TD Asset Management Inc Acquires 29,147 Shares of Equity Lifestyle Properties, Inc. $ELS

TD Asset Management Inc grew its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 8.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 391,843 shares of the real estate investment trust’s stock after purchasing an additional 29,147 shares during the period. TD Asset Management Inc owned about 0.20% of Equity Lifestyle Properties worth $24,165,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ELS. Principal Financial Group Inc. boosted its stake in shares of Equity Lifestyle Properties by 4.6% in the first quarter. Principal Financial Group Inc. now owns 6,349,010 shares of the real estate investment trust’s stock valued at $423,479,000 after buying an additional 278,193 shares during the period. QRG Capital Management Inc. lifted its position in shares of Equity Lifestyle Properties by 11.1% during the 1st quarter. QRG Capital Management Inc. now owns 11,602 shares of the real estate investment trust’s stock valued at $774,000 after acquiring an additional 1,162 shares during the period. Farther Finance Advisors LLC lifted 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 valued at $96,000 after acquiring an additional 635 shares during the period. Dupont Capital Management Corp grew its holdings in shares of Equity Lifestyle Properties by 33.8% during the 1st quarter. Dupont Capital Management Corp now owns 145,004 shares of the real estate investment trust’s stock worth $9,672,000 after purchasing an additional 36,655 shares in the last quarter. Finally, KBC Group NV increased its position in shares of Equity Lifestyle Properties by 3.2% in the first quarter. KBC Group NV now owns 145,262 shares of the real estate investment trust’s stock worth $9,689,000 after purchasing an additional 4,450 shares during the period. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ELS shares. Barclays raised shares of Equity Lifestyle Properties from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $70.00 to $67.00 in a research report on Tuesday, July 29th. Morgan Stanley cut their price target on shares of Equity Lifestyle Properties from $67.50 to $62.50 and set an “equal weight” rating for the company in a report on Thursday, September 4th. Wells Fargo & Company decreased their price objective on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. Compass Point upgraded 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, Truist Financial set a $68.00 price target on Equity Lifestyle Properties and gave the company a “buy” rating in a research note on Wednesday, July 30th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $71.05.

Equity Lifestyle Properties Price Performance

ELS stock opened at $62.37 on Friday. The stock has a market cap of $12.09 billion, a price-to-earnings ratio of 32.32, a P/E/G ratio of 3.36 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. The company has a 50 day simple moving average of $60.86 and a 200 day simple moving average of $62.21. Equity Lifestyle Properties, Inc. has a 1 year low of $58.15 and a 1 year high of $73.67.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.69 EPS for the quarter, meeting the consensus estimate of $0.69. The business had revenue of $313.29 million during the quarter, compared to the consensus estimate of $377.59 million. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. The firm’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.66 EPS. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q3 2025 guidance at 0.720-0.780 EPS. Research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, September 26th. Equity Lifestyle Properties’s dividend 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.