Virtu Financial LLC Makes New $291,000 Investment in Equity Lifestyle Properties, Inc. $ELS

Key Points

• Virtu Financial LLC invested approximately $291,000 in Equity Lifestyle Properties, Inc. during the first quarter, acquiring 4,366 shares.
• Analysts have mixed projections for Equity Lifestyle Properties, with an average price target of $71.50 and ratings ranging from sell to strong buy.
• The company declared a quarterly dividend of $0.515 per share, translating to an annual yield of 3.4%, with a payout ratio currently at 106.74%.

Virtu Financial LLC acquired a new position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,366 shares of the real estate investment trust's stock, valued at approximately $291,000.

Other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN lifted its position in shares of Equity Lifestyle Properties by 31.1% during the 4th quarter. Wells Fargo & Company MN now owns 84,332 shares of the real estate investment trust's stock valued at $5,617,000 after acquiring an additional 20,011 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Equity Lifestyle Properties in the fourth quarter valued at $6,762,000. Bessemer Group Inc. increased its stake in shares of Equity Lifestyle Properties by 121.4% in the fourth quarter. Bessemer Group Inc. now owns 383 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 210 shares during the last quarter. Barclays PLC increased its stake in shares of Equity Lifestyle Properties by 156.9% in the fourth quarter. Barclays PLC now owns 522,262 shares of the real estate investment trust's stock worth $34,782,000 after acquiring an additional 318,938 shares during the last quarter. Finally, Mariner LLC increased its position in Equity Lifestyle Properties by 15.0% during the fourth quarter. Mariner LLC now owns 12,485 shares of the real estate investment trust's stock worth $831,000 after buying an additional 1,632 shares during the last quarter. 97.21% of the stock is owned by institutional investors.

Equity Lifestyle Properties Price Performance

Equity Lifestyle Properties stock traded up $1.1440 during mid-day trading on Tuesday, reaching $60.6640. The company had a trading volume of 1,702,022 shares, compared to its average volume of 1,535,236. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $76.60. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.24. The company has a market cap of $11.76 billion, a P/E ratio of 31.43, a P/E/G ratio of 3.24 and a beta of 0.70. The business has a fifty day simple moving average of $61.48 and a 200 day simple moving average of $64.02.

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 EPS for the quarter, hitting analysts' consensus estimates of $0.69. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. The company had revenue of $313.29 million for the quarter, compared to analyst estimates of $377.59 million. During the same quarter in the previous year, the business earned $0.66 earnings per share. Equity Lifestyle Properties'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 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be given a dividend of $0.515 per share. 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 payout ratio is presently 106.74%.

Analyst Upgrades and Downgrades

Several research firms have commented on ELS. Compass Point raised shares of Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 target price on the stock in a research report on Tuesday, July 22nd. Wells Fargo & Company reduced their target price 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. Morgan Stanley started coverage on shares of Equity Lifestyle Properties in a research note on Tuesday, July 15th. They set a "positive" rating and a $67.50 price target for the company. Royal Bank Of Canada dropped 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 dropped 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 equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.