Voya Investment Management LLC Increases Stake in Equity Lifestyle Properties, Inc. $ELS

Key Points

• Voya Investment Management LLC increased its stake in Equity Lifestyle Properties, Inc. by 30.8% in Q1, acquiring an additional 7,516 shares to bring its total holdings to 31,894 shares valued at approximately $2.13 million.
• The company reported a quarterly earnings per share (EPS) of $0.69, matching analyst expectations, but its revenue fell 0.8% year-over-year, totaling $313.29 million.
• Equity Lifestyle Properties announced a quarterly dividend of $0.515 per share, with a current yield of 3.4%, though its dividend payout ratio stands at an unusually high 106.74%.

Voya Investment Management LLC raised its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS - Free Report) by 30.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,894 shares of the real estate investment trust's stock after acquiring an additional 7,516 shares during the period. Voya Investment Management LLC's holdings in Equity Lifestyle Properties were worth $2,127,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of 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 buying an additional 278,193 shares during the last quarter. QRG Capital Management Inc. increased its holdings in Equity Lifestyle Properties by 11.1% during the 1st 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 period. Farther Finance Advisors LLC boosted its position 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 valued at $96,000 after acquiring an additional 635 shares in the last quarter. Dupont Capital Management Corp raised its stake in shares of Equity Lifestyle Properties by 33.8% during the 1st quarter. Dupont Capital Management Corp now owns 145,004 shares of the real estate investment trust's stock valued at $9,672,000 after buying an additional 36,655 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Equity Lifestyle Properties by 3.2% during the first quarter. KBC Group NV now owns 145,262 shares of the real estate investment trust's stock valued at $9,689,000 after acquiring an additional 4,450 shares during the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Equity Lifestyle Properties Trading Down 0.3%

Shares of ELS traded down $0.17 during trading hours on Monday, hitting $60.39. 1,182,753 shares of the stock were exchanged, compared to its average volume of 1,684,928. The firm has a market capitalization of $11.70 billion, a P/E ratio of 20.19, a price-to-earnings-growth ratio of 3.27 and a beta of 0.73. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $73.87. The business has a 50-day moving average of $60.58 and a 200-day moving average of $62.92. 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 posted its quarterly earnings data 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 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 the consensus estimate of $377.59 million. During the same quarter last year, the company posted $0.66 earnings per share. The firm's quarterly 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, research analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders 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 yield of 3.4%. Equity Lifestyle Properties's dividend payout ratio is currently 106.74%.

Analysts Set New Price Targets

A number of analysts have weighed in on ELS shares. Truist Financial set a $68.00 price target on Equity Lifestyle Properties and gave the company a "buy" rating in a research note on Wednesday, July 30th. Morgan Stanley decreased their price objective on shares of Equity Lifestyle Properties from $67.50 to $62.50 and set an "equal weight" rating for the company in a research report on Thursday, September 4th. 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 on the stock in a research report on Tuesday, July 22nd. Finally, Royal Bank Of Canada reduced 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 research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Equity Lifestyle Properties presently has a consensus rating of "Moderate Buy" and an average target price of $71.05.

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.