Equity Lifestyle Properties, Inc. $ELS Shares Purchased by Versor Investments LP

Key Points

• Versor Investments LP increased its stake in Equity Lifestyle Properties, Inc. by 52.9%, acquiring a total of 22,608 shares valued at approximately $1.5 million.
• Equity Lifestyle Properties announced a quarterly dividend of $0.515 per share, yielding 3.4%, with a payout ratio of 106.74%.
• Equity Lifestyle Properties reported $0.69 EPS for the quarter, meeting analyst expectations, despite a 0.8% decline in revenue year-over-year.

Versor Investments LP boosted its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 52.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,608 shares of the real estate investment trust's stock after buying an additional 7,820 shares during the quarter. Versor Investments LP's holdings in Equity Lifestyle Properties were worth $1,508,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Equity Lifestyle Properties by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 25,151,151 shares of the real estate investment trust's stock valued at $1,677,582,000 after buying an additional 97,306 shares in the last quarter. Principal Financial Group Inc. lifted its stake in 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 valued at $423,479,000 after buying an additional 278,193 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Equity Lifestyle Properties by 15.1% in the 1st quarter. Victory Capital Management Inc. now owns 5,330,066 shares of the real estate investment trust's stock valued at $355,515,000 after buying an additional 699,877 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Equity Lifestyle Properties by 12.7% in the 1st quarter. JPMorgan Chase & Co. now owns 4,209,452 shares of the real estate investment trust's stock valued at $280,771,000 after buying an additional 474,495 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Equity Lifestyle Properties by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,722,268 shares of the real estate investment trust's stock valued at $181,574,000 after buying an additional 26,775 shares in the last quarter. 97.21% of the stock is owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Trading Up 1.9%

Shares of Equity Lifestyle Properties stock traded up $1.1440 during mid-day trading on Tuesday, hitting $60.6640. The stock had a trading volume of 1,702,022 shares, compared to its average volume of 1,973,049. The firm has a 50-day moving average of $61.43 and a two-hundred day moving average of $64.00. Equity Lifestyle Properties, Inc. has a 12-month low of $58.15 and a 12-month high of $76.60. 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 firm has a market cap of $11.76 billion, a P/E ratio of 31.43, a price-to-earnings-growth ratio of 3.18 and a beta of 0.70.

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 earnings per share for the quarter, meeting the consensus estimate of $0.69. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. The business had revenue of $313.29 million during the quarter, compared to analysts' expectations of $377.59 million. During the same quarter in the prior year, the company posted $0.66 EPS. The business'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. Sell-side analysts forecast that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Announces Dividend

The company 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 $0.515 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.4%. Equity Lifestyle Properties's dividend payout ratio is 106.74%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ELS shares. Wall Street Zen lowered shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Compass Point upgraded shares of Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 price objective for the company in a report on Tuesday, July 22nd. Barclays upgraded shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and cut their price objective for the company from $70.00 to $67.00 in a report on Tuesday, July 29th. Royal Bank Of Canada cut their price objective on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating for the company in a report on Wednesday, July 23rd. Finally, BMO Capital Markets cut their price objective on shares of Equity Lifestyle Properties from $78.00 to $77.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $71.50.

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.