posted $0.66 earnings per share. 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 predict that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were given a dividend of $0.515 per share. The ex-dividend date was Friday, September 26th. This represents a $2.06 dividend on an annualized basis and a yield of 3.3%. Equity Lifestyle Properties's dividend payout ratio is currently 106.74%.

Wall Street Analyst Weigh In

ELS has been the topic of several recent research reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Equity Lifestyle Properties in a report on Wednesday. Compass Point raised shares of Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price objective on the stock in a report on Tuesday, July 22nd. Wells Fargo & Company dropped their price objective on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Wall Street Zen downgraded shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Finally, Royal Bank Of Canada dropped their price objective on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating on the stock in a report on Wednesday, July 23rd. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $71.05.

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.

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