Equity Lifestyle Properties, Inc. $ELS Shares Bought by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI boosted its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 114.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 7,754 shares of the real estate investment trust’s stock after acquiring an additional 4,142 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Equity Lifestyle Properties were worth $479,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in shares of Equity Lifestyle Properties by 78.7% in the first quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust’s stock valued at $96,000 after buying an additional 635 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of Equity Lifestyle Properties by 15.8% in the first quarter. Handelsbanken Fonder AB now owns 49,918 shares of the real estate investment trust’s stock valued at $3,330,000 after buying an additional 6,800 shares during the last quarter. Bar Harbor Wealth Management raised its position in shares of Equity Lifestyle Properties by 0.5% in the first quarter. Bar Harbor Wealth Management now owns 65,235 shares of the real estate investment trust’s stock valued at $4,351,000 after buying an additional 350 shares during the last quarter. Azzad Asset Management Inc. ADV raised its position in shares of Equity Lifestyle Properties by 3.2% in the first quarter. Azzad Asset Management Inc. ADV now owns 15,385 shares of the real estate investment trust’s stock valued at $1,026,000 after buying an additional 478 shares during the last quarter. Finally, Ritholtz Wealth Management raised its position in shares of Equity Lifestyle Properties by 23.6% in the first quarter. Ritholtz Wealth Management now owns 8,989 shares of the real estate investment trust’s stock valued at $600,000 after buying an additional 1,716 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ELS shares. 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. Morgan Stanley reduced 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 report on Thursday, September 4th. Wall Street Zen cut shares of Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Royal Bank Of Canada dropped 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 report on Wednesday, July 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Equity Lifestyle Properties in a report on Wednesday. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Equity Lifestyle Properties presently has an average rating of “Moderate Buy” and an average target price of $71.05.

Equity Lifestyle Properties Price Performance

Shares of ELS opened at $63.30 on Friday. 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 cap of $12.27 billion, a PE ratio of 32.80, a P/E/G ratio of 3.39 and a beta of 0.71. The firm has a 50-day simple moving average of $60.75 and a two-hundred day simple moving average of $62.35. 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 announced its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share for the quarter, meeting 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 analysts’ expectations of $377.59 million. During the same period last year, the business earned $0.66 earnings per share. The business’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. As a group, analysts forecast that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were given a dividend of $0.515 per share. The ex-dividend date was Friday, September 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.3%. Equity Lifestyle Properties’s dividend payout ratio (DPR) 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.