Price T Rowe Associates Inc. MD Has $253.76 Million Stock Position in Equity Lifestyle Properties, Inc. $ELS

Key Points

• Price T Rowe Associates Inc. has reduced its stake in Equity Lifestyle Properties, Inc. by 41.8%, selling 2,730,814 shares and now owning approximately 3.8 million shares, valued at $253.76 million.
• Institutional investors hold 97.21% of Equity Lifestyle Properties, with notable increases in stakes from several firms including Brooklyn Investment Group (up 673.7%) and Farther Finance Advisors LLC (up 78.7%).
• Equity Lifestyle Properties announced a quarterly dividend of $0.515 per share, yielding 3.4%, with an ex-dividend date set for September 26th.

Price T Rowe Associates Inc. MD decreased its position in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 41.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,804,405 shares of the real estate investment trust's stock after selling 2,730,814 shares during the period. Price T Rowe Associates Inc. MD owned approximately 1.99% of Equity Lifestyle Properties worth $253,756,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group grew its holdings in shares of Equity Lifestyle Properties by 673.7% in the 1st quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 384 shares during the period. National Pension Service grew its holdings in shares of Equity Lifestyle Properties by 75.0% in the 1st quarter. National Pension Service now owns 644 shares of the real estate investment trust's stock valued at $43,000 after buying an additional 276 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in shares of Equity Lifestyle Properties by 31.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,426 shares of the real estate investment trust's stock valued at $95,000 after buying an additional 345 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Equity Lifestyle Properties by 78.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust's stock valued at $96,000 after buying an additional 635 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of Equity Lifestyle Properties by 351.6% in the 1st quarter. Blue Trust Inc. now owns 1,865 shares of the real estate investment trust's stock valued at $124,000 after buying an additional 1,452 shares during the period. Institutional investors and hedge funds own 97.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada reduced their target price on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 23rd. Compass Point raised shares of Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 target price for the company in a research note on Tuesday, July 22nd. Wells Fargo & Company reduced their target price on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Truist Financial set a $68.00 target price on shares of Equity Lifestyle Properties and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, Wall Street Zen lowered shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $71.50.

Equity Lifestyle Properties Stock Up 1.6%

Shares of Equity Lifestyle Properties stock traded up $0.96 during trading hours on Wednesday, reaching $60.06. 1,773,430 shares of the company's stock were exchanged, compared to its average volume of 1,531,016. The company has a 50 day moving average of $61.19 and a two-hundred day moving average of $63.80. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $76.60. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.24. The stock has a market cap of $11.64 billion, a P/E ratio of 31.12, a P/E/G ratio of 3.23 and a beta of 0.70.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.69 EPS 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 the consensus estimate of $377.59 million. During the same period in the prior year, the business posted $0.66 EPS. The company's quarterly revenue was down .8% on a year-over-year basis. 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, 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 company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date 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.