Nomura Holdings Inc. Trims 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. lessened its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 78.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 quarter.

Several other institutional investors also recently modified their holdings of ELS. Mercer Global Advisors Inc. ADV lifted its position in Equity Lifestyle Properties by 261.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 15,854 shares of the real estate investment trust's stock valued at $1,056,000 after purchasing an additional 11,468 shares during the last quarter. Algert Global LLC purchased a new stake in shares of Equity Lifestyle Properties during the 4th quarter valued at $2,488,000. Captrust Financial Advisors lifted its stake in Equity Lifestyle Properties by 38.1% during the fourth quarter. Captrust Financial Advisors now owns 6,707 shares of the real estate investment trust's stock worth $447,000 after purchasing an additional 1,850 shares during the last quarter. Crestline Management LP bought a new stake in Equity Lifestyle Properties in the 4th quarter worth approximately $1,912,000. Finally, EP Wealth Advisors LLC boosted its stake in shares of Equity Lifestyle Properties by 7.8% in the 4th quarter. EP Wealth Advisors LLC now owns 5,845 shares of the real estate investment trust's stock valued at $389,000 after purchasing an additional 422 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors.

Equity Lifestyle Properties Trading Up 1.3%

Shares of ELS traded up $0.79 during mid-day trading on Friday, hitting $61.68. 1,872,438 shares of the company's stock traded hands, compared to its average volume of 1,331,116. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $11.95 billion, a P/E ratio of 31.96, a PEG ratio of 3.33 and a beta of 0.73. The business's 50-day moving average price is $60.78 and its 200-day moving average price is $63.47. Equity Lifestyle Properties, Inc. has a 1 year low of $58.15 and a 1 year high of $76.60.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share for the quarter, meeting 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 business had revenue of $313.29 million for the quarter, compared to analysts' expectations of $377.59 million. During the same quarter in the previous year, the business posted $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. As a group, sell-side analysts forecast that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be given a dividend of $0.515 per share. The ex-dividend date is Friday, September 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.3%. Equity Lifestyle Properties's payout ratio is currently 106.74%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Morgan Stanley decreased their target price on shares of Equity Lifestyle Properties from $67.50 to $62.50 and set an "equal weight" rating on the stock in a research report on Thursday. Wells Fargo & Company reduced their price objective on Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Barclays raised Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and lowered their target price for the company from $70.00 to $67.00 in a research note on Tuesday, July 29th. Royal Bank Of Canada reduced their price target 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 target on shares of Equity Lifestyle Properties and gave the company a "buy" rating in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $71.05.

About Equity Lifestyle Properties

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.