J. Safra Sarasin Holding AG Grows Stock Holdings in Equity Lifestyle Properties, Inc. $ELS

Key Points

• J. Safra Sarasin Holding AG has increased its stake in Equity Lifestyle Properties, Inc. by 152.6% during the second quarter, acquiring over 22,120 shares, bringing its total holdings to 36,614 shares worth approximately $2,258,000.
• Equity Lifestyle Properties reported earnings of $0.69 per share, meeting analysts' expectations, with a revenue of $313.29 million, which was below the consensus estimate of $377.59 million.
• The company announced a quarterly dividend of $0.515 per share, translating to an annualized yield of 3.3%, with a dividend payout ratio of 106.74%.

J. Safra Sarasin Holding AG grew its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 152.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,614 shares of the real estate investment trust's stock after acquiring an additional 22,120 shares during the period. J. Safra Sarasin Holding AG's holdings in Equity Lifestyle Properties were worth $2,258,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ELS. Farther Finance Advisors LLC lifted its holdings in Equity Lifestyle Properties by 12.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,620 shares of the real estate investment trust's stock worth $100,000 after purchasing an additional 178 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Equity Lifestyle Properties by 10.8% in the second quarter. GAMMA Investing LLC now owns 2,069 shares of the real estate investment trust's stock worth $128,000 after buying an additional 201 shares in the last quarter. Xponance Inc. boosted its position in shares of 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 valued at $2,077,000 after acquiring an additional 203 shares during the period. GF Fund Management CO. LTD. grew its stake in Equity Lifestyle Properties by 6.8% during the first quarter. GF Fund Management CO. LTD. now owns 3,438 shares of the real estate investment trust's stock valued at $229,000 after acquiring an additional 218 shares in the last quarter. Finally, Qtron Investments LLC increased its holdings in Equity Lifestyle Properties by 4.5% during the 1st 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. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Price Performance

Shares of Equity Lifestyle Properties stock opened at $61.93 on Friday. The firm has a market capitalization of $12.00 billion, a PE ratio of 32.09, a price-to-earnings-growth ratio of 3.30 and a beta of 0.71. 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, Inc. has a 12 month low of $58.15 and a 12 month high of $73.67. The business's 50-day moving average price is $60.45 and its 200-day moving average price is $62.54.

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 for the quarter, hitting analysts' consensus estimates of $0.69. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%.The company had revenue of $313.29 million during the quarter, compared to the consensus estimate of $377.59 million. During the same quarter in the previous year, the company posted $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. Sell-side 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 announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be given a $0.515 dividend. 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 dividend payout ratio (DPR) is presently 106.74%.

Wall Street Analysts Forecast Growth

ELS has been the subject of several analyst reports. Royal Bank Of Canada cut their price target on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating for the company in a report on Wednesday, July 23rd. Wells Fargo & Company dropped their price objective on Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. 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. Wall Street Zen downgraded Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. 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 research report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $71.05.

Equity Lifestyle Properties 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.

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