Goldman Sachs Group Inc. Sells 92,321 Shares of Equity Lifestyle Properties, Inc. $ELS

Key Points

• Goldman Sachs Group Inc. reduced its stake in Equity Lifestyle Properties, Inc. by 6.1%, now holding approximately 1.42 million shares valued at $95 million.
• Equity Lifestyle Properties announced a quarterly dividend of $0.515 per share, representing an annualized yield of 3.3% despite a payout ratio of 106.74%.
• Analysts have mixed ratings on the stock with targets ranging from $62.50 to $72.00, with a consensus rating of "Moderate Buy" and a target price of $71.05.

Goldman Sachs Group Inc. trimmed its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 6.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,425,294 shares of the real estate investment trust's stock after selling 92,321 shares during the period. Goldman Sachs Group Inc. owned approximately 0.75% of Equity Lifestyle Properties worth $95,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Brooklyn Investment Group raised its holdings in shares of 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 worth $29,000 after acquiring an additional 384 shares in the last quarter. National Pension Service raised its holdings in shares of 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 worth $43,000 after acquiring an additional 276 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of Equity Lifestyle Properties during the 1st quarter worth approximately $61,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of 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 worth $95,000 after acquiring an additional 345 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings 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 buying an additional 635 shares during the period. 97.21% of the stock is owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Trading Down 0.4%

Equity Lifestyle Properties stock traded down $0.26 during mid-day trading on Thursday, hitting $60.35. The company's stock had a trading volume of 1,447,660 shares, compared to its average volume of 1,519,468. The company has a 50 day moving average of $60.63 and a 200-day moving average of $63.11. The stock has a market cap of $11.70 billion, a PE ratio of 31.27, a P/E/G ratio of 3.27 and a beta of 0.73. 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, Inc. has a one year low of $58.15 and a one year high of $75.11.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.69 EPS for the quarter, meeting the consensus estimate of $0.69. The company had revenue of $313.29 million for 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%.Equity Lifestyle Properties's quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior 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. On average, research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 EPS 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. Stockholders of record on Friday, September 26th will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.4%. Equity Lifestyle Properties's dividend payout ratio is presently 106.74%.

Analysts Set New Price Targets

Several analysts recently weighed in on 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 on the stock in a report on Wednesday, July 23rd. Barclays upgraded Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and decreased their price target for the company from $70.00 to $67.00 in a report on Tuesday, July 29th. Wall Street Zen lowered Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Truist Financial set a $68.00 price target on Equity Lifestyle Properties and gave the company a "buy" rating in a report on Wednesday, July 30th. Finally, Wells Fargo & Company decreased their price target on Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus 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.