Swedbank AB Has $24.23 Million Stock Holdings in Equity Lifestyle Properties, Inc. $ELS

Key Points

• Swedbank AB increased its stake in Equity Lifestyle Properties, Inc. by 11.7%, acquiring an additional 38,000 shares to own a total of 363,305 shares valued at $24.2 million.
• Various large investors, including Principal Financial Group and Farther Finance Advisors, have also raised their positions in the company, reflecting strong institutional interest, with 97.21% of the stock owned by institutional investors.
• Equity Lifestyle Properties announced a quarterly dividend of $0.515 per share, with a dividend yield of 3.3%, despite a payout ratio of 106.74%.

Swedbank AB boosted its position in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 11.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 363,305 shares of the real estate investment trust's stock after buying an additional 38,000 shares during the quarter. Swedbank AB owned 0.19% of Equity Lifestyle Properties worth $24,232,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ELS. Nuveen LLC bought a new stake in shares of Equity Lifestyle Properties in the 1st quarter worth about $142,937,000. Victory Capital Management Inc. grew its position 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 buying an additional 699,877 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC grew its position in shares of Equity Lifestyle Properties by 101.4% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,251,554 shares of the real estate investment trust's stock valued at $83,479,000 after buying an additional 630,065 shares during the last quarter. JPMorgan Chase & Co. grew its position 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 buying an additional 474,495 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of Equity Lifestyle Properties by 535.2% during the 1st quarter. American Century Companies Inc. now owns 369,167 shares of the real estate investment trust's stock valued at $24,623,000 after buying an additional 311,053 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ELS shares. Wells Fargo & Company lowered their price objective on shares of 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 shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and decreased their target price for the stock from $70.00 to $67.00 in a research report on Tuesday, July 29th. Truist Financial set a $68.00 target price on shares of Equity Lifestyle Properties and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada decreased 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 research report on Wednesday, July 23rd. Finally, Wall Street Zen cut shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Equity Lifestyle Properties has a consensus rating of "Moderate Buy" and a consensus price target of $71.05.

Equity Lifestyle Properties Trading Down 0.6%

Shares of ELS stock traded down $0.34 during trading hours on Thursday, reaching $60.28. 509,530 shares of the stock traded hands, compared to its average volume of 1,534,358. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $75.11. The business has a fifty day moving average price of $60.66 and a 200 day moving average price of $63.17. 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 firm has a market capitalization of $11.68 billion, a PE ratio of 31.25, a PEG ratio of 3.28 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, meeting analysts' consensus estimates of $0.69. The business 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 firm's revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business 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, equities research analysts forecast that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, September 26th. 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.