Equity Lifestyle Properties, Inc. $ELS Shares Acquired by Vanderbilt University

Vanderbilt University raised its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 214.2% in the second quarter, HoldingsChannel reports. The firm owned 41,619 shares of the real estate investment trust’s stock after acquiring an additional 28,371 shares during the period. Vanderbilt University’s holdings in Equity Lifestyle Properties were worth $2,567,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ELS. Nuveen LLC acquired a new position in Equity Lifestyle Properties during the 1st quarter valued at about $142,937,000. Victory Capital Management Inc. raised its holdings in shares of 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 worth $355,515,000 after purchasing an additional 699,877 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of Equity Lifestyle Properties by 101.4% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,251,554 shares of the real estate investment trust’s stock worth $83,479,000 after purchasing an additional 630,065 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Equity Lifestyle Properties by 12.7% in the first quarter. JPMorgan Chase & Co. now owns 4,209,452 shares of the real estate investment trust’s stock worth $280,771,000 after acquiring an additional 474,495 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Equity Lifestyle Properties by 535.2% in the 1st quarter. American Century Companies Inc. now owns 369,167 shares of the real estate investment trust’s stock valued at $24,623,000 after buying an additional 311,053 shares during the period. 97.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on ELS. Barclays raised shares of Equity Lifestyle Properties from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $70.00 to $67.00 in a research report on Tuesday, July 29th. Morgan Stanley cut 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 research note on Thursday, September 4th. Wells Fargo & Company cut 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. Truist Financial set a $68.00 price objective on shares of Equity Lifestyle Properties and gave the company a “buy” rating in a research note on Wednesday, July 30th. Finally, Compass Point upgraded shares of Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $71.05.

Equity Lifestyle Properties Stock Up 0.3%

Equity Lifestyle Properties stock opened at $61.14 on Friday. The company’s 50 day simple moving average is $60.40 and its 200 day simple moving average is $62.59. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $73.67. The firm has a market capitalization of $11.85 billion, a price-to-earnings ratio of 31.68, a PEG ratio of 3.29 and a beta of 0.71. 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) last released its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share for the quarter, hitting 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 for the quarter, compared to analyst estimates of $377.59 million. During the same quarter last year, the firm earned $0.66 EPS. Equity Lifestyle Properties’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. As a group, sell-side analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be issued 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 presently 106.74%.

Equity Lifestyle Properties Company 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.