Equity Lifestyle Properties, Inc. $ELS Shares Sold by Millennium Management LLC

Millennium Management LLC lowered its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 8.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 896,932 shares of the real estate investment trust's stock after selling 78,459 shares during the period. Millennium Management LLC owned approximately 0.47% of Equity Lifestyle Properties worth $59,825,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Captrust Financial Advisors boosted its stake in shares of Equity Lifestyle Properties by 38.1% in the fourth quarter. Captrust Financial Advisors now owns 6,707 shares of the real estate investment trust's stock valued at $447,000 after buying an additional 1,850 shares in the last quarter. EP Wealth Advisors LLC boosted its position in Equity Lifestyle Properties by 7.8% during the fourth quarter. EP Wealth Advisors LLC now owns 5,845 shares of the real estate investment trust's stock worth $389,000 after purchasing an additional 422 shares in the last quarter. Gotham Asset Management LLC acquired a new stake in Equity Lifestyle Properties in the fourth quarter valued at $1,382,000. Hudson Bay Capital Management LP acquired a new stake in Equity Lifestyle Properties in the fourth quarter valued at $24,954,000. Finally, Janus Henderson Group PLC grew its holdings in Equity Lifestyle Properties by 1.1% in the fourth quarter. Janus Henderson Group PLC now owns 1,235,629 shares of the real estate investment trust's stock valued at $82,259,000 after purchasing an additional 13,779 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company's stock.

Equity Lifestyle Properties Trading Down 0.0%

NYSE ELS traded down $0.03 during trading hours on Friday, hitting $61.50. 1,341,668 shares of the company's stock were exchanged, compared to its average volume of 1,404,042. The business's 50 day moving average is $60.73 and its 200-day moving average is $63.29. Equity Lifestyle Properties, Inc. has a 12-month low of $58.15 and a 12-month high of $76.60. The firm has a market capitalization of $11.92 billion, a P/E ratio of 31.86, a price-to-earnings-growth ratio of 3.32 and a beta of 0.73. 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 (NYSE:ELS - Get Free Report) last released its earnings results 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. The firm had revenue of $313.29 million for the quarter, compared to the consensus estimate of $377.59 million. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%.The firm's revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.66 earnings per share. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q3 2025 guidance at 0.720-0.780 EPS. As a group, analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The business also recently announced 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. The ex-dividend date is Friday, September 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.3%. Equity Lifestyle Properties's dividend payout ratio (DPR) is 106.74%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. 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. Morgan Stanley reduced 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 report on Thursday, September 4th. Wall Street Zen downgraded Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Royal Bank Of Canada reduced 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 report on Wednesday, July 23rd. Finally, Truist Financial set a $68.00 price objective on Equity Lifestyle Properties and gave the company a "buy" rating in a research report on Wednesday, July 30th. One 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $71.05.

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.