Equity Lifestyle Properties, Inc. $ELS Holdings Boosted by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems increased its Equity Lifestyle Properties stake by 17.1% in the third quarter, bringing its holdings to 323,047 shares valued at approximately $18.8 million. Institutional investors collectively own 97.21% of ELS.
• ELS shares opened at $59.04, near the lower end of their 12-month range of $57.46 to $69.00. The company’s latest quarterly revenue rose 4.2% year over year to $409.9 million, but earnings per share of $0.45 missed estimates of $0.79.
• The REIT declared a quarterly dividend of $0.5425 per share, equal to $2.17 annually and a 3.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $67.09.

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 17.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 323,047 shares of the real estate investment trust's stock after purchasing an additional 47,200 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.17% of Equity Lifestyle Properties worth $18,843,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Versant Capital Management Inc purchased a new position in Equity Lifestyle Properties during the 3rd quarter valued at about $26,000. Parkside Financial Bank & Trust increased its position in shares of Equity Lifestyle Properties by 126.8% during the second quarter. Parkside Financial Bank & Trust now owns 415 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 232 shares during the period. Mather Group LLC. lifted its holdings in shares of Equity Lifestyle Properties by 122.0% in the third quarter. Mather Group LLC. now owns 535 shares of the real estate investment trust's stock worth $31,000 after buying an additional 294 shares in the last quarter. YANKCOM Partnership lifted its holdings in shares of Equity Lifestyle Properties by 44.9% in the third quarter. YANKCOM Partnership now owns 549 shares of the real estate investment trust's stock worth $32,000 after buying an additional 170 shares in the last quarter. Finally, Clearstead Trust LLC bought a new position in shares of Equity Lifestyle Properties in the second quarter valued at approximately $33,000. Hedge funds and other institutional investors own 97.21% of the company's stock.

Equity Lifestyle Properties Stock Up 0.3%

Shares of NYSE ELS opened at $59.04 on Friday. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average of $60.73 and a 200-day moving average of $63.52. The firm has a market capitalization of $11.50 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 3.58 and a beta of 0.63. Equity Lifestyle Properties, Inc. has a 12 month low of $57.46 and a 12 month high of $69.00.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last announced its earnings results on Wednesday, October 21st. The real estate investment trust reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.79 by ($0.34). Equity Lifestyle Properties had a net margin of 24.97% and a return on equity of 21.73%. The company had revenue of $409.90 million during the quarter, compared to analysts' expectations of $402.75 million. During the same period in the prior year, the business earned $0.75 earnings per share. The company's revenue for the quarter was up 4.2% compared to the same quarter last year. Equity Lifestyle Properties has set its Q4 2026 guidance at 0.780-0.840 EPS and its FY 2026 guidance at 3.150-3.210 EPS. Sell-side analysts expect that Equity Lifestyle Properties, Inc. will post 3.19 earnings per share for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 8th. Investors of record on Thursday, December 24th will be given a $0.5425 dividend. The ex-dividend date is Thursday, December 24th. This represents a $2.17 annualized dividend and a yield of 3.7%. Equity Lifestyle Properties's payout ratio is 106.90%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ELS. UBS Group reduced their price objective on shares of Equity Lifestyle Properties from $76.00 to $67.00 and set a "buy" rating for the company in a research note on Tuesday, October 6th. Odeon Capital Group set a $65.00 price target on shares of Equity Lifestyle Properties in a report on Thursday, July 9th. Truist Financial set a $64.00 price target on shares of Equity Lifestyle Properties and gave the company a "hold" rating in a research report on Friday, September 11th. Morgan Stanley reaffirmed a "mixed" rating and issued a $59.00 price target (down from $62.50) on shares of Equity Lifestyle Properties in a report on Wednesday, August 12th. Finally, Wells Fargo & Company set a $64.00 price objective on Equity Lifestyle Properties and gave the company an "equal weight" rating in a research note on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $67.09.

About Equity Lifestyle Properties

Equity LifeStyle Properties, Inc NYSE: ELS is a real estate investment trust that owns, operates and manages manufactured housing communities, recreational vehicle resorts and campgrounds, and marinas. Its properties are designed to provide residential and vacation accommodations, with offerings that range from long-term manufactured home sites to seasonal and transient RV sites and boat storage.

The company serves residents, vacationers and boat owners across the United States. Its portfolio is concentrated in locations with favorable climates, recreational appeal and access to coastal, lakefront or other leisure destinations.

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