Equity Lifestyle Properties, Inc. $ELS Shares Bought by Walleye Capital LLC

Key Points

• Walleye Capital LLC increased its stake in Equity Lifestyle Properties, Inc. by 58.1%, owning a total of 14,035 shares worth $936,000 as of the last reporting period.
• Equity Lifestyle Properties recently reported earnings of $0.69 per share, meeting expectations, but its revenue fell short at $313.29 million compared to the forecast of $377.59 million.
• The company has declared a quarterly dividend of $0.515 per share, which represents an annualized yield of 3.4%, with the ex-dividend date set for September 26th.

Walleye Capital LLC boosted its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 58.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,035 shares of the real estate investment trust's stock after acquiring an additional 5,155 shares during the period. Walleye Capital LLC's holdings in Equity Lifestyle Properties were worth $936,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in Equity Lifestyle Properties by 4.6% during the first quarter. Principal Financial Group Inc. now owns 6,349,010 shares of the real estate investment trust's stock worth $423,479,000 after acquiring an additional 278,193 shares during the last quarter. QRG Capital Management Inc. grew its holdings in shares of Equity Lifestyle Properties by 11.1% during the first quarter. QRG Capital Management Inc. now owns 11,602 shares of the real estate investment trust's stock worth $774,000 after buying an additional 1,162 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of 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 worth $96,000 after buying an additional 635 shares in the last quarter. Dupont Capital Management Corp grew its holdings in shares of Equity Lifestyle Properties by 33.8% during the first quarter. Dupont Capital Management Corp now owns 145,004 shares of the real estate investment trust's stock worth $9,672,000 after buying an additional 36,655 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Equity Lifestyle Properties by 3.2% during the first quarter. KBC Group NV now owns 145,262 shares of the real estate investment trust's stock worth $9,689,000 after buying an additional 4,450 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company's stock.

Wall Street Analysts Forecast Growth

ELS has been the subject of a number of recent research reports. Barclays upgraded shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and lowered their price target for the stock from $70.00 to $67.00 in a report on Tuesday, July 29th. Wall Street Zen downgraded shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Truist Financial set a $68.00 price target on shares of Equity Lifestyle Properties and gave the stock a "buy" rating in a report on Wednesday, July 30th. Royal Bank Of Canada lowered 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 report on Wednesday, July 23rd. Finally, Compass Point upgraded shares of Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price target for the company in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $71.50.

Equity Lifestyle Properties Price Performance

Equity Lifestyle Properties stock opened at $60.23 on Friday. Equity Lifestyle Properties, Inc. has a 1 year low of $58.15 and a 1 year high of $76.60. The firm has a 50 day moving average price of $61.01 and a 200 day moving average price of $63.67. The company has a market cap of $11.67 billion, a price-to-earnings ratio of 31.21, a PEG ratio of 3.25 and a beta of 0.70. 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 announced its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share for the quarter, meeting analysts' consensus estimates of $0.69. The firm had revenue of $313.29 million for the quarter, compared to analysts' expectations of $377.59 million. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. Equity Lifestyle Properties's revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.66 earnings per share. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q3 2025 guidance at 0.720-0.780 EPS. Sell-side analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

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

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