Strs Ohio Takes Position 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 acquired a new position in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 133,800 shares of the real estate investment trust's stock, valued at approximately $8,924,000. Strs Ohio owned 0.07% of Equity Lifestyle Properties at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in ELS. Nuveen LLC purchased a new stake in Equity Lifestyle Properties in the first quarter worth about $142,937,000. Victory Capital Management Inc. lifted its stake in Equity Lifestyle Properties by 15.1% in the first quarter. Victory Capital Management Inc. now owns 5,330,066 shares of the real estate investment trust's stock worth $355,515,000 after acquiring an additional 699,877 shares during the period. Cbre Investment Management Listed Real Assets LLC lifted its stake in Equity Lifestyle Properties by 101.4% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,251,554 shares of the real estate investment trust's stock worth $83,479,000 after acquiring an additional 630,065 shares during the period. JPMorgan Chase & Co. lifted its stake 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 worth $280,771,000 after acquiring an additional 474,495 shares during the period. Finally, American Century Companies Inc. lifted its stake in Equity Lifestyle Properties by 535.2% in the first quarter. American Century Companies Inc. now owns 369,167 shares of the real estate investment trust's stock worth $24,623,000 after acquiring an additional 311,053 shares during the period. 97.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on ELS shares. Barclays upgraded shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and reduced their target price for the stock from $70.00 to $67.00 in a report on Tuesday, July 29th. Wall Street Zen downgraded shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Wells Fargo & Company reduced their target price on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Royal Bank Of Canada reduced their target price on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating for the company in a report on Wednesday, July 23rd. Finally, Truist Financial set a $68.00 target price on shares of Equity Lifestyle Properties and gave the stock a "buy" rating in a report on Wednesday, July 30th. One investment 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. According to MarketBeat.com, Equity Lifestyle Properties currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.05.

Equity Lifestyle Properties Price Performance

Shares of NYSE ELS opened at $61.50 on Friday. The business's 50 day moving average price is $60.73 and its 200 day moving average price is $63.29. The firm has a market cap of $11.92 billion, a P/E ratio of 31.86, a P/E/G ratio of 3.32 and a beta of 0.73. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $76.60. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.24.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued its earnings results on Monday, July 21st. The real estate investment trust reported $0.69 EPS for the quarter, meeting analysts' consensus estimates of $0.69. The firm had revenue of $313.29 million for the quarter, compared to analyst estimates of $377.59 million. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%.Equity Lifestyle Properties's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.66 earnings per share. 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 expect that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be given a $0.515 dividend. The ex-dividend date is Friday, September 26th. This represents a $2.06 dividend on an annualized basis and a yield of 3.3%. Equity Lifestyle Properties's dividend payout ratio is currently 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.

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