Groupe la Francaise Has $3.42 Million Stock Holdings in Equity Lifestyle Properties, Inc. $ELS

Key Points

• Groupe la Francaise increased its stake in Equity Lifestyle Properties, Inc. by 10.6%, holding 52,067 shares worth approximately $3.42 million as of its latest SEC filing.
• Equity Lifestyle Properties reported a quarterly EPS of $0.69, meeting analysts' expectations, but with revenue down 0.8% year-over-year.
• The company announced a quarterly dividend of $0.515 per share, resulting in an annualized yield of 3.4%, with a dividend payout ratio of 106.74%.

Groupe la Francaise grew its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 10.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,067 shares of the real estate investment trust's stock after acquiring an additional 4,988 shares during the quarter. Groupe la Francaise's holdings in Equity Lifestyle Properties were worth $3,424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of ELS. Nuveen LLC bought a new stake in shares of Equity Lifestyle Properties in the first quarter valued at approximately $142,937,000. Northern Trust Corp boosted its position in shares of Equity Lifestyle Properties by 43.3% in the fourth quarter. Northern Trust Corp now owns 2,434,858 shares of the real estate investment trust's stock valued at $162,162,000 after acquiring an additional 735,580 shares during the period. Victory Capital Management Inc. boosted its position in shares of Equity Lifestyle Properties by 15.1% in the first quarter. Victory Capital Management Inc. now owns 5,330,066 shares of the real estate investment trust's stock valued at $355,515,000 after acquiring an additional 699,877 shares during the period. Millennium Management LLC boosted its position in shares of Equity Lifestyle Properties by 221.2% in the fourth quarter. Millennium Management LLC now owns 975,391 shares of the real estate investment trust's stock valued at $64,961,000 after acquiring an additional 671,703 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Equity Lifestyle Properties by 12.7% in the first quarter. JPMorgan Chase & Co. now owns 4,209,452 shares of the real estate investment trust's stock valued at $280,771,000 after acquiring an additional 474,495 shares during the period. 97.21% of the stock is owned by institutional investors.

Equity Lifestyle Properties Stock Up 0.8%

Shares of NYSE:ELS traded up $0.45 during trading on Friday, hitting $60.09. 351,059 shares of the company's stock traded hands, compared to its average volume of 1,521,715. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $76.60. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.24. The company has a market cap of $11.64 billion, a price-to-earnings ratio of 31.13, a price-to-earnings-growth ratio of 3.24 and a beta of 0.70. The company has a 50-day moving average price of $61.07 and a 200-day moving average price of $63.73.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share 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 business had revenue of $313.29 million for the quarter, compared to analysts' expectations of $377.59 million. During the same quarter in the previous year, the business posted $0.66 EPS. Equity Lifestyle Properties's revenue for the quarter was down .8% on a year-over-year basis. 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, research analysts forecast that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, September 26th. Equity Lifestyle Properties's payout ratio is 106.74%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. 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. Wells Fargo & Company decreased their price target on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Wall Street Zen cut shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Barclays upgraded shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and dropped their price objective for the stock from $70.00 to $67.00 in a research report on Tuesday, July 29th. Finally, 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 report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $71.50.

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.