Uniplan Investment Counsel Inc. Cuts Holdings in Equity Lifestyle Properties, Inc. $ELS

Key Points

• Uniplan Investment Counsel Inc. sold 18,814 shares of Equity Lifestyle Properties, Inc., reducing its holdings by 6.8% and making it the 17th largest holding in their investment portfolio.
• Equity Lifestyle Properties reported earnings of $0.69 per share for the last quarter, matching analysts' expectations, but revenue came in lower than projected at $313.29 million.
• The company declared a quarterly dividend of $0.515 per share with a dividend yield of 3.3%, although its payout ratio currently stands at 106.74%.

Uniplan Investment Counsel Inc. trimmed its position in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 6.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 257,078 shares of the real estate investment trust's stock after selling 18,814 shares during the period. Equity Lifestyle Properties comprises 1.7% of Uniplan Investment Counsel Inc.'s portfolio, making the stock its 17th biggest holding. Uniplan Investment Counsel Inc. owned about 0.13% of Equity Lifestyle Properties worth $17,147,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. boosted its position in Equity Lifestyle Properties by 4.6% in the first quarter. Principal Financial Group Inc. now owns 6,349,010 shares of the real estate investment trust's stock worth $423,479,000 after purchasing an additional 278,193 shares during the last quarter. QRG Capital Management Inc. boosted its position in Equity Lifestyle Properties by 11.1% in the first quarter. QRG Capital Management Inc. now owns 11,602 shares of the real estate investment trust's stock worth $774,000 after purchasing an additional 1,162 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Equity Lifestyle Properties by 78.7% in the first quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust's stock worth $96,000 after purchasing an additional 635 shares during the last quarter. Dupont Capital Management Corp boosted its position in Equity Lifestyle Properties by 33.8% in the first quarter. Dupont Capital Management Corp now owns 145,004 shares of the real estate investment trust's stock worth $9,672,000 after purchasing an additional 36,655 shares during the last quarter. Finally, KBC Group NV boosted its position in Equity Lifestyle Properties by 3.2% in the first quarter. KBC Group NV now owns 145,262 shares of the real estate investment trust's stock worth $9,689,000 after purchasing an additional 4,450 shares during the last quarter. 97.21% of the stock is owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Price Performance

NYSE ELS traded down $0.09 during trading hours on Friday, reaching $61.43. The company's stock had a trading volume of 476,672 shares, compared to its average volume of 1,524,645. The firm's 50-day moving average price is $60.74 and its 200-day moving average price is $63.37. 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 1 year low of $58.15 and a 1 year high of $76.60. The company has a market capitalization of $11.91 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 3.26 and a beta of 0.73.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.69 EPS for the quarter, hitting 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 for the quarter, compared to analysts' expectations of $377.59 million. During the same period in the previous year, the firm earned $0.66 EPS. The firm's revenue was down .8% compared to the same quarter last year. 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 predict that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be issued a $0.515 dividend. The ex-dividend date of this dividend 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%.

Analyst Ratings Changes

A number of equities analysts recently commented on ELS shares. Wells Fargo & Company decreased their target price on Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Compass Point raised Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price objective on the stock in a research report on Tuesday, July 22nd. Wall Street Zen cut Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Royal Bank Of Canada lowered their price objective on Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating on the stock in a research report on Wednesday, July 23rd. Finally, Truist Financial set a $68.00 price objective on Equity Lifestyle Properties and gave the company a "buy" rating in a research report on Wednesday, July 30th. One equities research 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, Equity Lifestyle Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.05.

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.