Jump Financial LLC Acquires New Shares 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 bought a new position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 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 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of ELS. Mariner LLC grew its holdings in shares of Equity Lifestyle Properties by 15.0% during the 4th quarter. Mariner LLC now owns 12,485 shares of the real estate investment trust's stock worth $831,000 after purchasing an additional 1,632 shares in the last quarter. First Trust Advisors LP boosted its stake in Equity Lifestyle Properties by 11.0% in the fourth quarter. First Trust Advisors LP now owns 35,081 shares of the real estate investment trust's stock valued at $2,336,000 after buying an additional 3,475 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Equity Lifestyle Properties by 5.7% in the fourth quarter. Hsbc Holdings PLC now owns 617,602 shares of the real estate investment trust's stock valued at $41,106,000 after buying an additional 33,260 shares in the last quarter. Pinebridge Investments L.P. boosted its stake in Equity Lifestyle Properties by 140.6% in the fourth quarter. Pinebridge Investments L.P. now owns 62,160 shares of the real estate investment trust's stock valued at $4,140,000 after buying an additional 36,323 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Equity Lifestyle Properties by 43.3% in the fourth quarter. Northern Trust Corp now owns 2,434,858 shares of the real estate investment trust's stock valued at $162,162,000 after buying an additional 735,580 shares in the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ELS has been the topic of several research analyst reports. 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. Barclays raised Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $70.00 to $67.00 in a research note on Tuesday, July 29th. Truist Financial set a $68.00 price target on Equity Lifestyle Properties and gave the company a "buy" rating in a research note on Wednesday, July 30th. Morgan Stanley assumed coverage on Equity Lifestyle Properties in a research note on Tuesday, July 15th. They set a "positive" rating and a $67.50 price target on the stock. Finally, Wells Fargo & Company cut their price target on Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. 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 company's stock. According to data from MarketBeat, Equity Lifestyle Properties has a consensus rating of "Moderate Buy" and an average target price of $71.50.

Equity Lifestyle Properties Trading Up 0.8%

ELS stock traded up $0.49 during mid-day trading on Friday, reaching $60.13. The company's stock had a trading volume of 387,287 shares, compared to its average volume of 1,521,908. The company has a market cap of $11.65 billion, a price-to-earnings ratio of 31.16, a price-to-earnings-growth ratio of 3.24 and a beta of 0.70. The business's 50 day moving average price is $61.07 and its 200 day moving average price is $63.73. 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 $76.60.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued 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. The business had revenue of $313.29 million during the quarter, compared to the consensus estimate of $377.59 million. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%.The firm's revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the company posted $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. On average, equities research analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

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

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.