12,457 Shares in Equity Lifestyle Properties, Inc. $ELS Acquired by Perbak Capital Partners LLP

Key Points

• Perbak Capital Partners LLP invested approximately $831,000 in Equity Lifestyle Properties, acquiring a stake of 12,457 shares, which is 0.6% of their holdings and ranks as their 19th largest investment.
• Multiple institutional investors, including Nuveen LLC and Victory Capital Management Inc., have also increased their positions in Equity Lifestyle Properties, reflecting strong interest from the investment community.
• The company recently declared a quarterly dividend of $0.515 per share, set to be paid on October 10th, which translates to an annualized dividend yield of 3.4%.

Perbak Capital Partners LLP bought a new stake in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 12,457 shares of the real estate investment trust's stock, valued at approximately $831,000. Equity Lifestyle Properties comprises approximately 0.6% of Perbak Capital Partners LLP's holdings, making the stock its 19th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Equity Lifestyle Properties by 0.4% in the first quarter. Vanguard Group Inc. now owns 25,151,151 shares of the real estate investment trust's stock valued at $1,677,582,000 after buying an additional 97,306 shares during the last quarter. Principal Financial Group Inc. raised its holdings 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 buying an additional 278,193 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Equity Lifestyle Properties by 15.1% in the first 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 buying an additional 699,877 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Equity Lifestyle Properties by 12.7% in the first 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 raised its holdings in shares of Equity Lifestyle Properties by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,722,268 shares of the real estate investment trust's stock valued at $181,574,000 after buying an additional 26,775 shares during the last quarter. 97.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ELS has been the subject of several analyst reports. Barclays raised 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. Morgan Stanley cut their price target on shares of Equity Lifestyle Properties from $67.50 to $62.50 and set an "equal weight" rating for the company in a report on Thursday. Wall Street Zen cut shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Wells Fargo & Company cut their price target on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Finally, Truist Financial set a $68.00 target price on shares of Equity Lifestyle Properties and gave the stock a "buy" rating in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $71.05.

Equity Lifestyle Properties Price Performance

Equity Lifestyle Properties stock traded up $0.79 during mid-day trading on Friday, reaching $61.68. The company had a trading volume of 1,872,438 shares, compared to its average volume of 1,331,116. Equity Lifestyle Properties, Inc. has a 1 year low of $58.15 and a 1 year high of $76.60. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.04 and a quick ratio of 0.04. The company has a market capitalization of $11.95 billion, a P/E ratio of 31.96, a P/E/G ratio of 3.29 and a beta of 0.73. The stock's 50-day simple moving average is $60.78 and its 200-day simple moving average is $63.50.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued its earnings results on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, meeting 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 analysts' expectations of $377.59 million. During the same period last year, the company posted $0.66 earnings per share. The firm's quarterly revenue 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, equities analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be given a $0.515 dividend. 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 dividend payout ratio is currently 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.