Fox Run Management L.L.C. Takes Position in Equity Lifestyle Properties, Inc. $ELS

Key Points

• Fox Run Management L.L.C. has acquired a new stake valued at approximately $1.22 million in Equity Lifestyle Properties, acquiring 18,236 shares of the company.
• Equity Lifestyle Properties recently declared a $0.515 quarterly dividend, with a payout ratio of 106.74% and an annualized yield of 3.4%.
• The company's stock is currently valued at $60.37, and it has a market capitalization of $11.70 billion with a recent price-to-earnings ratio of 31.28.

Fox Run Management L.L.C. purchased a new position in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,236 shares of the real estate investment trust's stock, valued at approximately $1,216,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Beese Fulmer Investment Management Inc. increased its stake in Equity Lifestyle Properties by 2.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 7,995 shares of the real estate investment trust's stock worth $533,000 after purchasing an additional 200 shares during the period. Xponance Inc. increased its stake in Equity Lifestyle Properties by 0.7% in the first quarter. Xponance Inc. now owns 31,133 shares of the real estate investment trust's stock worth $2,077,000 after purchasing an additional 203 shares during the period. Bessemer Group Inc. increased its stake in Equity Lifestyle Properties by 121.4% in the fourth 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 during the period. GF Fund Management CO. LTD. increased its stake in Equity Lifestyle Properties by 6.8% in the first quarter. GF Fund Management CO. LTD. now owns 3,438 shares of the real estate investment trust's stock worth $229,000 after purchasing an additional 218 shares during the period. Finally, Townsquare Capital LLC increased its stake in Equity Lifestyle Properties by 2.0% in the first quarter. Townsquare Capital LLC now owns 12,756 shares of the real estate investment trust's stock worth $851,000 after purchasing an additional 251 shares during the period. 97.21% of the stock is currently owned by institutional investors.

Equity Lifestyle Properties Stock Up 0.1%

ELS stock traded up $0.05 during trading on Wednesday, reaching $60.78. 265,965 shares of the company traded hands, compared to its average volume of 1,526,929. Equity Lifestyle Properties, Inc. has a 12 month low of $58.15 and a 12 month high of $76.60. The business has a 50 day simple moving average of $61.43 and a 200 day simple moving average of $64.00. The company has a market capitalization of $11.78 billion, a price-to-earnings ratio of 31.54, a price-to-earnings-growth ratio of 3.18 and a beta of 0.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.04 and a current ratio of 0.04.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share for the quarter, hitting the consensus estimate of $0.69. The business had revenue of $313.29 million during the quarter, compared to the consensus estimate of $377.59 million. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%.The company's quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the company earned $0.66 earnings per share. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q3 2025 guidance at 0.720-0.780 EPS. On average, equities research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, September 26th. Equity Lifestyle Properties's dividend payout ratio (DPR) is currently 106.74%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ELS. Wells Fargo & Company dropped their price target on Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. BMO Capital Markets dropped 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. Truist Financial set a $68.00 price target on Equity Lifestyle Properties and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Compass Point raised 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. Finally, Barclays raised Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and dropped their price objective for the company from $70.00 to $67.00 in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Equity Lifestyle Properties currently 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.