Sumitomo Mitsui DS Asset Management Company Ltd Boosts Holdings in Equity Lifestyle Properties, Inc. $ELS

Key Points

• Sumitomo Mitsui DS Asset Management has increased its stake in Equity Lifestyle Properties by 14.1%, owning 61,102 shares now valued at approximately $3.77 million.
• Equity Lifestyle Properties reported a quarterly earnings of $0.69 EPS, meeting expectations, but its revenue was down 0.8% year-over-year at $313.29 million.
• The company declared a quarterly dividend of $0.515 per share, representing a yield of 3.4% with a payout ratio of 106.74%.

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 14.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,102 shares of the real estate investment trust's stock after purchasing an additional 7,539 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Equity Lifestyle Properties were worth $3,768,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Equity Lifestyle Properties by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 25,151,151 shares of the real estate investment trust's stock valued at $1,677,582,000 after buying an additional 97,306 shares during the period. Principal Financial Group Inc. increased its stake in Equity Lifestyle Properties by 4.6% in 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 buying an additional 278,193 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Equity Lifestyle Properties by 15.1% during the 1st quarter. Victory Capital Management Inc. now owns 5,330,066 shares of the real estate investment trust's stock valued at $355,515,000 after purchasing an additional 699,877 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Equity Lifestyle Properties by 12.7% during the 1st 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 boosted its holdings in shares of Equity Lifestyle Properties by 1.0% during the 1st 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. 97.21% of the stock is owned by institutional investors.

Equity Lifestyle Properties Stock Performance

Shares of ELS traded down $0.03 during trading hours on Tuesday, reaching $60.37. 375,613 shares of the company traded hands, compared to its average volume of 1,548,102. The stock has a market capitalization of $11.70 billion, a P/E ratio of 31.30, a P/E/G ratio of 3.27 and a beta of 0.73. 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, Inc. has a 12-month low of $58.15 and a 12-month high of $73.67. The business has a fifty day moving average price of $60.58 and a 200-day moving average price of $62.92.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly earnings data 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 firm 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%. The business's quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the company 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. Equities analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The firm 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 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, September 26th. Equity Lifestyle Properties's dividend payout ratio is presently 106.74%.

Analysts Set New Price Targets

ELS has been the subject of several recent research reports. Wells Fargo & Company dropped their price target on Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Barclays upgraded Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and decreased their price objective for the company from $70.00 to $67.00 in a research report on Tuesday, July 29th. Morgan Stanley decreased their price objective on shares of Equity Lifestyle Properties from $67.50 to $62.50 and set an "equal weight" rating for the company in a research note 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, Compass Point raised shares of Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price target for the company in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $71.05.

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.