Ieq Capital LLC Buys New Shares in Equity Lifestyle Properties, Inc. $ELS

Key Points

• Ieq Capital LLC has acquired a new stake in Equity Lifestyle Properties, purchasing 4,639 shares valued at approximately $309,000 during the first quarter.
• Equity Lifestyle Properties recently announced a quarterly dividend of $0.515 per share, with a yield of 3.3%, set to be paid on October 10th.
• Wall Street analysts have mixed views on ELS, with one upgrade to "buy" and various adjustments to price targets, leading to a current consensus rating of "Moderate Buy" with a target price of $71.05.

Ieq Capital LLC purchased a new position in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,639 shares of the real estate investment trust's stock, valued at approximately $309,000.

Other large investors also recently bought and sold shares of the company. Beese Fulmer Investment Management Inc. increased its holdings in shares of 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 valued at $533,000 after purchasing an additional 200 shares during the last quarter. Xponance Inc. grew its position 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 acquiring an additional 203 shares during the period. GF Fund Management CO. LTD. grew its position 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 acquiring an additional 218 shares during the period. Qtron Investments LLC grew its position in Equity Lifestyle Properties by 4.5% in the first quarter. Qtron Investments LLC now owns 5,637 shares of the real estate investment trust's stock worth $376,000 after acquiring an additional 242 shares during the period. Finally, Townsquare Capital LLC grew its position 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 acquiring an additional 251 shares during the period. Institutional investors and hedge funds own 97.21% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ELS. Barclays upgraded Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and lowered their price objective for the stock from $70.00 to $67.00 in a research report on Tuesday, July 29th. 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. Wall Street Zen lowered 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 Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating for the company in a research report on Wednesday, July 23rd. Finally, Morgan Stanley lowered their price objective on Equity Lifestyle Properties from $67.50 to $62.50 and set an "equal weight" rating for the company in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $71.05.

Equity Lifestyle Properties Trading Up 1.9%

ELS traded up $1.17 during mid-day trading on Thursday, hitting $61.56. 1,413,271 shares of the stock were exchanged, compared to its average volume of 1,380,879. The firm's fifty day moving average is $60.74 and its two-hundred day moving average is $63.37. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year 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 $11.93 billion, a PE ratio of 31.90, a PEG ratio of 3.26 and a beta of 0.73.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last released its earnings results on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.69. The firm had revenue of $313.29 million during the quarter, compared to analyst estimates 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 revenue was down .8% compared to the same quarter last year. During the same period last year, the business posted $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. Equities analysts forecast that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be issued a $0.515 dividend. The ex-dividend date is Friday, September 26th. This represents a $2.06 dividend on an annualized basis and a yield of 3.3%. 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.