EntryPoint Capital LLC Makes New $925,000 Investment in Equity Lifestyle Properties, Inc. $ELS

Key Points

• EntryPoint Capital LLC has invested $925,000 in Equity Lifestyle Properties, Inc., acquiring 13,874 shares, which now make it the 6th largest position in their portfolio.
• Several institutional investors, including Nuveen LLC and Victory Capital Management Inc., have increased their holdings in Equity Lifestyle Properties, reflecting strong institutional interest in the stock.
• Equity Lifestyle Properties recently announced a quarterly dividend of $0.515 per share, representing a 3.4% dividend yield, despite a high dividend payout ratio of 106.74%.

EntryPoint Capital LLC bought a new position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,874 shares of the real estate investment trust's stock, valued at approximately $925,000. Equity Lifestyle Properties comprises 0.4% of EntryPoint Capital LLC's portfolio, making the stock its 6th biggest holding.

A number of other hedge funds have also recently bought and sold shares of ELS. Nuveen LLC acquired a new stake in Equity Lifestyle Properties during the first quarter worth approximately $142,937,000. Northern Trust Corp raised its stake in Equity Lifestyle Properties by 43.3% during the fourth quarter. Northern Trust Corp now owns 2,434,858 shares of the real estate investment trust's stock worth $162,162,000 after purchasing an additional 735,580 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Equity Lifestyle Properties by 15.1% in the 1st quarter. Victory Capital Management Inc. now owns 5,330,066 shares of the real estate investment trust's stock valued at $355,515,000 after purchasing an additional 699,877 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Equity Lifestyle Properties by 221.2% in the 4th quarter. Millennium Management LLC now owns 975,391 shares of the real estate investment trust's stock valued at $64,961,000 after purchasing an additional 671,703 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Equity Lifestyle Properties by 12.7% in the 1st quarter. JPMorgan Chase & Co. now owns 4,209,452 shares of the real estate investment trust's stock valued at $280,771,000 after purchasing an additional 474,495 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ELS shares. Royal Bank Of Canada decreased 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 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 report on Tuesday, July 22nd. Truist Financial set a $68.00 price target on shares of Equity Lifestyle Properties and gave the company a "buy" rating in a report on Wednesday, July 30th. Morgan Stanley began coverage on shares of Equity Lifestyle Properties in a report on Tuesday, July 15th. They issued a "positive" rating and a $67.50 price target on the stock. Finally, Barclays raised shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and cut their target price for the company from $70.00 to $67.00 in a research note on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $71.50.

Equity Lifestyle Properties Stock Up 0.1%

Equity Lifestyle Properties stock traded up $0.0770 during midday trading on Friday, hitting $60.4370. 1,311,264 shares of the stock were exchanged, compared to its average volume of 1,826,556. 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 cap of $11.71 billion, a P/E ratio of 31.31, a P/E/G ratio of 3.22 and a beta of 0.70. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.04 and a quick ratio of 0.04. The company has a 50 day moving average price of $61.30 and a two-hundred day moving average price of $63.91.

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 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 quarter in the previous year, the firm posted $0.66 EPS. The firm's quarterly revenue was down .8% on a year-over-year basis. 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, sell-side analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

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

Equity Lifestyle Properties 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.