Equity Lifestyle Properties, Inc. $ELS Shares Sold by Johnson Investment Counsel Inc.

Key Points

• Johnson Investment Counsel Inc. has reduced its stake in Equity Lifestyle Properties, Inc. by 63.8%, owning 8,660 shares valued at approximately $534,000 after selling 15,250 shares.
• The company announced a quarterly dividend of $0.515 per share, with an annualized yield of 3.3% and a payout ratio currently at 106.74%.
• Equity Lifestyle Properties reported $0.69 EPS for the last quarter, aligning with analysts’ expectations, but had a revenue of $313.29 million, below the projected $377.59 million.

Johnson Investment Counsel Inc. cut its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 63.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,660 shares of the real estate investment trust's stock after selling 15,250 shares during the period. Johnson Investment Counsel Inc.'s holdings in Equity Lifestyle Properties were worth $534,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ELS. Farther Finance Advisors LLC boosted its stake in shares of Equity Lifestyle Properties by 78.7% in the first quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust's stock valued at $96,000 after purchasing an additional 635 shares during the period. Ritholtz Wealth Management boosted its stake in shares of Equity Lifestyle Properties by 23.6% in the first quarter. Ritholtz Wealth Management now owns 8,989 shares of the real estate investment trust's stock valued at $600,000 after purchasing an additional 1,716 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of Equity Lifestyle Properties by 11.3% in the first quarter. Exchange Traded Concepts LLC now owns 14,004 shares of the real estate investment trust's stock valued at $934,000 after purchasing an additional 1,420 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Equity Lifestyle Properties by 2.6% in the first quarter. Janney Montgomery Scott LLC now owns 29,825 shares of the real estate investment trust's stock valued at $1,989,000 after purchasing an additional 757 shares during the period. Finally, QRG Capital Management Inc. boosted its stake in shares of Equity Lifestyle Properties by 11.1% in the first quarter. QRG Capital Management Inc. now owns 11,602 shares of the real estate investment trust's stock valued at $774,000 after purchasing an additional 1,162 shares during the period. Hedge funds and other institutional investors own 97.21% of the company's stock.

Equity Lifestyle Properties Stock Performance

Shares of Equity Lifestyle Properties stock opened at $62.25 on Thursday. The firm's fifty day simple moving average is $60.79 and its 200-day simple moving average is $62.27. The stock has a market capitalization of $12.06 billion, a price-to-earnings ratio of 32.25, a PEG ratio of 3.36 and a beta of 0.71. Equity Lifestyle Properties, Inc. has a 12 month low of $58.15 and a 12 month high of $73.67. 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 (NYSE:ELS - Get Free Report) last announced its earnings results on Monday, July 21st. The real estate investment trust reported $0.69 EPS for the quarter, meeting analysts' consensus estimates of $0.69. The business had revenue of $313.29 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the previous year, the company posted $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, equities analysts forecast that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The firm 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. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, September 26th. Equity Lifestyle Properties's payout ratio is presently 106.74%.

Wall Street Analyst Weigh In

ELS has been the subject of several recent research reports. Morgan Stanley lowered their price objective on shares of Equity Lifestyle Properties from $67.50 to $62.50 and set an "equal weight" rating for the company in a research note on Thursday, September 4th. Barclays raised shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and lowered their price objective for the company from $70.00 to $67.00 in a research note on Tuesday, July 29th. Royal Bank Of Canada decreased their price target on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 23rd. Wall Street Zen downgraded shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Equity Lifestyle Properties in a research note on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Equity Lifestyle Properties has an average rating of "Moderate Buy" and an average price target 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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