6,760 Shares in Equity Lifestyle Properties, Inc. $ELS Acquired by FORA Capital LLC

Key Points

• FORA Capital LLC invested $451,000 in Equity Lifestyle Properties, acquiring 6,760 shares in the real estate investment trust during the first quarter.
• Equity Lifestyle Properties declared a quarterly dividend of $0.515 per share, representing a 3.5% dividend yield, despite a high payout ratio of 106.74%.
• The company reported earnings of $0.69 per share for the last quarter, matching analysts' expectations, while revenues decreased by 0.8% year-over-year to $313.29 million.

FORA Capital LLC purchased a new stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 6,760 shares of the real estate investment trust's stock, valued at approximately $451,000.

A number of other large investors have also added to or reduced their stakes in ELS. Brooklyn Investment Group grew its holdings in 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 valued at $29,000 after purchasing an additional 384 shares in the last quarter. National Pension Service grew its holdings in Equity Lifestyle Properties by 75.0% during the 1st quarter. National Pension Service now owns 644 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 276 shares in the last quarter. SVB Wealth LLC acquired a new stake in Equity Lifestyle Properties during the 1st quarter valued at approximately $61,000. Caitong International Asset Management Co. Ltd grew its stake in Equity Lifestyle Properties by 31.9% during 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 purchasing an additional 345 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Equity Lifestyle Properties by 78.7% during 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 purchasing an additional 635 shares in the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ELS has been the subject of a number of recent analyst reports. Royal Bank Of Canada lowered their price objective on 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. Truist Financial set a $68.00 price objective on Equity Lifestyle Properties and gave the company a "buy" rating in a research note on Wednesday, July 30th. Wells Fargo & Company lowered their price objective on Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Compass Point upgraded Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price objective for the company in a research note on Tuesday, July 22nd. Finally, Barclays upgraded 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. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $71.50.

Equity Lifestyle Properties Stock Performance

ELS stock traded down $1.08 during midday trading on Tuesday, reaching $59.21. The company had a trading volume of 743,487 shares, compared to its average volume of 1,523,459. 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 stock has a 50 day moving average price of $60.94 and a 200 day moving average price of $63.61. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $76.60. The firm has a market capitalization of $11.47 billion, a PE ratio of 30.68, a P/E/G ratio of 3.25 and a beta of 0.73.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly 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 net margin of 24.13% and a return on equity of 21.12%. The company had revenue of $313.29 million for the quarter, compared to analyst estimates of $377.59 million. During the same quarter last year, the business earned $0.66 earnings per share. Equity Lifestyle Properties's revenue 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. Analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, September 26th. Equity Lifestyle Properties's dividend payout ratio is currently 106.74%.

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.