OMERS ADMINISTRATION Corp Sells 1,055 Shares of Equity Lifestyle Properties, Inc. $ELS

OMERS ADMINISTRATION Corp trimmed its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 14.2% in the first quarter, Holdings Channel.com reports. The firm owned 6,378 shares of the real estate investment trust’s stock after selling 1,055 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Equity Lifestyle Properties were worth $425,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group grew its stake in shares of Equity Lifestyle Properties by 673.7% during the 1st quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 384 shares in the last quarter. National Pension Service grew its stake in shares of Equity Lifestyle Properties by 75.0% during the 1st quarter. National Pension Service now owns 644 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 276 shares in the last quarter. SVB Wealth LLC bought a new position in shares of Equity Lifestyle Properties during the 1st quarter worth approximately $61,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Equity Lifestyle Properties by 31.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,426 shares of the real estate investment trust’s stock worth $95,000 after acquiring an additional 345 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of 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 worth $96,000 after acquiring an additional 635 shares in the last quarter. 97.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company decreased their price target 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 target on shares of Equity Lifestyle Properties and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Wall Street Zen cut shares of Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. Compass Point raised 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 note on Tuesday, July 22nd. Finally, Royal Bank Of Canada decreased their target price 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 analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Equity Lifestyle Properties has an average rating of “Moderate Buy” and a consensus target price of $71.50.

Equity Lifestyle Properties Price Performance

NYSE:ELS opened at $60.17 on Thursday. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year 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 firm has a fifty day simple moving average of $60.81 and a 200 day simple moving average of $63.55. The stock has a market capitalization of $11.66 billion, a PE ratio of 31.18, a P/E/G ratio of 3.25 and a beta of 0.73.

Equity Lifestyle Properties (NYSE:ELS) last released its 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 period last year, the business earned $0.66 earnings per share. The firm’s revenue 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. On average, research analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be issued 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 yield of 3.4%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 106.74%.

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.