21,593 Shares in Equity Lifestyle Properties, Inc. $ELS Acquired by Jacobs Levy Equity Management Inc.

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. acquired a new position in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 21,593 shares of the real estate investment trust's stock, valued at approximately $1,440,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake 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 worth $1,677,582,000 after acquiring an additional 97,306 shares in the last quarter. Principal Financial Group Inc. grew 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. boosted its stake in shares of Equity Lifestyle Properties by 15.1% during the first quarter. Victory Capital Management Inc. now owns 5,330,066 shares of the real estate investment trust's stock valued at $355,515,000 after purchasing an additional 699,877 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Equity Lifestyle Properties by 12.7% during 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 increased its holdings in Equity Lifestyle Properties by 1.0% during the first 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 buying an additional 26,775 shares during the period. 97.21% of the stock is owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Stock Performance

ELS traded down $0.03 on Friday, reaching $61.50. The stock had a trading volume of 1,341,668 shares, compared to its average volume of 1,404,042. Equity Lifestyle Properties, Inc. has a 12-month low of $58.15 and a 12-month 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 business's 50-day moving average price is $60.73 and its two-hundred day moving average price is $63.29. The company has a market cap of $11.92 billion, a P/E ratio of 31.86, a price-to-earnings-growth ratio of 3.32 and a beta of 0.73.

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 analysts' consensus estimates of $0.69. The company had revenue of $313.29 million during the quarter, compared to analysts' expectations 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 quarter 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. Sell-side analysts forecast that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be given a dividend of $0.515 per share. 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 payout ratio is presently 106.74%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ELS. Wells Fargo & Company cut 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. Wall Street Zen downgraded shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Barclays upgraded shares of 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 note on Tuesday, July 29th. Truist Financial set a $68.00 price objective on shares of Equity Lifestyle Properties and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, Compass Point upgraded shares of 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. 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 stock. According to MarketBeat, Equity Lifestyle Properties has a consensus rating of "Moderate Buy" and an average 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.