Groupe la Francaise Purchases 4,988 Shares of 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 raised its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 10.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,067 shares of the real estate investment trust's stock after buying an additional 4,988 shares during the period. Groupe la Francaise's holdings in Equity Lifestyle Properties were worth $3,424,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. AlphaQuest LLC increased its holdings in shares of Equity Lifestyle Properties by 31,624.5% in the first quarter. AlphaQuest LLC now owns 31,090 shares of the real estate investment trust's stock valued at $2,074,000 after buying an additional 30,992 shares in the last quarter. Norinchukin Bank The grew its position in Equity Lifestyle Properties by 4.4% during the 1st quarter. Norinchukin Bank The now owns 8,903 shares of the real estate investment trust's stock worth $594,000 after purchasing an additional 376 shares in the last quarter. EntryPoint Capital LLC purchased a new position in Equity Lifestyle Properties during the 1st quarter worth approximately $925,000. Quantbot Technologies LP purchased a new position in Equity Lifestyle Properties during the 1st quarter worth approximately $1,582,000. Finally, Wellington Management Group LLP grew its position in Equity Lifestyle Properties by 29.5% during the 1st quarter. Wellington Management Group LLP now owns 15,604 shares of the real estate investment trust's stock worth $1,041,000 after purchasing an additional 3,550 shares in the last quarter. Institutional investors own 97.21% of the company's stock.

Equity Lifestyle Properties Stock Down 0.7%

Shares of ELS stock traded down $0.39 on Thursday, hitting $59.61. The company's stock had a trading volume of 1,186,538 shares, compared to its average volume of 1,524,884. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.04 and a quick ratio of 0.04. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $76.60. The firm's fifty day moving average price is $61.13 and its 200-day moving average price is $63.77. The stock has a market capitalization of $11.55 billion, a price-to-earnings ratio of 30.88, a P/E/G ratio of 3.19 and a beta of 0.70.

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 (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 business had revenue of $313.29 million during the quarter, compared to analyst estimates of $377.59 million. During the same quarter in the previous year, the business earned $0.66 EPS. Equity Lifestyle Properties's quarterly 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. Research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

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

Analyst Ratings Changes

Several research firms have weighed in on ELS. 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. Royal Bank Of Canada lowered their price objective on shares of 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. Morgan Stanley began coverage on shares of Equity Lifestyle Properties in a research report on Tuesday, July 15th. They set a "positive" rating and a $67.50 price objective on the stock. Truist Financial set a $68.00 price objective on shares of Equity Lifestyle Properties and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company lowered 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 report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Equity Lifestyle Properties has an average 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.