Equity Lifestyle Properties, Inc. $ELS Shares Sold by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC cut its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 4.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,946 shares of the real estate investment trust’s stock after selling 974 shares during the period. Soltis Investment Advisors LLC’s holdings in Equity Lifestyle Properties were worth $1,353,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Achmea Investment Management B.V. purchased a new stake in shares of Equity Lifestyle Properties during the second quarter worth $1,039,000. Andra AP fonden boosted its stake in shares of Equity Lifestyle Properties by 34.9% in the 2nd quarter. Andra AP fonden now owns 352,400 shares of the real estate investment trust’s stock valued at $21,733,000 after buying an additional 91,100 shares during the period. Machina Capital S.A.S. purchased a new position in shares of Equity Lifestyle Properties in the 2nd quarter valued at about $749,000. Bank of Montreal Can increased its stake in shares of Equity Lifestyle Properties by 2.4% during the second quarter. Bank of Montreal Can now owns 711,911 shares of the real estate investment trust’s stock worth $43,904,000 after buying an additional 16,866 shares during the period. Finally, State of Michigan Retirement System raised its holdings in Equity Lifestyle Properties by 0.7% in the second quarter. State of Michigan Retirement System now owns 46,000 shares of the real estate investment trust’s stock valued at $2,837,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ELS. Evercore ISI reduced their price objective on shares of Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating on the stock in a report on Thursday, October 23rd. Jefferies Financial Group upgraded Equity Lifestyle Properties to a “strong-buy” rating in a research note on Monday, October 20th. Wells Fargo & Company lowered their price objective on Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Compass Point raised 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. Finally, Wall Street Zen upgraded Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $70.14.

Equity Lifestyle Properties Trading Up 0.2%

NYSE:ELS opened at $60.82 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.04 and a current ratio of 0.05. The stock has a fifty day moving average price of $61.19 and a two-hundred day moving average price of $61.87. Equity Lifestyle Properties, Inc. has a 1 year low of $58.15 and a 1 year high of $73.67. The stock has a market capitalization of $11.79 billion, a price-to-earnings ratio of 30.56, a PEG ratio of 3.32 and a beta of 0.71.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.75. The company had revenue of $393.31 million during the quarter, compared to the consensus estimate of $389.39 million. Equity Lifestyle Properties had a net margin of 24.97% and a return on equity of 20.99%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $0.72 EPS. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q4 2025 guidance at 0.750-0.810 EPS. As a group, sell-side analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 26th will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, December 26th. This represents a $2.06 annualized dividend and a yield of 3.4%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 103.52%.

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.