IFM Investors Pty Ltd Trims Stock Position in Equity Lifestyle Properties, Inc. $ELS

Key Points

• IFM Investors Pty Ltd reduced its stake in Equity Lifestyle Properties, Inc. by 7.8%, selling 5,615 shares and now holds 66,214 shares worth approximately $4.08 million.
• Equity Lifestyle Properties recently reported an EPS of $0.69 for Q2, which met analysts' expectations, but its revenue fell short, totaling $313.29 million against the expected $377.59 million.
• The company declared a quarterly dividend of $0.515, with an annualized yield of 3.4%, and has a payout ratio of 106.74%.

IFM Investors Pty Ltd decreased its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 7.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,214 shares of the real estate investment trust's stock after selling 5,615 shares during the quarter. IFM Investors Pty Ltd's holdings in Equity Lifestyle Properties were worth $4,083,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ELS. Vanguard Group Inc. increased its position in Equity Lifestyle Properties by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 25,151,151 shares of the real estate investment trust's stock valued at $1,677,582,000 after acquiring an additional 97,306 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Equity Lifestyle Properties by 4.6% in the first quarter. Principal Financial Group Inc. now owns 6,349,010 shares of the real estate investment trust's stock valued at $423,479,000 after purchasing an additional 278,193 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Equity Lifestyle Properties by 15.1% during the 1st quarter. Victory Capital Management Inc. now owns 5,330,066 shares of the real estate investment trust's stock worth $355,515,000 after purchasing an additional 699,877 shares in the last quarter. JPMorgan Chase & Co. raised its stake in 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 buying an additional 474,495 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Equity Lifestyle Properties by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,722,268 shares of the real estate investment trust's stock valued at $181,574,000 after acquiring an additional 26,775 shares during the period. Institutional investors own 97.21% of the company's stock.

Equity Lifestyle Properties Stock Down 0.3%

Shares of Equity Lifestyle Properties stock traded down $0.17 during midday trading on Monday, hitting $60.39. The company had a trading volume of 1,182,753 shares, compared to its average volume of 1,684,928. The company has a 50 day moving average of $60.58 and a 200 day moving average of $62.92. The stock has a market capitalization of $11.70 billion, a P/E ratio of 31.29, a P/E/G ratio of 3.27 and a beta of 0.73. Equity Lifestyle Properties, Inc. has a 52-week low of $58.15 and a 52-week high of $73.87. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.04 and a current ratio of 0.04.

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 net margin of 24.13% and a return on equity of 21.12%. The firm had revenue of $313.29 million during the quarter, compared to analysts' expectations of $377.59 million. During the same period in the previous year, the company earned $0.66 earnings per share. The firm's quarterly revenue 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. On average, equities analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, September 26th. Equity Lifestyle Properties's dividend payout ratio is currently 106.74%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Morgan Stanley reduced their price target on Equity Lifestyle Properties from $67.50 to $62.50 and set an "equal weight" rating on the stock in a research report on Thursday, September 4th. Royal Bank Of Canada reduced 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 note on Wednesday, July 23rd. Truist Financial set a $68.00 target price on Equity Lifestyle Properties and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Barclays upgraded shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and reduced their price target for the company from $70.00 to $67.00 in a research note on Tuesday, July 29th. 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 for the company in a report on Thursday, July 24th. One 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $71.05.

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.