Marshall Financial Group LLC Acquires New Stake in Equity Lifestyle Properties, Inc. $ELS

Key Points

• Marshall Financial Group LLC acquired 13,908 shares of Equity Lifestyle Properties, Inc., valued at approximately $863,000, during the 2nd quarter, as indicated in its 13F filing.
• The company announced a quarterly dividend of $0.515 to be paid on October 10th, representing a 3.4% yield with a payout ratio of 106.74%.
• Equity Lifestyle Properties reported earnings of $0.69 per share for the latest quarter, meeting analysts' expectations, despite a decline in revenue compared to the previous year.

Marshall Financial Group LLC acquired a new position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 13,908 shares of the real estate investment trust's stock, valued at approximately $863,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Equity Lifestyle Properties by 0.4% during the first quarter. Vanguard Group Inc. now owns 25,151,151 shares of the real estate investment trust's stock worth $1,677,582,000 after purchasing an additional 97,306 shares during the last quarter. Principal Financial Group Inc. grew its stake in Equity Lifestyle Properties by 4.6% in the 1st quarter. Principal Financial Group Inc. now owns 6,349,010 shares of the real estate investment trust's stock valued at $423,479,000 after purchasing an additional 278,193 shares during the period. Victory Capital Management Inc. grew its stake in Equity Lifestyle Properties by 15.1% in the 1st quarter. Victory Capital Management Inc. now owns 5,330,066 shares of the real estate investment trust's stock valued at $355,515,000 after purchasing an additional 699,877 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Equity Lifestyle Properties by 12.7% during 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 last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Equity Lifestyle Properties by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,722,268 shares of the real estate investment trust's stock worth $181,574,000 after purchasing an additional 26,775 shares in the last quarter. Institutional investors own 97.21% of the company's stock.

Wall Street Analysts Forecast Growth

ELS has been the topic of several recent research reports. Barclays upgraded 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 report on Tuesday, July 29th. 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 report on Tuesday, July 22nd. Morgan Stanley dropped their price target on Equity Lifestyle Properties from $67.50 to $62.50 and set an "equal weight" rating on the stock in a research report on Thursday, September 4th. Wall Street Zen cut Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, Truist Financial set a $68.00 target price on Equity Lifestyle Properties and gave the stock a "buy" rating in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $71.05.

Equity Lifestyle Properties Trading Up 0.3%

NYSE ELS traded up $0.20 during mid-day trading on Friday, reaching $60.53. 4,556,861 shares of the stock were exchanged, compared to its average volume of 1,522,636. 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 $11.73 billion, a PE ratio of 31.36, a PEG ratio of 3.27 and a beta of 0.73. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $73.87. The business's fifty day simple moving average is $60.61 and its 200 day simple moving average is $63.01.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share for the quarter, hitting the consensus estimate 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 last year, the business earned $0.66 EPS. The firm's revenue for the quarter 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 anticipate that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal 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 paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, September 26th. Equity Lifestyle Properties's payout ratio is presently 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.