17 Capital Partners LLC Sells 6,408 Shares of Equity Lifestyle Properties, Inc. $ELS

Key Points

• 17 Capital Partners LLC has reduced its holdings in Equity Lifestyle Properties by 47.9%, owning 6,963 shares worth approximately $464,000 after selling 6,408 shares.
• Several hedge funds have shown varying investment trends, with Wells Fargo & Company MN increasing its stake by 31.1%, while Bessemer Group Inc. raised its stake by 121.4% during the last quarter.
• Equity Lifestyle Properties announced a quarterly dividend of $0.515 per share, reflecting a yield of 3.4%, with a payout ratio currently at 106.74%.

17 Capital Partners LLC lessened its position in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 47.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,963 shares of the real estate investment trust's stock after selling 6,408 shares during the period. 17 Capital Partners LLC's holdings in Equity Lifestyle Properties were worth $464,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bessemer Group Inc. increased its holdings in Equity Lifestyle Properties by 121.4% in the 4th quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 210 shares in the last quarter. National Pension Service increased 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 purchasing an additional 276 shares in the last quarter. Caitong International Asset Management Co. Ltd grew 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 valued at $95,000 after buying an additional 345 shares during the last quarter. Farther Finance Advisors LLC grew 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 valued at $96,000 after buying an additional 635 shares during the last quarter. Finally, Blue Trust Inc. grew 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 valued at $124,000 after buying an additional 1,452 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on ELS. Barclays upgraded Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and reduced their price target for the company from $70.00 to $67.00 in a research report on Tuesday, July 29th. BMO Capital Markets reduced their price target on Equity Lifestyle Properties from $78.00 to $77.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Royal Bank Of Canada reduced their price target on Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating on the stock in a research report on Wednesday, July 23rd. Wall Street Zen lowered Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Finally, Compass Point upgraded Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price target on the stock in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $71.50.

Equity Lifestyle Properties Trading Up 1.9%

Shares of Equity Lifestyle Properties stock traded up $1.1440 on Tuesday, hitting $60.6640. 1,702,022 shares of the company's stock traded hands, compared to its average volume of 1,973,049. Equity Lifestyle Properties, Inc. has a one year low of $58.15 and a one year high of $76.60. 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 fifty day moving average of $61.43 and a two-hundred day moving average of $64.00. The company has a market capitalization of $11.76 billion, a price-to-earnings ratio of 31.43, a price-to-earnings-growth ratio of 3.18 and a beta of 0.70.

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 the consensus estimate of $0.69. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%.The company had revenue of $313.29 million for the quarter, compared to analyst estimates of $377.59 million. During the same quarter in the prior year, the company earned $0.66 EPS. The firm's revenue for the quarter was down .8% compared to the same quarter last year. 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, sell-side analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be issued 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 dividend payout ratio is presently 106.74%.

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.