Algert Global LLC Has $4.49 Million Stock Position in Equity Lifestyle Properties, Inc. $ELS

Key Points

• Algert Global LLC increased its holdings in Equity Lifestyle Properties, Inc. by 80.1%, now owning 67,285 shares valued at approximately $4.49 million.
• Equity Lifestyle Properties reported a quarterly earnings per share of $0.69, meeting analysts' expectations, but experienced a 0.8% decline in revenue year-over-year.
• The company declared a quarterly dividend of $0.515 per share, with a dividend yield of 3.5% and a payout ratio of 106.74%.

Algert Global LLC lifted its position in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 80.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,285 shares of the real estate investment trust's stock after acquiring an additional 29,935 shares during the period. Algert Global LLC's holdings in Equity Lifestyle Properties were worth $4,488,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. National Pension Service grew its position in Equity Lifestyle Properties by 75.0% during the first quarter. National Pension Service now owns 644 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 276 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in Equity Lifestyle Properties by 31.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,426 shares of the real estate investment trust's stock valued at $95,000 after purchasing an additional 345 shares in the last quarter. Farther Finance Advisors LLC grew its position in Equity Lifestyle Properties by 78.7% during the first quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust's stock valued at $96,000 after purchasing an additional 635 shares in the last quarter. Blue Trust Inc. grew its position in Equity Lifestyle Properties by 351.6% during 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 purchased a new position in Equity Lifestyle Properties during the first quarter valued at approximately $141,000. 97.21% of the stock is owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Stock Up 0.1%

ELS stock traded up $0.0770 during trading hours on Friday, hitting $60.4370. The company's stock had a trading volume of 1,311,264 shares, compared to its average volume of 1,823,005. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $11.71 billion, a PE ratio of 31.31, a price-to-earnings-growth ratio of 3.23 and a beta of 0.70. Equity Lifestyle Properties, Inc. has a 12 month low of $58.15 and a 12 month high of $76.60. The stock has a 50 day moving average price of $61.30 and a two-hundred day moving average price of $63.88.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share 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 business had revenue of $313.29 million during the quarter, compared to analysts' expectations of $377.59 million. During the same period in the previous year, the company earned $0.66 earnings per share. Equity Lifestyle Properties's revenue for the quarter 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, equities research analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Wells Fargo & Company lowered 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 research report on Thursday, July 24th. 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 research report on Tuesday, July 22nd. Morgan Stanley started coverage on shares of Equity Lifestyle Properties in a research report on Tuesday, July 15th. They issued a "positive" rating and a $67.50 target price for the company. Truist Financial set a $68.00 target price on shares of Equity Lifestyle Properties and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Wall Street Zen downgraded shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. One 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $71.50.

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.