Nomura Holdings Inc. Has $662,000 Stock Holdings in Equity Lifestyle Properties, Inc. $ELS

Key Points

• Nomura Holdings Inc. significantly reduced its stake in Equity Lifestyle Properties, Inc. (ELS) by 78.5%, now holding 9,922 shares valued at approximately $662,000 as of the latest SEC filing.
• Numerous hedge funds increased their positions in Equity Lifestyle Properties, with notable acquisitions from Nuveen LLC and Victory Capital Management, reflecting a growing interest in the stock among institutional investors.
• Equity Lifestyle Properties announced a quarterly dividend of $0.515 per share, yielding 3.4%, with a payout ratio of 106.74% indicating a high dividend relative to earnings.

Nomura Holdings Inc. cut its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 78.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,922 shares of the real estate investment trust's stock after selling 36,176 shares during the quarter. Nomura Holdings Inc.'s holdings in Equity Lifestyle Properties were worth $662,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. increased its position in shares of Equity Lifestyle Properties by 4.6% in the first 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 acquiring an additional 278,193 shares during the last quarter. QRG Capital Management Inc. grew its stake in Equity Lifestyle Properties by 11.1% in the first quarter. QRG Capital Management Inc. now owns 11,602 shares of the real estate investment trust's stock valued at $774,000 after purchasing an additional 1,162 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Equity Lifestyle Properties by 78.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust's stock worth $96,000 after purchasing an additional 635 shares during the last quarter. Dupont Capital Management Corp raised its stake in shares of Equity Lifestyle Properties by 33.8% during the 1st quarter. Dupont Capital Management Corp now owns 145,004 shares of the real estate investment trust's stock worth $9,672,000 after purchasing an additional 36,655 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of Equity Lifestyle Properties by 3.2% during the 1st quarter. KBC Group NV now owns 145,262 shares of the real estate investment trust's stock worth $9,689,000 after purchasing an additional 4,450 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ELS has been the subject of several analyst reports. Truist Financial set a $68.00 target price on shares of Equity Lifestyle Properties and gave the company a "buy" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada decreased their price objective on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating for the company in a research report on Wednesday, July 23rd. Barclays upgraded shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and lowered their price objective for the stock from $70.00 to $67.00 in a research note on Tuesday, July 29th. Wall Street Zen cut shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Finally, Morgan Stanley reduced their price target on Equity Lifestyle Properties from $67.50 to $62.50 and set an "equal weight" rating for the company in a report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.05.

Equity Lifestyle Properties Stock Performance

ELS traded down $1.29 on Wednesday, reaching $60.36. The company had a trading volume of 1,771,481 shares, compared to its average volume of 1,370,031. The stock has a market cap of $11.70 billion, a P/E ratio of 31.28, a P/E/G ratio of 3.33 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, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $76.60. The company's fifty day moving average is $60.75 and its 200 day moving average is $63.40.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.69 EPS for the quarter, meeting analysts' consensus estimates of $0.69. The firm had revenue of $313.29 million for the quarter, compared to analyst estimates of $377.59 million. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%.The company's revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the firm 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. As a group, analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share 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. Shareholders of record on Friday, September 26th will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend 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%.

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.