Scientech Research LLC Buys 6,451 Shares of Equity Lifestyle Properties, Inc. $ELS

Key Points

• Scientech Research LLC increased its holdings in Equity Lifestyle Properties, Inc. by 64.1% in Q1, now owning 16,512 shares valued at approximately $1.1 million.
• Equity Lifestyle Properties reported Q2 earnings meeting analysts' expectations with earnings per share of $0.69 but decreased revenue year-over-year by 0.8%.
• The company announced a quarterly dividend of $0.515 per share, resulting in a yield of 3.3%, with a payout ratio of 106.74%.

Scientech Research LLC grew its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 64.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,512 shares of the real estate investment trust's stock after purchasing an additional 6,451 shares during the period. Scientech Research LLC's holdings in Equity Lifestyle Properties were worth $1,101,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ELS. Vanguard Group Inc. increased its holdings in shares of Equity Lifestyle Properties by 0.4% during the first quarter. Vanguard Group Inc. now owns 25,151,151 shares of the real estate investment trust's stock worth $1,677,582,000 after buying an additional 97,306 shares in the last quarter. Principal Financial Group Inc. grew its position in Equity Lifestyle Properties by 4.6% during the 1st quarter. Principal Financial Group Inc. now owns 6,349,010 shares of the real estate investment trust's stock worth $423,479,000 after acquiring an additional 278,193 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Equity Lifestyle Properties by 15.1% in the 1st quarter. Victory Capital Management Inc. now owns 5,330,066 shares of the real estate investment trust's stock worth $355,515,000 after purchasing an additional 699,877 shares in the last quarter. JPMorgan Chase & Co. raised its position in Equity Lifestyle Properties by 12.7% in the first quarter. JPMorgan Chase & Co. now owns 4,209,452 shares of the real estate investment trust's stock valued at $280,771,000 after purchasing an additional 474,495 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Equity Lifestyle Properties by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,722,268 shares of the real estate investment trust's stock valued at $181,574,000 after purchasing an additional 26,775 shares during the last quarter. Institutional investors own 97.21% of the company's stock.

Analyst Ratings Changes

ELS has been the topic of several research reports. Truist Financial set a $68.00 price target on Equity Lifestyle Properties and gave the stock a "buy" rating in a report on Wednesday, July 30th. Royal Bank Of Canada cut 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. Morgan Stanley decreased their price target on shares of Equity Lifestyle Properties from $67.50 to $62.50 and set an "equal weight" rating for the company in a research report on Thursday, September 4th. Wall Street Zen downgraded shares of 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 target on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. One 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. According to data from MarketBeat.com, Equity Lifestyle Properties has a consensus rating of "Moderate Buy" and an average price target of $71.05.

Equity Lifestyle Properties Trading Down 0.1%

NYSE ELS traded down $0.09 during mid-day trading on Friday, reaching $61.43. 476,672 shares of the stock were exchanged, compared to its average volume of 1,524,645. The stock has a market cap of $11.91 billion, a P/E ratio of 31.82, a P/E/G ratio of 3.26 and a beta of 0.73. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.04 and a quick ratio of 0.04. Equity Lifestyle Properties, Inc. has a one year low of $58.15 and a one year high of $76.60. The stock has a 50 day simple moving average of $60.74 and a 200-day simple moving average of $63.37.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share for the quarter, hitting 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 the consensus estimate of $377.59 million. During the same period last year, the business posted $0.66 EPS. The business's 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, analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 EPS 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. 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 yield of 3.4%. The ex-dividend date is Friday, September 26th. Equity Lifestyle Properties's payout ratio is presently 106.74%.

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.