Jacobs Levy Equity Management Inc. Buys Shares of 21,593 Equity Lifestyle Properties, Inc. $ELS

Key Points

• Jacobs Levy Equity Management Inc. has established a $1.44 million position in Equity Lifestyle Properties, acquiring 21,593 shares of the company during the first quarter.
• Equity Lifestyle Properties declared a quarterly dividend of $0.515 per share, with a yield of 3.3% and a payout ratio of 106.74%.
• Analysts have varying ratings for Equity Lifestyle Properties, with one Strong Buy, eight Buy, and three Hold ratings contributing to an average rating of "Moderate Buy" and a consensus price target of $71.05.

Jacobs Levy Equity Management Inc. purchased a new stake in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 21,593 shares of the real estate investment trust's stock, valued at approximately $1,440,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of 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 purchasing an additional 97,306 shares during the period. Principal Financial Group Inc. lifted its stake in Equity Lifestyle Properties by 4.6% in the 1st quarter. Principal Financial Group Inc. now owns 6,349,010 shares of the real estate investment trust's stock worth $423,479,000 after acquiring an additional 278,193 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Equity Lifestyle Properties by 15.1% in 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 acquiring an additional 699,877 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Equity Lifestyle Properties by 12.7% in the 1st quarter. JPMorgan Chase & Co. now owns 4,209,452 shares of the real estate investment trust's stock worth $280,771,000 after acquiring an additional 474,495 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake 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 worth $181,574,000 after acquiring an additional 26,775 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company's stock.

Wall Street Analyst Weigh In

ELS has been the subject of several research analyst reports. Wall Street Zen downgraded Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Royal Bank Of Canada reduced 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 note on Wednesday, July 23rd. Compass Point raised Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price objective for the company in a research note on Tuesday, July 22nd. Truist Financial set a $68.00 price objective on Equity Lifestyle Properties and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, Wells Fargo & Company cut their price target 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. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $71.05.

Equity Lifestyle Properties Stock Performance

Shares of ELS stock traded down $0.19 during trading on Wednesday, reaching $60.62. The company had a trading volume of 2,225,875 shares, compared to its average volume of 1,470,449. The firm's 50 day simple moving average is $60.66 and its two-hundred day simple moving average is $63.17. 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 one year low of $58.15 and a one year high of $75.11. The company has a market capitalization of $11.75 billion, a PE ratio of 31.41, a PEG ratio of 3.28 and a beta of 0.73.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share for the quarter, meeting 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 business had revenue of $313.29 million for the quarter, compared to the consensus estimate of $377.59 million. During the same period last year, the business earned $0.66 EPS. The firm's 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 earnings per share for the current year.

Equity Lifestyle Properties Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, September 26th. Equity Lifestyle Properties's dividend payout ratio (DPR) is presently 106.74%.

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.