UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Purchases 142,239 Shares of Equity Lifestyle Properties, Inc. $ELS

Key Points

• UBS AM has increased its holdings in Equity Lifestyle Properties, Inc. by 8.3%, now owning 1,849,471 shares valued at approximately $123.36 million.
• The company reported earnings of $0.69 per share, meeting analysts' expectations, but experienced a year-over-year revenue decline of 0.8%.
• Equity Lifestyle Properties announced a quarterly dividend of $0.515 per share, resulting in a dividend yield of 3.3%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 8.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,849,471 shares of the real estate investment trust's stock after buying an additional 142,239 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.97% of Equity Lifestyle Properties worth $123,360,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Captrust Financial Advisors raised its stake in Equity Lifestyle Properties by 38.1% during the 4th quarter. Captrust Financial Advisors now owns 6,707 shares of the real estate investment trust's stock valued at $447,000 after purchasing an additional 1,850 shares during the last quarter. Gotham Asset Management LLC acquired a new position in Equity Lifestyle Properties during the 4th quarter valued at $1,382,000. Millennium Management LLC raised its stake in Equity Lifestyle Properties by 221.2% during the 4th quarter. Millennium Management LLC now owns 975,391 shares of the real estate investment trust's stock valued at $64,961,000 after purchasing an additional 671,703 shares during the last quarter. OMERS ADMINISTRATION Corp raised its stake in Equity Lifestyle Properties by 20.5% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 7,433 shares of the real estate investment trust's stock valued at $495,000 after purchasing an additional 1,266 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new position in Equity Lifestyle Properties during the 4th quarter valued at $3,070,000. 97.21% of the stock is owned by institutional investors.

Equity Lifestyle Properties Trading Down 0.0%

Shares of Equity Lifestyle Properties stock opened at $61.50 on Friday. The stock has a market capitalization of $11.92 billion, a P/E ratio of 31.86, a price-to-earnings-growth 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 company has a 50-day simple moving average of $60.73 and a 200 day simple moving average of $63.32. Equity Lifestyle Properties, Inc. has a 12-month low of $58.15 and a 12-month high of $76.60.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last announced its earnings results on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.69. The business had revenue of $313.29 million during the quarter, compared to analysts' expectations 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 for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the company posted $0.66 EPS. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q3 2025 guidance at 0.720-0.780 EPS. Research analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal 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 given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, September 26th. Equity Lifestyle Properties's dividend payout ratio (DPR) is presently 106.74%.

Wall Street Analyst Weigh In

ELS has been the subject of several research analyst reports. Compass Point upgraded shares of Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 target price for the company in a research note on Tuesday, July 22nd. Truist Financial set a $68.00 target price on shares of Equity Lifestyle Properties and gave the company a "buy" rating in a research note on Wednesday, July 30th. Barclays upgraded shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and dropped their price objective for the company from $70.00 to $67.00 in a research note on Tuesday, July 29th. Wall Street Zen cut shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, Wells Fargo & Company dropped 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 note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $71.05.

About Equity Lifestyle Properties

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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