Strs Ohio Invests $8.92 Million in Equity Lifestyle Properties, Inc. $ELS

Key Points

• Strs Ohio has acquired a new position in Equity Lifestyle Properties, Inc. (ELS), purchasing 133,800 shares valued at approximately $8.9 million, representing 0.07% of the company's stock.
• Over 97% of Equity Lifestyle Properties' stock is owned by hedge funds and other institutional investors, highlighting significant investor interest in the real estate investment trust.
• Equity Lifestyle Properties reports a dividend payout ratio of 106.74%, with a quarterly dividend of $0.515 scheduled for payment on October 10th, indicating a consistent return to investors despite challenges in revenue.

Strs Ohio purchased a new stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 133,800 shares of the real estate investment trust's stock, valued at approximately $8,924,000. Strs Ohio owned approximately 0.07% of Equity Lifestyle Properties at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brooklyn Investment Group raised its position 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 acquiring an additional 384 shares in the last quarter. National Pension Service raised its position in shares of Equity Lifestyle Properties by 75.0% during the 1st quarter. National Pension Service now owns 644 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 276 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of Equity Lifestyle Properties during the 1st quarter valued at approximately $61,000. Caitong International Asset Management Co. Ltd raised its position in shares of Equity Lifestyle Properties by 31.9% during the 1st 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 acquiring an additional 345 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position 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 acquiring an additional 635 shares in the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ELS has been the topic of several research reports. Compass Point raised Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price target on the stock in a research report on Tuesday, July 22nd. Wall Street Zen lowered Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Barclays raised Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and dropped their price target for the company from $70.00 to $67.00 in a research report on Tuesday, July 29th. Wells Fargo & Company dropped their target price on 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. 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 research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.05.

Equity Lifestyle Properties Stock Performance

NYSE ELS traded down $0.26 during trading hours on Thursday, hitting $60.35. The company had a trading volume of 1,447,660 shares, compared to its average volume of 1,519,468. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $75.11. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $60.63 and a 200-day simple moving average of $63.11. The firm has a market cap of $11.70 billion, a P/E ratio of 31.27, a price-to-earnings-growth ratio of 3.27 and a beta of 0.73.

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 earnings per share (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 company had revenue of $313.29 million during the quarter, compared to analysts' expectations of $377.59 million. During the same quarter in the prior year, the business posted $0.66 earnings per share. The company's revenue for the quarter 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. Equities analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

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 3.4%. Equity Lifestyle Properties's dividend 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.