Magnetar Financial LLC Acquires Shares of 70,708 Equity Lifestyle Properties, Inc. $ELS

Key Points

• Magnetar Financial LLC recently acquired a stake of 70,708 shares in Equity Lifestyle Properties, Inc., valued at approximately $4.7 million.
• Analyst ratings for the company show a consensus of "Moderate Buy" with a target price of $71.50, reflecting varying opinions among brokerages.
• The company announced a quarterly dividend of $0.515 per share, offering a yield of 3.4%, with a payout ratio of 106.74%.

Magnetar Financial LLC bought a new position in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 70,708 shares of the real estate investment trust's stock, valued at approximately $4,716,000.

Several other hedge funds also recently bought and sold shares of ELS. Ieq Capital LLC purchased a new position in Equity Lifestyle Properties during the first quarter valued at approximately $309,000. Keeley Teton Advisors LLC lifted its position in Equity Lifestyle Properties by 1.0% during the first quarter. Keeley Teton Advisors LLC now owns 25,918 shares of the real estate investment trust's stock valued at $1,729,000 after purchasing an additional 251 shares during the last quarter. Ceredex Value Advisors LLC lifted its position in Equity Lifestyle Properties by 43.0% during the first quarter. Ceredex Value Advisors LLC now owns 784,291 shares of the real estate investment trust's stock valued at $52,312,000 after purchasing an additional 235,942 shares during the last quarter. FORA Capital LLC bought a new stake in Equity Lifestyle Properties during the first quarter valued at approximately $451,000. Finally, Walleye Capital LLC lifted its position in Equity Lifestyle Properties by 58.1% during the first quarter. Walleye Capital LLC now owns 14,035 shares of the real estate investment trust's stock valued at $936,000 after purchasing an additional 5,155 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company's stock.

Equity Lifestyle Properties Trading Up 1.1%

NYSE:ELS traded up $0.64 during midday trading on Wednesday, reaching $60.17. 877,535 shares of the stock traded hands, compared to its average volume of 1,525,025. The company has a fifty day moving average of $60.86 and a 200 day moving average of $63.58. Equity Lifestyle Properties, Inc. has a 12 month low of $58.15 and a 12 month high of $76.60. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.04 and a current ratio of 0.04. The stock has a market capitalization of $11.66 billion, a P/E ratio of 31.18, a PEG ratio of 3.25 and a beta of 0.73.

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 EPS for the quarter, meeting analysts' consensus estimates of $0.69. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. The company had revenue of $313.29 million during the quarter, compared to analyst estimates of $377.59 million. During the same period in the prior year, the business posted $0.66 EPS. The firm'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, research analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current 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 given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, September 26th. Equity Lifestyle Properties's payout ratio is presently 106.74%.

Analyst Upgrades and Downgrades

ELS has been the subject of several research analyst reports. Wells Fargo & Company dropped their target price on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Morgan Stanley began coverage on shares of Equity Lifestyle Properties in a report on Tuesday, July 15th. They issued a "positive" rating and a $67.50 price objective for the company. 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 report on Tuesday, July 22nd. Wall Street Zen lowered shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Finally, Truist Financial set a $68.00 price objective on shares of Equity Lifestyle Properties and gave the stock a "buy" rating in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.