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

A number of other hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its position in Equity Lifestyle Properties by 49.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 19,583 shares of the real estate investment trust's stock valued at $1,216,000 after acquiring an additional 6,489 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Equity Lifestyle Properties by 14.1% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 61,102 shares of the real estate investment trust's stock valued at $3,768,000 after acquiring an additional 7,539 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. bought a new position in Equity Lifestyle Properties during the second quarter valued at $163,000. Gallacher Capital Management LLC bought a new position in Equity Lifestyle Properties during the second quarter valued at $216,000. Finally, Parallel Advisors LLC increased its position in Equity Lifestyle Properties by 58.3% during the second quarter. Parallel Advisors LLC now owns 3,270 shares of the real estate investment trust's stock valued at $202,000 after acquiring an additional 1,204 shares during the last quarter. Institutional investors own 97.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ELS shares. Royal Bank Of Canada cut their price objective on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating on the stock in a research report on Wednesday, July 23rd. Truist Financial set a $68.00 price target on shares of Equity Lifestyle Properties and gave the stock a "buy" rating in a report on Wednesday, July 30th. Barclays upgraded shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and cut their price target for the stock from $70.00 to $67.00 in a report on Tuesday, July 29th. 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 report on Thursday, July 24th. Finally, Morgan Stanley cut their price target on shares of Equity Lifestyle Properties from $67.50 to $62.50 and set an "equal weight" rating on the stock in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Equity Lifestyle Properties currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.05.

Equity Lifestyle Properties Stock Down 0.3%

NYSE:ELS traded down $0.17 during mid-day trading on Monday, reaching $60.39. The company's stock had a trading volume of 1,182,753 shares, compared to its average volume of 1,684,928. Equity Lifestyle Properties, Inc. has a 1 year low of $58.15 and a 1 year high of $73.87. The stock has a fifty day moving average of $60.58 and a 200-day moving average of $62.92. The firm has a market capitalization of $11.70 billion, a PE ratio of 31.29, a price-to-earnings-growth ratio of 3.27 and a beta of 0.73. 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 (NYSE:ELS - Get Free Report) last released its quarterly earnings data 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 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 firm earned $0.66 earnings per share. 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. Equities research analysts forecast that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share 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. Investors of record on Friday, September 26th will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $2.06 dividend on an annualized basis and a yield of 3.4%. Equity Lifestyle Properties's dividend payout ratio is 106.74%.

Equity Lifestyle Properties 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.