Equity Lifestyle Properties, Inc. $ELS Stock Position Lowered by Venture Visionary Partners LLC

Key Points

• Venture Visionary Partners LLC decreased its stake in Equity Lifestyle Properties, Inc. by 50%, selling 4,400 shares and leaving them with a total value of $293,000 at the end of the first quarter.
• Despite the cutback by Venture Visionary Partners, other institutional investors have increased their holdings significantly, with notable increases from Nuveen LLC and Northern Trust Corp.
• Equity Lifestyle Properties announced a quarterly dividend of $0.515 per share, reflecting a 3.4% dividend yield, with the payout ratio standing at 106.74%.

Venture Visionary Partners LLC decreased its position in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 50.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,400 shares of the real estate investment trust's stock after selling 4,400 shares during the quarter. Venture Visionary Partners LLC's holdings in Equity Lifestyle Properties were worth $293,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in shares of Equity Lifestyle Properties by 4.6% in the 1st quarter. Principal Financial Group Inc. now owns 6,349,010 shares of the real estate investment trust's stock worth $423,479,000 after acquiring an additional 278,193 shares in the last quarter. QRG Capital Management Inc. grew its position in shares of Equity Lifestyle Properties by 11.1% in the 1st quarter. QRG Capital Management Inc. now owns 11,602 shares of the real estate investment trust's stock worth $774,000 after acquiring an additional 1,162 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Equity Lifestyle Properties by 78.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust's stock worth $96,000 after acquiring an additional 635 shares in the last quarter. Dupont Capital Management Corp grew its position in shares of Equity Lifestyle Properties by 33.8% in the 1st quarter. Dupont Capital Management Corp now owns 145,004 shares of the real estate investment trust's stock worth $9,672,000 after acquiring an additional 36,655 shares in the last quarter. Finally, KBC Group NV grew its position in shares of Equity Lifestyle Properties by 3.2% in the 1st quarter. KBC Group NV now owns 145,262 shares of the real estate investment trust's stock worth $9,689,000 after acquiring an additional 4,450 shares in 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 $0.6650 during midday trading on Monday, reaching $59.8050. 1,335,099 shares of the company traded hands, compared to its average volume of 1,529,865. 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, Inc. has a twelve month low of $58.15 and a twelve month high of $76.60. The company has a fifty day moving average price of $61.30 and a 200 day moving average price of $63.88. The firm has a market capitalization of $11.59 billion, a price-to-earnings ratio of 30.99, a price-to-earnings-growth ratio of 3.23 and a beta of 0.70.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly 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. 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 analyst estimates of $377.59 million. During the same quarter in the previous year, the firm posted $0.66 EPS. The firm's quarterly revenue 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. On average, analysts expect 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. Shareholders of record on Friday, September 26th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, September 26th. Equity Lifestyle Properties's payout ratio is 106.74%.

Wall Street Analyst Weigh In

ELS has been the subject of several research reports. Wells Fargo & Company decreased their target price on Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Compass Point upgraded Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price objective for the company in a research report on Tuesday, July 22nd. Wall Street Zen lowered Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Morgan Stanley started coverage on Equity Lifestyle Properties in a research report on Tuesday, July 15th. They set a "positive" rating and a $67.50 price objective for the company. 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 investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $71.50.

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.