Jump Financial LLC Makes New $15.36 Million Investment in Equity Lifestyle Properties, Inc. $ELS

Key Points

• Jump Financial LLC has invested approximately $15.36 million in Equity Lifestyle Properties, acquiring 230,219 shares, which constitutes about 0.12% of the company's total shares.
• Equity Lifestyle Properties reported a net margin of 24.13% and earnings of $0.69 per share for the most recent quarter, meeting analysts' estimates despite a revenue shortfall.
• The company recently announced a quarterly dividend of $0.515 per share, resulting in an annualized dividend yield of 3.4% but with a payout ratio exceeding 100%.

Jump Financial LLC purchased a new position in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 230,219 shares of the real estate investment trust's stock, valued at approximately $15,356,000. Jump Financial LLC owned approximately 0.12% of Equity Lifestyle Properties at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Equity Lifestyle Properties by 0.4% in the first 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 during the last quarter. Principal Financial Group Inc. increased its position in Equity Lifestyle Properties by 4.6% during the first 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 during the period. Victory Capital Management Inc. increased its position in 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 worth $355,515,000 after acquiring an additional 699,877 shares during the period. JPMorgan Chase & Co. increased its holdings 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 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% 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 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 Up 0.1%

ELS opened at $60.4370 on Friday. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $76.60. The stock's fifty day simple moving average is $61.30 and its 200 day simple moving average is $63.90. 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 stock has a market cap of $11.71 billion, a PE ratio of 31.31, a price-to-earnings-growth ratio of 3.23 and a beta of 0.70.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last posted its quarterly earnings results 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 analysts' expectations of $377.59 million. During the same quarter in the prior year, the business earned $0.66 EPS. The firm's revenue for the quarter 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. As a group, research analysts expect 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. Stockholders of record on Friday, September 26th will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.4%. Equity Lifestyle Properties's dividend payout ratio (DPR) is currently 106.74%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Barclays upgraded shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and reduced their target price for the company from $70.00 to $67.00 in a research note on Tuesday, July 29th. Royal Bank Of Canada dropped their price objective on 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. Wall Street Zen cut Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Compass Point raised Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price target for the company in a research note on Tuesday, July 22nd. Finally, Morgan Stanley started coverage on Equity Lifestyle Properties in a research report on Tuesday, July 15th. They issued a "positive" rating and a $67.50 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Equity Lifestyle Properties presently has a consensus rating of "Moderate Buy" and an average price target of $71.50.

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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