Equity Lifestyle Properties, Inc. $ELS Stock Holdings Lessened by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 135,750 shares of the real estate investment trust’s stock after selling 318 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.07% of Equity Lifestyle Properties worth $8,369,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Brooklyn Investment Group increased its position in Equity Lifestyle Properties by 673.7% during the first quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 384 shares during the last quarter. National Pension Service raised its position in shares of Equity Lifestyle Properties by 75.0% during the first quarter. National Pension Service now owns 644 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 276 shares during the last quarter. SVB Wealth LLC bought a new position in Equity Lifestyle Properties in the first quarter worth $61,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Equity Lifestyle Properties by 31.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,426 shares of the real estate investment trust’s stock valued at $95,000 after purchasing an additional 345 shares during the period. Finally, Farther Finance Advisors LLC increased its position 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 purchasing an additional 635 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ELS. Wells Fargo & Company reduced their target price on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. Morgan Stanley cut their target price on Equity Lifestyle Properties from $67.50 to $62.50 and set an “equal weight” rating on the stock in a research note on Thursday, September 4th. Barclays raised shares of Equity Lifestyle Properties from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $70.00 to $67.00 in a research report on Tuesday, July 29th. Compass Point raised shares of Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Tuesday, July 22nd. Finally, Truist Financial set a $68.00 price objective on Equity Lifestyle Properties and gave the stock a “buy” rating in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.05.

Equity Lifestyle Properties Stock Performance

Equity Lifestyle Properties stock opened at $59.50 on Friday. The business has a 50 day moving average of $60.44 and a 200-day moving average of $62.74. The company has a market capitalization of $11.53 billion, a P/E ratio of 30.83, a P/E/G ratio of 3.21 and a beta of 0.73. Equity Lifestyle Properties, Inc. has a 1 year low of $58.15 and a 1 year high of $73.67. 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 issued 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 company had revenue of $313.29 million for the quarter, compared to analysts’ expectations of $377.59 million. During the same quarter in the previous year, the firm posted $0.66 earnings per share. Equity Lifestyle Properties’s revenue for the quarter 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, 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 business also recently disclosed 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. This represents a $2.06 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, September 26th. Equity Lifestyle Properties’s payout ratio is currently 106.74%.

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.