Knights of Columbus Asset Advisors LLC Has $492,000 Holdings in Equity Lifestyle Properties, Inc. $ELS

Key Points

• Knights of Columbus Asset Advisors LLC significantly reduced its holdings in Equity Lifestyle Properties, Inc. by 85.6%, resulting in ownership of 7,971 shares valued at $492,000.
• The real estate investment trust reported earnings of $0.69 per share for the last quarter, matching analysts' expectations, but experienced a revenue decline of 0.8% compared to the previous year.
• Equity Lifestyle Properties declared a quarterly dividend of $0.515 per share, with an annualized dividend yield of 3.3%, reflecting a high payout ratio of 106.74%.

Knights of Columbus Asset Advisors LLC decreased its position in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 85.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,971 shares of the real estate investment trust's stock after selling 47,564 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in Equity Lifestyle Properties were worth $492,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ELS. Wealth Enhancement Advisory Services LLC raised its stake in shares of Equity Lifestyle Properties by 6.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,874 shares of the real estate investment trust's stock valued at $924,000 after purchasing an additional 816 shares during the period. UMB Bank n.a. raised its holdings in Equity Lifestyle Properties by 137.5% during the first quarter. UMB Bank n.a. now owns 2,133 shares of the real estate investment trust's stock worth $142,000 after acquiring an additional 1,235 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Equity Lifestyle Properties by 78.7% during the first quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust's stock valued at $96,000 after purchasing an additional 635 shares during the last quarter. Handelsbanken Fonder AB boosted its position in Equity Lifestyle Properties by 15.8% during the first quarter. Handelsbanken Fonder AB now owns 49,918 shares of the real estate investment trust's stock valued at $3,330,000 after purchasing an additional 6,800 shares during the last quarter. Finally, Bar Harbor Wealth Management boosted its position in Equity Lifestyle Properties by 0.5% during the first quarter. Bar Harbor Wealth Management now owns 65,235 shares of the real estate investment trust's stock valued at $4,351,000 after purchasing an additional 350 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ELS shares. Compass Point upgraded Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price objective on the stock in a research note on Tuesday, July 22nd. Morgan Stanley dropped their price objective on Equity Lifestyle Properties from $67.50 to $62.50 and set an "equal weight" rating on the stock in a research note on Thursday, September 4th. Royal Bank Of Canada dropped 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. Weiss Ratings reiterated a "hold (c)" rating on shares of Equity Lifestyle Properties in a research note on Saturday, September 27th. Finally, Barclays upgraded Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and dropped their price objective for the stock from $70.00 to $67.00 in a research note on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Equity Lifestyle Properties presently has an average rating of "Moderate Buy" and an average target price of $71.05.

Equity Lifestyle Properties Price Performance

Shares of NYSE ELS opened at $61.97 on Wednesday. The business's 50 day moving average price is $60.55 and its two-hundred day moving average price is $62.41. The company has a market cap of $12.01 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 3.34 and a beta of 0.71. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.24. Equity Lifestyle Properties, Inc. has a twelve month low of $58.15 and a twelve month high of $73.67.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly 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 firm had revenue of $313.29 million for the quarter, compared to the consensus estimate of $377.59 million. During the same quarter in the previous year, the business earned $0.66 earnings per share. The business'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. On average, analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

The company also recently disclosed 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. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, September 26th. 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.

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