Dimensional Fund Advisors LP Increases Stock Position in Equity Lifestyle Properties, Inc. $ELS

Key Points

• Dimensional Fund Advisors LP increased its holdings in Equity Lifestyle Properties, Inc. (ELS) by 1.0%, owning 2,722,268 shares worth approximately $181.57 million as of the end of the last quarter.
• The quarterly earnings report revealed that Equity Lifestyle Properties reported an EPS of $0.69, meeting analysts' expectations, with year-over-year revenue declining by 0.8% to $313.29 million.
• The company announced a quarterly dividend of $0.515, payable on October 10th, resulting in an annualized dividend yield of 3.4%, despite a high payout ratio of 106.74%.

Dimensional Fund Advisors LP boosted its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,722,268 shares of the real estate investment trust's stock after acquiring an additional 26,775 shares during the quarter. Dimensional Fund Advisors LP owned 1.42% of Equity Lifestyle Properties worth $181,574,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ELS. National Pension Service boosted 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 during 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 buying an additional 345 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in 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. Blue Trust Inc. grew its position 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 valued at $124,000 after purchasing an additional 1,452 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Equity Lifestyle Properties in the first quarter valued at approximately $141,000. 97.21% of the stock is owned by institutional investors and hedge funds.

Equity Lifestyle Properties Stock Performance

Shares of Equity Lifestyle Properties stock traded up $0.0770 during trading hours on Friday, hitting $60.4370. 1,311,264 shares of the company were exchanged, compared to its average volume of 1,826,556. The business has a 50-day moving average of $61.30 and a 200-day moving average of $63.91. The stock has a market capitalization of $11.71 billion, a price-to-earnings ratio of 31.31, a P/E/G ratio of 3.22 and a beta of 0.70. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.24. Equity Lifestyle Properties, Inc. has a 1 year low of $58.15 and a 1 year high of $76.60.

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 earnings per share (EPS) for the quarter, meeting 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 during the quarter, compared to analysts' expectations of $377.59 million. During the same period last year, the company 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. As a group, analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be given a dividend of $0.515 per share. The ex-dividend date is Friday, September 26th. This represents a $2.06 dividend on an annualized basis and a yield of 3.4%. Equity Lifestyle Properties's dividend payout ratio (DPR) is 106.74%.

Analyst Upgrades and Downgrades

ELS has been the topic of several analyst reports. 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 research note on Saturday, August 2nd. Barclays raised Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and dropped their target price for the company from $70.00 to $67.00 in a research report on Tuesday, July 29th. Truist Financial set a $68.00 target price on shares of Equity Lifestyle Properties and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, 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 for the company in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $71.50.

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.