Public Employees Retirement System of Ohio Acquires 4,534 Shares of Equity Lifestyle Properties, Inc. $ELS

Key Points

• The Public Employees Retirement System of Ohio has increased its holdings in Equity Lifestyle Properties, Inc. by 1.4%, owning 336,766 shares valued at approximately $20.77 million.
• Equity Lifestyle Properties announced a quarterly dividend of $0.515, showcasing a yield of 3.4%, with a payout ratio of 106.74%.
• Wall Street analysts have varying price targets for Equity Lifestyle Properties, with an average target at $71.05 and multiple ratings from "buy" to "sell."

Public Employees Retirement System of Ohio increased its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 1.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 336,766 shares of the real estate investment trust's stock after buying an additional 4,534 shares during the quarter. Public Employees Retirement System of Ohio owned 0.18% of Equity Lifestyle Properties worth $20,768,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ELS. Brooklyn Investment Group grew its position in Equity Lifestyle Properties by 673.7% during the 1st quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 384 shares during the last quarter. National Pension Service increased its position in 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 acquiring an additional 276 shares during the period. SVB Wealth LLC acquired a new position in shares of Equity Lifestyle Properties during the first quarter worth $61,000. Caitong International Asset Management Co. Ltd increased its holdings in Equity Lifestyle Properties by 31.9% in the first 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 purchasing an additional 345 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in 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 buying an additional 635 shares during the period. Institutional investors own 97.21% of the company's stock.

Wall Street Analysts Forecast Growth

ELS has been the topic of a number of recent analyst reports. Truist Financial set a $68.00 price target on shares of Equity Lifestyle Properties and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Morgan Stanley dropped their price target on Equity Lifestyle Properties from $67.50 to $62.50 and set an "equal weight" rating on the stock in a research note on Thursday, September 4th. Wells Fargo & Company dropped their target price on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Wall Street Zen downgraded Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, Compass Point raised Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price objective for the company in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Equity Lifestyle Properties currently has an average rating of "Moderate Buy" and an average price target of $71.05.

Equity Lifestyle Properties Stock Up 0.1%

Shares of NYSE:ELS opened at $59.93 on Friday. The business's 50 day moving average is $60.49 and its 200 day moving average is $62.82. Equity Lifestyle Properties, Inc. has a 12-month low of $58.15 and a 12-month high of $73.67. The stock has a market cap of $11.61 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 3.23 and a beta of 0.73. 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 results on Monday, July 21st. The real estate investment trust reported $0.69 EPS 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 business had revenue of $313.29 million during the quarter, compared to analyst estimates of $377.59 million. During the same period in the prior year, the firm posted $0.66 EPS. Equity Lifestyle Properties'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, sell-side analysts forecast that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be paid a $0.515 dividend. The ex-dividend date is Friday, September 26th. This represents a $2.06 annualized dividend and a yield of 3.4%. Equity Lifestyle Properties's dividend payout ratio (DPR) is 106.74%.

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.

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