Korea Investment CORP Has $16.87 Million Stock Position in Equity Lifestyle Properties, Inc. $ELS

Key Points

• Korea Investment CORP has reduced its stake in Equity Lifestyle Properties, Inc. (ELS) by 7.3%, now holding 252,925 shares valued at approximately $16.87 million.
• The company reported a quarterly earnings per share (EPS) of $0.69, in line with analysts' expectations; however, its revenue fell short at $313.29 million against projections of $377.59 million.
• Equity Lifestyle Properties declared a quarterly dividend of $0.515 per share, with an annualized yield of 3.4% and a payout ratio of 106.74%.

Korea Investment CORP lessened its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 7.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 252,925 shares of the real estate investment trust's stock after selling 19,856 shares during the period. Korea Investment CORP owned 0.13% of Equity Lifestyle Properties worth $16,870,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Brooklyn Investment Group lifted its holdings in Equity Lifestyle Properties by 673.7% during the 1st quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust's stock worth $29,000 after buying an additional 384 shares during the period. National Pension Service raised its position in shares of Equity Lifestyle Properties by 75.0% during the first quarter. National Pension Service now owns 644 shares of the real estate investment trust's stock worth $43,000 after acquiring an additional 276 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of Equity Lifestyle Properties by 31.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,426 shares of the real estate investment trust's stock worth $95,000 after acquiring an additional 345 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Equity Lifestyle Properties by 78.7% in the first quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust's stock worth $96,000 after acquiring an additional 635 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Equity Lifestyle Properties by 351.6% in the first quarter. Blue Trust Inc. now owns 1,865 shares of the real estate investment trust's stock valued at $124,000 after acquiring an additional 1,452 shares during the last quarter. Institutional investors own 97.21% of the company's stock.

Equity Lifestyle Properties Stock Down 0.2%

ELS stock opened at $60.6260 on Thursday. The stock's 50 day simple moving average is $61.39 and its 200 day simple moving average is $63.98. The company has a market cap of $11.75 billion, a P/E ratio of 31.41, a price-to-earnings-growth ratio of 3.24 and a beta of 0.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.04 and a current ratio of 0.04. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $76.60.

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 EPS for the quarter, meeting analysts' consensus estimates of $0.69. The business had revenue of $313.29 million during the quarter, compared to analyst estimates of $377.59 million. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. Equity Lifestyle Properties's quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.66 EPS. 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, research analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Truist Financial set a $68.00 price objective on shares of Equity Lifestyle Properties and gave the company a "buy" rating in a research note on Wednesday, July 30th. Wells Fargo & Company cut their price target on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. 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 report on Tuesday, July 22nd. Morgan Stanley started coverage on Equity Lifestyle Properties in a research note on Tuesday, July 15th. They issued a "positive" rating and a $67.50 price objective on the stock. Finally, Barclays upgraded Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and cut their target price for the company from $70.00 to $67.00 in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Equity Lifestyle Properties has an average rating of "Moderate Buy" and an average target price of $71.50.

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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