Equity Lifestyle Properties, Inc. $ELS Shares Purchased by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC significantly increased its stake in Equity Lifestyle Properties by 473.4% during the second quarter, now owning approximately 0.09% of the company valued at about $10.5 million.
• Equity Lifestyle Properties reported quarterly earnings of $0.69 per share, meeting consensus estimates, but experienced a 0.8% decline in year-over-year revenue.
• The company declared a quarterly dividend of $0.515 per share with an ex-dividend date of September 26th, resulting in an annualized yield of 3.3%.

Janney Montgomery Scott LLC lifted its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 473.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 171,005 shares of the real estate investment trust's stock after purchasing an additional 141,180 shares during the period. Janney Montgomery Scott LLC owned approximately 0.09% of Equity Lifestyle Properties worth $10,546,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its stake in shares of Equity Lifestyle Properties by 12.3% in the second quarter. Farther Finance Advisors LLC now owns 1,620 shares of the real estate investment trust's stock valued at $100,000 after purchasing an additional 178 shares during the period. GAMMA Investing LLC lifted its stake in shares of Equity Lifestyle Properties by 10.8% in the second quarter. GAMMA Investing LLC now owns 2,069 shares of the real estate investment trust's stock valued at $128,000 after purchasing an additional 201 shares during the period. Xponance Inc. lifted its stake in shares of Equity Lifestyle Properties by 0.7% in the first quarter. Xponance Inc. now owns 31,133 shares of the real estate investment trust's stock valued at $2,077,000 after purchasing an additional 203 shares during the period. GF Fund Management CO. LTD. lifted its stake in shares of Equity Lifestyle Properties by 6.8% in the first quarter. GF Fund Management CO. LTD. now owns 3,438 shares of the real estate investment trust's stock valued at $229,000 after purchasing an additional 218 shares during the period. Finally, Qtron Investments LLC lifted its stake in shares of Equity Lifestyle Properties by 4.5% in the first quarter. Qtron Investments LLC now owns 5,637 shares of the real estate investment trust's stock valued at $376,000 after purchasing an additional 242 shares during the period. Institutional investors and hedge funds own 97.21% of the company's stock.

Equity Lifestyle Properties Stock Performance

NYSE:ELS opened at $61.93 on Friday. The firm has a 50 day simple moving average of $60.45 and a 200-day simple moving average of $62.50. 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 firm has a market cap of $12.00 billion, a PE ratio of 32.09, a P/E/G ratio of 3.34 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.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $313.29 million during the quarter, compared to analyst estimates of $377.59 million. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. The company's revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business 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. On average, equities analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 EPS 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 given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, September 26th. Equity Lifestyle Properties's payout ratio is currently 106.74%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ELS shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Equity Lifestyle Properties in a research note on Saturday, September 27th. Morgan Stanley cut their target price on shares of Equity Lifestyle Properties from $67.50 to $62.50 and set an "equal weight" rating for the company in a research report on Thursday, September 4th. 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. Compass Point upgraded shares of Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 target price for the company in a research report on Tuesday, July 22nd. Finally, Wells Fargo & Company cut their target price on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $71.05.

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.

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