AlphaQuest LLC Has $2.07 Million Holdings in Equity Lifestyle Properties, Inc. $ELS

Key Points

• AlphaQuest LLC significantly increased its stake in Equity Lifestyle Properties, Inc. by 31,624.5%, acquiring a total of 31,090 shares valued at approximately $2.07 million.
• The company has disclosed a quarterly dividend of $0.515 per share to be paid on October 10th, with an annualized dividend yield of 3.4% and a payout ratio of 106.74%.
• Equity Lifestyle Properties reported $0.69 earnings per share for the last quarter, matching consensus estimates, amid a .8% year-over-year revenue decline to $313.29 million.

AlphaQuest LLC lifted its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 31,624.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,090 shares of the real estate investment trust's stock after acquiring an additional 30,992 shares during the period. AlphaQuest LLC's holdings in Equity Lifestyle Properties were worth $2,074,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Brooklyn Investment Group grew its position in Equity Lifestyle Properties by 673.7% in the 1st quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 384 shares during the last quarter. National Pension Service lifted its holdings in 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 acquiring an additional 276 shares during the period. Caitong International Asset Management Co. Ltd boosted 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 worth $95,000 after buying an additional 345 shares in the last quarter. Farther Finance Advisors LLC boosted 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 worth $96,000 after buying an additional 635 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of 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 in the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Stock Down 1.1%

Shares of ELS traded down $0.6650 during midday trading on Monday, reaching $59.8050. 1,335,099 shares of the stock were exchanged, compared to its average volume of 1,529,865. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.24. The company has a market cap of $11.59 billion, a price-to-earnings ratio of 30.99, a P/E/G ratio of 3.23 and a beta of 0.70. The firm has a 50 day simple moving average of $61.30 and a 200-day simple moving average 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 analysts' consensus estimates of $0.69. The business had revenue of $313.29 million for the quarter, compared to analyst estimates of $377.59 million. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%.The firm's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm 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. Research analysts forecast that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently weighed in on ELS shares. Compass Point raised shares of Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 target price for the company in a research note on Tuesday, July 22nd. Morgan Stanley began coverage on Equity Lifestyle Properties in a report on Tuesday, July 15th. They issued a "positive" rating and a $67.50 price target for the company. Royal Bank Of Canada decreased their price target on 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 Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and cut their target price for the company from $70.00 to $67.00 in a research report on Tuesday, July 29th. Finally, Wall Street Zen lowered Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $71.50.

Equity Lifestyle Properties Company 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.