Equity Lifestyle Properties, Inc. $ELS Shares Sold by Asset Management One Co. Ltd.

Key Points

• Asset Management One Co. Ltd. has decreased its stake in Equity Lifestyle Properties, Inc. by 2.0%, now owning 406,440 shares valued at approximately $25.07 million.
• The company reported earnings of $0.75 per share for the recent quarter, meeting analyst expectations, with a total revenue of $393.31 million, up 1.5% year-over-year.
• Equity Lifestyle Properties has announced a quarterly dividend of $0.515, resulting in an annual yield of 3.3% and a current dividend payout ratio of 103.52%.

Asset Management One Co. Ltd. lowered its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 2.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 406,440 shares of the real estate investment trust's stock after selling 8,084 shares during the period. Asset Management One Co. Ltd. owned approximately 0.21% of Equity Lifestyle Properties worth $25,065,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ELS. Robeco Institutional Asset Management B.V. grew its holdings in shares of Equity Lifestyle Properties by 2.3% in the first quarter. Robeco Institutional Asset Management B.V. now owns 182,152 shares of the real estate investment trust's stock valued at $12,150,000 after purchasing an additional 4,034 shares in the last quarter. KBC Group NV grew its holdings in shares of Equity Lifestyle Properties by 3.2% in the first quarter. KBC Group NV now owns 145,262 shares of the real estate investment trust's stock valued at $9,689,000 after purchasing an additional 4,450 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of Equity Lifestyle Properties by 0.4% in the first quarter. New York State Teachers Retirement System now owns 134,668 shares of the real estate investment trust's stock valued at $8,982,000 after purchasing an additional 600 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Equity Lifestyle Properties by 93.0% in the first quarter. Teacher Retirement System of Texas now owns 32,432 shares of the real estate investment trust's stock valued at $2,163,000 after purchasing an additional 15,632 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Equity Lifestyle Properties by 4.6% in the first quarter. Principal Financial Group Inc. now owns 6,349,010 shares of the real estate investment trust's stock valued at $423,479,000 after purchasing an additional 278,193 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company's stock.

Equity Lifestyle Properties Trading Up 1.0%

Shares of Equity Lifestyle Properties stock opened at $61.61 on Friday. The company has a fifty day simple moving average of $61.05 and a 200-day simple moving average of $62.12. Equity Lifestyle Properties, Inc. has a 12-month low of $58.15 and a 12-month high of $73.67. The company has a current ratio of 0.05, a quick ratio of 0.04 and a debt-to-equity ratio of 0.27. The stock has a market cap of $11.94 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 3.32 and a beta of 0.71.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. Equity Lifestyle Properties had a net margin of 24.97% and a return on equity of 20.99%. The business had revenue of $393.31 million during the quarter, compared to analysts' expectations of $389.39 million. During the same quarter in the prior year, the business posted $0.72 EPS. The company's revenue for the quarter was up 1.5% on a year-over-year basis. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q4 2025 guidance at 0.750-0.810 EPS. On average, equities analysts forecast 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 was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued a $0.515 dividend. The ex-dividend date was Friday, September 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.3%. Equity Lifestyle Properties's dividend payout ratio is presently 103.52%.

Analyst Ratings Changes

Several research analysts have commented on ELS shares. 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. Evercore ISI lowered their price target on shares of Equity Lifestyle Properties from $67.00 to $65.00 and set an "inline" rating for the company in a report on Thursday. 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. Wells Fargo & Company lowered their price target on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Finally, Wall Street Zen cut shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.32.

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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