Equity Lifestyle Properties, Inc. $ELS Shares Bought by Northern Trust Corp

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 grew its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 2.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,503,958 shares of the real estate investment trust's stock after acquiring an additional 69,100 shares during the period. Northern Trust Corp owned about 1.31% of Equity Lifestyle Properties worth $167,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group grew its position in shares of Equity Lifestyle Properties by 673.7% during the 1st quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 384 shares during the period. National Pension Service boosted its holdings in 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 period. Caitong International Asset Management Co. Ltd boosted its holdings in 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 period. Farther Finance Advisors LLC boosted its holdings in 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 worth $96,000 after buying an additional 635 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Equity Lifestyle Properties by 351.6% in the 1st quarter. Blue Trust Inc. now owns 1,865 shares of the real estate investment trust's stock worth $124,000 after buying an additional 1,452 shares during the period. Institutional investors own 97.21% of the company's stock.

Equity Lifestyle Properties Price Performance

Shares of NYSE ELS traded up $0.96 during mid-day trading on Wednesday, hitting $60.06. 1,773,430 shares of the company's stock traded hands, compared to its average volume of 1,798,145. The company's 50-day moving average is $61.13 and its two-hundred day moving average is $63.77. 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 company has a market capitalization of $11.64 billion, a P/E ratio of 31.12, a PEG ratio of 3.19 and a beta of 0.70. Equity Lifestyle Properties, Inc. has a 1 year low of $58.15 and a 1 year high of $76.60.

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, 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 company had revenue of $313.29 million for the quarter, compared to analyst estimates of $377.59 million. During the same period in the prior year, the company posted $0.66 EPS. The firm'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 analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders 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 yield of 3.4%. The ex-dividend date is Friday, September 26th. Equity Lifestyle Properties's dividend payout ratio is currently 106.74%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ELS. Wall Street Zen downgraded shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Royal Bank Of Canada dropped their target price 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. Barclays raised shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and dropped their price objective for the company from $70.00 to $67.00 in a report on Tuesday, July 29th. Morgan Stanley assumed coverage on shares of Equity Lifestyle Properties in a report on Tuesday, July 15th. They set a "positive" rating and a $67.50 price objective for the company. Finally, Truist Financial set a $68.00 price objective on shares of Equity Lifestyle Properties and gave the company a "buy" rating in a report on Wednesday, July 30th. One research 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. Based on data from MarketBeat.com, the company presently has an average 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.