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

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

Other hedge funds have also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new position in Equity Lifestyle Properties in the first quarter worth approximately $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 last quarter. Millennium Management LLC lifted its stake in Equity Lifestyle Properties by 221.2% in the fourth quarter. Millennium Management LLC now owns 975,391 shares of the real estate investment trust's stock worth $64,961,000 after acquiring an additional 671,703 shares during the last quarter. 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 last quarter. Finally, 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 last quarter. Institutional investors and hedge funds own 97.21% of the company's stock.

Equity Lifestyle Properties Stock Performance

NYSE ELS traded down $0.34 on Thursday, reaching $60.28. The stock had a trading volume of 509,530 shares, compared to its average volume of 1,534,358. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.04 and a current ratio of 0.04. Equity Lifestyle Properties, Inc. has a 12-month low of $58.15 and a 12-month high of $75.11. The business's 50-day moving average price is $60.66 and its 200 day moving average price is $63.17. The stock has a market cap of $11.68 billion, a P/E ratio of 31.25, a price-to-earnings-growth ratio of 3.28 and a beta of 0.73.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued 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. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%.The company had revenue of $313.29 million during the quarter, compared to analysts' expectations of $377.59 million. During the same quarter in the previous year, the business earned $0.66 earnings per share. The firm's revenue for the quarter was down .8% on a year-over-year basis. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q3 2025 guidance at 0.720-0.780 EPS. As a group, equities analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share 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. Shareholders of record on Friday, September 26th will be paid 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 3.4%. Equity Lifestyle Properties's payout ratio is currently 106.74%.

Analysts Set New Price Targets

ELS has been the subject of a number of recent research reports. Royal Bank Of Canada decreased their price target on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 23rd. Wells Fargo & Company decreased their price target 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. Truist Financial set a $68.00 target price on Equity Lifestyle Properties and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Wall Street Zen cut Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, Compass Point upgraded 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. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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.