Prudential PLC Takes Position in Equity Lifestyle Properties, Inc. $ELS

Key Points

• Prudential PLC acquired a new stake in Equity Lifestyle Properties, Inc., purchasing 7,051 shares worth approximately $470,000 during the 1st quarter.
Equity Lifestyle Properties reported a quarterly earnings per share (EPS) of $0.69, meeting analysts' expectations, but its revenue of $313.29 million fell short of the projected $377.59 million.
• The company recently declared a quarterly dividend of $0.515, which will yield approximately 3.4% annually, with the payment scheduled for October 10th.

Prudential PLC acquired a new stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,051 shares of the real estate investment trust's stock, valued at approximately $470,000.

Several other hedge funds also recently modified their holdings of the stock. Wells Fargo & Company MN raised its position in Equity Lifestyle Properties by 31.1% in the 4th quarter. Wells Fargo & Company MN now owns 84,332 shares of the real estate investment trust's stock valued at $5,617,000 after buying an additional 20,011 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Equity Lifestyle Properties in the fourth quarter valued at about $6,762,000. Bessemer Group Inc. raised its holdings in shares of Equity Lifestyle Properties by 121.4% in the fourth quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 210 shares during the last quarter. Mariner LLC lifted its position in shares of Equity Lifestyle Properties by 15.0% during the fourth quarter. Mariner LLC now owns 12,485 shares of the real estate investment trust's stock valued at $831,000 after purchasing an additional 1,632 shares in the last quarter. Finally, Walleye Capital LLC purchased a new position in Equity Lifestyle Properties during the fourth quarter worth about $591,000. Hedge funds and other institutional investors own 97.21% of the company's stock.

Equity Lifestyle Properties Trading Up 1.9%

Shares of NYSE ELS traded up $1.1440 during midday trading on Tuesday, reaching $60.6640. The company had a trading volume of 1,702,022 shares, compared to its average volume of 1,973,049. The stock has a market cap of $11.76 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 3.18 and a beta of 0.70. Equity Lifestyle Properties, Inc. has a one year low of $58.15 and a one year high of $76.60. The firm's fifty day moving average price is $61.43 and its 200-day moving average price is $64.00. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.24.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share for the quarter, meeting analysts' consensus estimates of $0.69. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%.The firm had revenue of $313.29 million during the quarter, compared to analyst estimates of $377.59 million. During the same quarter in the prior year, the firm posted $0.66 earnings per share. The business'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 research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The firm 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 dividend yield of 3.4%. The ex-dividend date is Friday, September 26th. Equity Lifestyle Properties's dividend payout ratio is currently 106.74%.

Analyst Upgrades and Downgrades

Several research firms have commented on ELS. Compass Point raised shares of Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 target price on the stock in a research report on Tuesday, July 22nd. Barclays upgraded shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and cut their target price for the stock from $70.00 to $67.00 in a research report on Tuesday, July 29th. Royal Bank Of Canada cut their target price on 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. Wall Street Zen lowered Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, Wells Fargo & Company cut their price objective on Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.50.

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.