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

A number of other large investors have also recently made changes to their positions in the business. Principal Financial Group Inc. lifted its position in shares of Equity Lifestyle Properties by 4.6% during the first quarter. Principal Financial Group Inc. now owns 6,349,010 shares of the real estate investment trust's stock valued at $423,479,000 after purchasing an additional 278,193 shares in the last quarter. QRG Capital Management Inc. lifted its position in shares of Equity Lifestyle Properties by 11.1% during the first quarter. QRG Capital Management Inc. now owns 11,602 shares of the real estate investment trust's stock valued at $774,000 after purchasing an additional 1,162 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Equity Lifestyle Properties by 78.7% during the first quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust's stock valued at $96,000 after purchasing an additional 635 shares in the last quarter. Dupont Capital Management Corp lifted its position in shares of Equity Lifestyle Properties by 33.8% during the first quarter. Dupont Capital Management Corp now owns 145,004 shares of the real estate investment trust's stock valued at $9,672,000 after purchasing an additional 36,655 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Equity Lifestyle Properties by 3.2% during the first quarter. KBC Group NV now owns 145,262 shares of the real estate investment trust's stock valued at $9,689,000 after purchasing an additional 4,450 shares in the last quarter. 97.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Truist Financial set a $68.00 price objective on shares of Equity Lifestyle Properties and gave the stock a "buy" rating in a report on Wednesday, July 30th. 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 report on Thursday, September 4th. Wells Fargo & Company decreased 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 report on Thursday, July 24th. Compass Point upgraded shares of Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price objective for the company in a report on Tuesday, July 22nd. Finally, Royal Bank Of Canada decreased their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Equity Lifestyle Properties presently has an average rating of "Moderate Buy" and a consensus price target of $71.05.

Equity Lifestyle Properties Price Performance

ELS opened at $61.50 on Friday. The company has a market capitalization of $11.92 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 3.32 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. The firm has a 50-day moving average price of $60.73 and a 200-day moving average price of $63.29. Equity Lifestyle Properties, Inc. has a twelve month low of $58.15 and a twelve month high of $76.60.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last posted its earnings results on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share for the quarter, hitting the consensus estimate of $0.69. The firm 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 was down .8% on a year-over-year basis. During the same quarter last 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 expect that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be paid a dividend of $0.515 per share. 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 payout ratio is currently 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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