Equity Lifestyle Properties, Inc. $ELS Shares Purchased by Vanderbilt University

Key Points

• Vanderbilt University significantly increased its stake in Equity Lifestyle Properties, Inc. by 214.2% during the second quarter, now holding 41,619 shares valued at approximately $2.57 million.
• The company's latest quarterly earnings reported an EPS of $0.69, matching analyst expectations, but revenue declined by 0.8% year-over-year.
• Equity Lifestyle Properties declared a quarterly dividend of $0.515, resulting in a 3.4% dividend yield, despite a high payout ratio of 106.74%.

Vanderbilt University grew its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 214.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,619 shares of the real estate investment trust's stock after acquiring an additional 28,371 shares during the period. Vanderbilt University's holdings in Equity Lifestyle Properties were worth $2,567,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Brooklyn Investment Group lifted 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 worth $29,000 after purchasing an additional 384 shares during the last quarter. National Pension Service raised its holdings in shares of Equity Lifestyle Properties by 75.0% in the first 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. SVB Wealth LLC purchased a new stake in shares of Equity Lifestyle Properties in the first quarter valued at about $61,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Equity Lifestyle Properties by 31.9% in 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 buying an additional 345 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings 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 worth $96,000 after purchasing an additional 635 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company's stock.

Equity Lifestyle Properties Price Performance

Shares of ELS stock opened at $61.14 on Friday. The firm has a market cap of $11.85 billion, a P/E ratio of 31.68, a P/E/G ratio of 3.29 and a beta of 0.71. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.04 and a quick ratio of 0.04. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $73.67. The firm has a fifty day moving average of $60.40 and a two-hundred day moving average of $62.59.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share for the quarter, hitting the consensus estimate of $0.69. The company 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 firm's revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the business earned $0.66 EPS. 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, research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be issued a $0.515 dividend. The ex-dividend date of this dividend 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 106.74%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ELS shares. Barclays raised shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and cut their price target for the stock from $70.00 to $67.00 in a report on Tuesday, July 29th. Wells Fargo & Company lowered their price target 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. Morgan Stanley decreased their target price on shares of Equity Lifestyle Properties from $67.50 to $62.50 and set an "equal weight" rating on the stock in a research report on Thursday, September 4th. Compass Point upgraded shares of Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price target on the stock in a report on Tuesday, July 22nd. Finally, Wall Street Zen lowered shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $71.05.

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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