Resolution Capital Ltd Has $130.04 Million 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 lessened its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 3.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 holdings, 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 reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. PharVision Advisers LLC increased its position in Equity Lifestyle Properties by 44.2% during the 1st quarter. PharVision Advisers LLC now owns 5,427 shares of the real estate investment trust's stock worth $362,000 after purchasing an additional 1,664 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its position in Equity Lifestyle Properties by 2.6% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 49,813 shares of the real estate investment trust's stock worth $3,323,000 after purchasing an additional 1,277 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Equity Lifestyle Properties during the 1st quarter worth about $1,440,000. Eventide Asset Management LLC purchased a new stake in Equity Lifestyle Properties during the 1st quarter worth about $13,057,000. Finally, Alliancebernstein L.P. increased its position in Equity Lifestyle Properties by 3.3% during the 1st quarter. Alliancebernstein L.P. now owns 305,516 shares of the real estate investment trust's stock worth $20,378,000 after purchasing an additional 9,896 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company's stock.

Equity Lifestyle Properties Trading Up 0.1%

Shares of NYSE:ELS traded up $0.05 during trading on Tuesday, reaching $61.62. 169,813 shares of the stock were exchanged, compared to its average volume of 1,522,604. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.04 and a current ratio of 0.04. Equity Lifestyle Properties, Inc. has a 12-month low of $58.15 and a 12-month high of $76.60. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of 31.90, a price-to-earnings-growth ratio of 3.33 and a beta of 0.73. The firm's 50-day moving average price is $60.78 and its 200 day moving average price is $63.44.

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, hitting the consensus estimate 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 for the quarter, compared to analyst estimates of $377.59 million. During the same period in the previous year, the company posted $0.66 EPS. Equity Lifestyle Properties's revenue for the quarter 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 anticipate that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

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 paid a $0.515 dividend. The ex-dividend date of this dividend 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 presently 106.74%.

Analysts Set New Price Targets

Several analysts have commented on the company. Compass Point upgraded Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price target for the company in a report on Tuesday, July 22nd. Barclays upgraded Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and lowered their price target for the company from $70.00 to $67.00 in a report on Tuesday, July 29th. Morgan Stanley lowered their price target on Equity Lifestyle Properties from $67.50 to $62.50 and set an "equal weight" rating for the company in a report on Thursday, September 4th. Wells Fargo & Company lowered their price target 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. Finally, Wall Street Zen cut Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. One investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.05.

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.