IFM Investors Pty Ltd Sells 5,676 Shares of Equity Lifestyle Properties, Inc. $ELS

Key Points

• IFM Investors Pty Ltd reduced its stake in Equity Lifestyle Properties, Inc. by 7.3% during the first quarter, bringing its total holdings to 71,829 shares valued at approximately $4.79 million.
• Equity Lifestyle Properties announced a quarterly dividend of $0.515 with an annual yield of 3.3%, despite a payout ratio of 106.74%.
• Barclays and other analysts have revised their ratings and price targets for Equity Lifestyle Properties, with an average price target now set at $71.05.

IFM Investors Pty Ltd decreased its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 7.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,829 shares of the real estate investment trust's stock after selling 5,676 shares during the quarter. IFM Investors Pty Ltd's holdings in Equity Lifestyle Properties were worth $4,791,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group raised its holdings in 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 buying an additional 384 shares during the period. National Pension Service raised its holdings in 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 buying an additional 276 shares during the period. SVB Wealth LLC acquired a new stake in Equity Lifestyle Properties during the 1st quarter worth approximately $61,000. Caitong International Asset Management Co. Ltd raised its holdings in 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 buying an additional 345 shares during the period. 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 worth $96,000 after buying an additional 635 shares during the period. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wall Street Zen downgraded shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Barclays upgraded shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and dropped their target price for the stock from $70.00 to $67.00 in a report on Tuesday, July 29th. 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 report on Wednesday, July 23rd. Wells Fargo & Company lowered their price objective 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. Finally, Compass Point upgraded shares of Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price objective on the stock in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.05.

Equity Lifestyle Properties Stock Down 0.0%

Shares of NYSE ELS traded down $0.03 during midday trading on Friday, reaching $61.50. The company's stock had a trading volume of 1,341,668 shares, compared to its average volume of 1,409,712. The stock has a market capitalization of $11.92 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 3.32 and a beta of 0.73. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $76.60. The stock has a 50 day simple moving average of $60.73 and a 200-day simple moving average of $63.25. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.24.

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 for the quarter, hitting analysts' consensus estimates of $0.69. The business had revenue of $313.29 million for the quarter, compared to the consensus estimate of $377.59 million. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. The firm's revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the company earned $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 research analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The company 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 dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, September 26th. Equity Lifestyle Properties's payout ratio is presently 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.