Scientech Research LLC Grows Holdings in 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 increased its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 64.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV increased its position in Equity Lifestyle Properties by 261.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 15,854 shares of the real estate investment trust's stock valued at $1,056,000 after acquiring an additional 11,468 shares during the period. Captrust Financial Advisors grew its stake in shares of Equity Lifestyle Properties by 38.1% in the 4th quarter. Captrust Financial Advisors now owns 6,707 shares of the real estate investment trust's stock valued at $447,000 after purchasing an additional 1,850 shares during the last quarter. EP Wealth Advisors LLC increased its holdings in shares of Equity Lifestyle Properties by 7.8% in the fourth quarter. EP Wealth Advisors LLC now owns 5,845 shares of the real estate investment trust's stock valued at $389,000 after purchasing an additional 422 shares during the period. Gotham Asset Management LLC purchased a new stake in shares of Equity Lifestyle Properties during the fourth quarter worth approximately $1,382,000. Finally, Hudson Bay Capital Management LP acquired a new stake in shares of Equity Lifestyle Properties during the fourth quarter worth $24,954,000. 97.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on ELS shares. Morgan Stanley dropped their price objective on shares of Equity Lifestyle Properties from $67.50 to $62.50 and set an "equal weight" rating on the stock in a research note on Thursday. Compass Point raised 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 report on Tuesday, July 22nd. Truist Financial set a $68.00 price target on shares of Equity Lifestyle Properties and gave the stock a "buy" rating in a report on Wednesday, July 30th. Wall Street Zen downgraded shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Finally, Royal Bank Of Canada dropped their target price on 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. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Equity Lifestyle Properties has an average rating of "Moderate Buy" and a consensus price target of $71.05.

Equity Lifestyle Properties Stock Up 1.3%

ELS stock opened at $61.68 on Friday. 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's 50-day moving average price is $60.78 and its 200 day moving average price is $63.49. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $76.60. The company has a market cap of $11.95 billion, a P/E ratio of 31.96, a P/E/G ratio of 3.33 and a beta of 0.73.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.69. The company had revenue of $313.29 million during the quarter, compared to the consensus estimate of $377.59 million. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. The company's revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the firm 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, research analysts expect 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 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. The ex-dividend date of this dividend is Friday, September 26th. This represents a $2.06 annualized dividend and a yield of 3.3%. Equity Lifestyle Properties's dividend payout ratio is 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.

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