Great Lakes Advisors LLC Acquires 11,312 Shares of Equity Lifestyle Properties, Inc. $ELS

Key Points

• Great Lakes Advisors LLC increased its stake in Equity Lifestyle Properties, Inc. by 3.5%, purchasing an additional 11,312 shares, bringing its total ownership to 337,325 shares, valued at approximately $22.4 million.
• Recent research reports have led to a mixed outlook for ELS, with target prices lowered by several analysts, while maintaining a consensus rating of "Moderate Buy" with an average target price of $71.05.
• The company announced a quarterly dividend of $0.515 per share, resulting in an annualized yield of 3.3%, despite a high dividend payout ratio of 106.74%.

Great Lakes Advisors LLC grew its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 3.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 337,325 shares of the real estate investment trust's stock after acquiring an additional 11,312 shares during the quarter. Great Lakes Advisors LLC owned about 0.18% of Equity Lifestyle Properties worth $22,441,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Adelante Capital Management LLC boosted its position in shares of Equity Lifestyle Properties by 47.9% during the first quarter. Adelante Capital Management LLC now owns 634,637 shares of the real estate investment trust's stock valued at $42,331,000 after buying an additional 205,609 shares during the last quarter. UniSuper Management Pty Ltd boosted its position in shares of Equity Lifestyle Properties by 2.0% during the first quarter. UniSuper Management Pty Ltd now owns 56,800 shares of the real estate investment trust's stock valued at $3,789,000 after buying an additional 1,100 shares during the last quarter. Scientech Research LLC boosted its position in shares of Equity Lifestyle Properties by 64.1% during the first quarter. Scientech Research LLC now owns 16,512 shares of the real estate investment trust's stock valued at $1,101,000 after buying an additional 6,451 shares during the last quarter. PharVision Advisers LLC boosted its position in shares of Equity Lifestyle Properties by 44.2% during the first quarter. PharVision Advisers LLC now owns 5,427 shares of the real estate investment trust's stock valued at $362,000 after buying an additional 1,664 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV boosted its position in shares of Equity Lifestyle Properties by 2.6% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 49,813 shares of the real estate investment trust's stock valued at $3,323,000 after buying an additional 1,277 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on ELS shares. Royal Bank Of Canada dropped their price objective 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. Compass Point raised Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 target price on the stock in a research report on Tuesday, July 22nd. Wells Fargo & Company dropped their target price 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. Wall Street Zen cut Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Finally, Truist Financial set a $68.00 target price on Equity Lifestyle Properties and gave the stock a "buy" rating in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.05.

Equity Lifestyle Properties Stock Performance

Shares of ELS stock traded down $0.03 during trading hours on Friday, reaching $61.50. 1,341,668 shares of the company traded hands, compared to its average volume of 1,404,042. Equity Lifestyle Properties, Inc. has a 12-month low of $58.15 and a 12-month 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 market cap of $11.92 billion, a P/E ratio of 31.86, a P/E/G ratio of 3.32 and a beta of 0.73. The firm has a 50-day moving average price of $60.73 and a 200 day moving average price of $63.32.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued its earnings results on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share (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%.The firm's quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the company earned $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. As a group, sell-side analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, September 26th. Equity Lifestyle Properties's dividend payout ratio (DPR) is 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.