Northern Trust Corp Boosts Stock Holdings in Equity Lifestyle Properties, Inc. $ELS

Key Points

• Northern Trust Corp increased its ownership in Equity Lifestyle Properties by 2.8%, holding approximately 1.31% of the company valued at $167 million after acquiring an additional 69,100 shares in Q1.
• Equity Lifestyle Properties reported earnings of $0.69 per share, meeting analysts' estimates, with revenues of $313.29 million, which was down 0.8% year-over-year.
• The company declared a quarterly dividend of $0.515 per share, representing an annual yield of 3.4%, with a payout ratio of 106.74%.

Northern Trust Corp lifted its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,503,958 shares of the real estate investment trust's stock after buying an additional 69,100 shares during the period. Northern Trust Corp owned approximately 1.31% of Equity Lifestyle Properties worth $167,014,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group lifted its stake in Equity Lifestyle Properties by 673.7% during the first quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 384 shares during the last quarter. National Pension Service grew 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 valued at $43,000 after buying an additional 276 shares during the last quarter. Caitong International Asset Management Co. Ltd grew 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 valued at $95,000 after buying an additional 345 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Equity Lifestyle Properties by 78.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust's stock valued at $96,000 after buying an additional 635 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Equity Lifestyle Properties by 351.6% during the 1st quarter. Blue Trust Inc. now owns 1,865 shares of the real estate investment trust's stock worth $124,000 after acquiring an additional 1,452 shares during the period. 97.21% of the stock is currently owned by institutional investors.

Equity Lifestyle Properties Trading Up 0.1%

Equity Lifestyle Properties stock traded up $0.0770 during mid-day trading 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 debt-to-equity ratio of 0.24, a current ratio of 0.04 and a quick ratio of 0.04. The stock has a market cap of $11.71 billion, a price-to-earnings ratio of 31.31, a price-to-earnings-growth ratio of 3.23 and a beta of 0.70. The business has a 50 day moving average price of $61.30 and a 200-day moving average price of $63.88. Equity Lifestyle Properties, Inc. has a 12 month low of $58.15 and a 12 month high of $76.60.

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 EPS for the quarter, meeting the consensus estimate of $0.69. The firm had revenue of $313.29 million during the quarter, compared to the consensus estimate 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 quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm 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. As a group, analysts forecast that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be given a dividend of $0.515 per share. The ex-dividend date is Friday, September 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.4%. Equity Lifestyle Properties's payout ratio is currently 106.74%.

Wall Street Analysts Forecast Growth

ELS has been the topic of several recent research reports. Wall Street Zen cut shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Wells Fargo & Company cut their target price on Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Compass Point raised Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 target price for the company in a report on Tuesday, July 22nd. Truist Financial set a $68.00 price target on Equity Lifestyle Properties and gave the stock a "buy" rating in a report on Wednesday, July 30th. Finally, Royal Bank Of Canada dropped their price target on Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating on the stock in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.50.

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.