Uniplan Investment Counsel Inc. Sells 18,814 Shares of 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. lowered its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 6.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 257,078 shares of the real estate investment trust's stock after selling 18,814 shares during the quarter. Equity Lifestyle Properties comprises approximately 1.7% of Uniplan Investment Counsel Inc.'s investment portfolio, making the stock its 17th largest 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.

Several other institutional investors have also recently bought and sold shares of ELS. Brooklyn Investment Group increased its position in shares of Equity Lifestyle Properties by 673.7% during the first quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 384 shares in the last quarter. National Pension Service lifted its position in Equity Lifestyle Properties by 75.0% in the 1st quarter. National Pension Service now owns 644 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 276 shares in the last quarter. SVB Wealth LLC acquired a new position in Equity Lifestyle Properties during the 1st quarter valued at about $61,000. Caitong International Asset Management Co. Ltd increased its holdings in Equity Lifestyle Properties by 31.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,426 shares of the real estate investment trust's stock worth $95,000 after purchasing an additional 345 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Equity Lifestyle Properties by 78.7% during the 1st 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 in the last quarter. Institutional investors and hedge funds own 97.21% of the company's stock.

Equity Lifestyle Properties Trading Up 1.3%

Shares of Equity Lifestyle Properties stock opened at $61.68 on Friday. Equity Lifestyle Properties, Inc. has a 1 year low of $58.15 and a 1 year high of $76.60. The firm has a market cap of $11.95 billion, a PE ratio of 31.96, a P/E/G ratio of 3.33 and a beta of 0.73. The stock has a fifty day moving average price of $60.78 and a 200-day moving average price of $63.49. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.04 and a quick ratio of 0.04.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share for the quarter, hitting analysts' consensus estimates of $0.69. The company had revenue of $313.29 million for 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 firm's quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm earned $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. Equities research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be paid a dividend of $0.515 per share. The ex-dividend date is Friday, September 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.3%. Equity Lifestyle Properties's dividend payout ratio (DPR) is presently 106.74%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ELS shares. Wall Street Zen lowered Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Barclays upgraded 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. Royal Bank Of Canada reduced 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 note on Wednesday, July 23rd. Morgan Stanley lowered their target price 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. Finally, Compass Point upgraded shares of Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price target on the stock in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company 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.

Want to see what other hedge funds are holding ELS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.