Resolution Capital Ltd Decreases Holdings in Equity Lifestyle Properties, Inc. $ELS

Key Points

• Resolution Capital Ltd reduced its stake in Equity Lifestyle Properties by 3.8%, selling 77,368 shares, leaving them with nearly 1.95 million shares valued at approximately $130 million.
• Equity Lifestyle Properties announced a quarterly dividend of $0.515 per share, with a payout ratio of 106.74%, and an annualized yield of 3.3%.
• Analysts are mixed on Equity Lifestyle Properties, with ratings ranging from buy to sell, and an average target price of $71.05 per share.

Resolution Capital Ltd cut its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,949,567 shares of the real estate investment trust's stock after selling 77,368 shares during the quarter. Equity Lifestyle Properties makes up approximately 2.5% of Resolution Capital Ltd's portfolio, making the stock its 15th largest holding. Resolution Capital Ltd owned 1.02% of Equity Lifestyle Properties worth $130,036,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Brooklyn Investment Group lifted its stake in shares of 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 valued at $29,000 after buying an additional 384 shares in the last quarter. National Pension Service lifted its position in shares of Equity Lifestyle Properties by 75.0% during the first quarter. National Pension Service now owns 644 shares of the real estate investment trust's stock worth $43,000 after acquiring an additional 276 shares in the last quarter. SVB Wealth LLC bought a new position in shares of Equity Lifestyle Properties in the first quarter worth $61,000. Caitong International Asset Management Co. Ltd grew its position in shares of 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 in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of 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 valued at $96,000 after purchasing an additional 635 shares during the period. Hedge funds and other institutional investors own 97.21% of the company's stock.

Analysts Set New Price Targets

ELS has been the subject of several analyst reports. Truist Financial set a $68.00 target price on Equity Lifestyle Properties and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Morgan Stanley decreased 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 report on Thursday, September 4th. Royal Bank Of Canada cut their price objective on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating for the company in a research report on Wednesday, July 23rd. Barclays raised shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $70.00 to $67.00 in a research note on Tuesday, July 29th. Finally, Wall Street Zen lowered shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. One equities research 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $71.05.

Equity Lifestyle Properties Price Performance

Shares of NYSE ELS traded up $1.17 during midday trading on Thursday, hitting $61.56. 1,413,268 shares of the company's stock were exchanged, compared to its average volume of 1,531,077. Equity Lifestyle Properties, Inc. has a 12-month low of $58.15 and a 12-month 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 company has a market cap of $11.93 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 3.33 and a beta of 0.73. The business's fifty day moving average price is $60.75 and its two-hundred day moving average price is $63.40.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last announced its earnings results 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 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 the consensus estimate of $377.59 million. During the same period last year, the firm posted $0.66 earnings per share. Equity Lifestyle Properties'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. As a group, research analysts forecast that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders 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 3.3%. The ex-dividend date of this dividend is Friday, September 26th. Equity Lifestyle Properties's 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.