Equity Lifestyle Properties, Inc. $ELS Position Lifted by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its stake in Equity Lifestyle Properties, Inc. by 7.8%, owning 175,348 shares valued at approximately $10.8 million as of the end of the second quarter.
• Wall Street analysts have varying opinions on the stock, with a consensus rating of "Moderate Buy" and an average price target of $71.05, but some firms have issued "sell" ratings amid different growth projections.
• The company recently announced a quarterly dividend of $0.515 per share, reflecting an annualized yield of 3.3%, but its payout ratio is currently at 106.74%.

Aberdeen Group plc raised its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 7.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 175,348 shares of the real estate investment trust's stock after acquiring an additional 12,696 shares during the quarter. Aberdeen Group plc owned approximately 0.09% of Equity Lifestyle Properties worth $10,814,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Brooklyn Investment Group lifted its position in shares of Equity Lifestyle Properties by 673.7% in the 1st quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust's stock worth $29,000 after buying an additional 384 shares during the last quarter. National Pension Service lifted its position in shares of Equity Lifestyle Properties by 75.0% in the 1st quarter. National Pension Service now owns 644 shares of the real estate investment trust's stock worth $43,000 after buying an additional 276 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Equity Lifestyle Properties by 874.7% in the 2nd quarter. IFP Advisors Inc now owns 848 shares of the real estate investment trust's stock worth $52,000 after buying an additional 761 shares during the last quarter. SVB Wealth LLC bought a new position in shares of Equity Lifestyle Properties in the 1st quarter worth about $61,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Equity Lifestyle Properties by 31.9% in the 1st 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 during the last quarter. 97.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ELS. Truist Financial set a $68.00 price objective on shares of Equity Lifestyle Properties and gave the stock a "buy" rating in a report on Wednesday, July 30th. Wall Street Zen cut shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Barclays raised shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and lowered their target price for the company from $70.00 to $67.00 in a research note on Tuesday, July 29th. Morgan Stanley lowered their target price on shares of Equity Lifestyle Properties from $67.50 to $62.50 and set an "equal weight" rating on the stock in a research note on Thursday, September 4th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Equity Lifestyle Properties in a research note on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $71.05.

Equity Lifestyle Properties Trading Up 0.1%

Equity Lifestyle Properties stock opened at $62.25 on Thursday. The firm has a market cap of $12.06 billion, a price-to-earnings ratio of 32.25, a price-to-earnings-growth ratio of 3.36 and a beta of 0.71. Equity Lifestyle Properties, Inc. has a 1 year low of $58.15 and a 1 year high of $73.67. The firm's 50 day moving average price is $60.79 and its two-hundred day moving average price is $62.27. 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 released its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share for the quarter, hitting the consensus estimate of $0.69. The business 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 company's revenue was down .8% compared to the same quarter last year. During the same period last year, the company posted $0.66 EPS. 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 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

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

Want to see what other hedge funds are holding ELS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.