Royal Bank of Canada Grows Holdings in Equity Lifestyle Properties, Inc. $ELS

Key Points

• Royal Bank of Canada boosted its holdings in Equity Lifestyle Properties, Inc. (ELS) by 3.0%, now owning 559,253 shares valued at $37.3 million.
• Equity Lifestyle Properties announced a quarterly dividend of $0.515 per share, representing an annualized yield of 3.3%.
• Analysts have mixed views on ELS, with price targets ranging from $62.50 to $72.00, and an overall average rating of "Moderate Buy".

Royal Bank of Canada grew its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 3.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 559,253 shares of the real estate investment trust's stock after purchasing an additional 16,396 shares during the quarter. Royal Bank of Canada owned approximately 0.29% of Equity Lifestyle Properties worth $37,303,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. grew its position in shares of Equity Lifestyle Properties by 4.6% in the first quarter. Principal Financial Group Inc. now owns 6,349,010 shares of the real estate investment trust's stock valued at $423,479,000 after purchasing an additional 278,193 shares during the last quarter. QRG Capital Management Inc. boosted its position in Equity Lifestyle Properties by 11.1% during the first quarter. QRG Capital Management Inc. now owns 11,602 shares of the real estate investment trust's stock worth $774,000 after acquiring an additional 1,162 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Equity Lifestyle Properties by 78.7% during the first quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust's stock worth $96,000 after acquiring an additional 635 shares during the last quarter. Dupont Capital Management Corp boosted its position in Equity Lifestyle Properties by 33.8% during the first quarter. Dupont Capital Management Corp now owns 145,004 shares of the real estate investment trust's stock worth $9,672,000 after acquiring an additional 36,655 shares during the last quarter. Finally, KBC Group NV boosted its position in Equity Lifestyle Properties by 3.2% during the first quarter. KBC Group NV now owns 145,262 shares of the real estate investment trust's stock worth $9,689,000 after acquiring an additional 4,450 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Equity Lifestyle Properties Trading Down 0.0%

Shares of ELS traded down $0.03 during mid-day trading on Friday, reaching $61.50. The company had a trading volume of 1,341,668 shares, compared to its average volume of 1,404,042. The stock has a market cap of $11.92 billion, a price-to-earnings ratio of 31.86, a price-to-earnings-growth ratio of 3.32 and a beta of 0.73. The firm has a fifty day simple moving average of $60.73 and a 200-day simple moving average of $63.32. 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.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly 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. The company had revenue of $313.29 million for the quarter, compared to analyst estimates of $377.59 million. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. Equity Lifestyle Properties's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the business earned $0.66 EPS. 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 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, September 26th. Equity Lifestyle Properties's dividend payout ratio (DPR) is 106.74%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Wells Fargo & Company decreased 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. Compass Point upgraded 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. Morgan Stanley decreased their target price on shares of 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 decreased their target price on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating on the stock in a research report on Wednesday, July 23rd. Finally, Barclays upgraded shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and decreased their target price for the stock from $70.00 to $67.00 in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Equity Lifestyle Properties has a consensus rating of "Moderate Buy" and an average 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.