Equity Lifestyle Properties, Inc. $ELS Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 3.5% during the second quarter, Holdings Channel reports. The institutional investor owned 583,400 shares of the real estate investment trust’s stock after buying an additional 19,719 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Equity Lifestyle Properties were worth $35,978,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ethic Inc. raised its position in Equity Lifestyle Properties by 94.9% during the second quarter. Ethic Inc. now owns 12,747 shares of the real estate investment trust’s stock valued at $783,000 after buying an additional 6,208 shares during the period. Whittier Trust Co. boosted its stake in shares of Equity Lifestyle Properties by 10.0% during the 2nd quarter. Whittier Trust Co. now owns 3,745 shares of the real estate investment trust’s stock worth $231,000 after acquiring an additional 340 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Equity Lifestyle Properties by 1.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 60,917 shares of the real estate investment trust’s stock worth $3,719,000 after acquiring an additional 964 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Equity Lifestyle Properties during the 2nd quarter valued at approximately $15,193,000. Finally, William Blair Investment Management LLC boosted its stake in Equity Lifestyle Properties by 0.6% during the 2nd quarter. William Blair Investment Management LLC now owns 635,161 shares of the real estate investment trust’s stock valued at $39,170,000 after purchasing an additional 3,561 shares during the period. Institutional investors own 97.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ELS. Morgan Stanley lowered their price objective on Equity Lifestyle Properties from $67.50 to $62.50 and set an “equal weight” rating on the stock in a research report on Thursday, September 4th. Jefferies Financial Group upgraded Equity Lifestyle Properties to a “strong-buy” rating in a research report on Monday, October 20th. Wells Fargo & Company reduced their price target 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. Truist Financial set a $68.00 price target on shares of Equity Lifestyle Properties and gave the company a “buy” rating in a research note on Wednesday, July 30th. Finally, Evercore ISI lowered their target price on Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating for the company in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.32.

Equity Lifestyle Properties Stock Performance

Shares of NYSE ELS opened at $60.79 on Wednesday. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $73.67. The stock has a market capitalization of $11.78 billion, a PE ratio of 30.55, a price-to-earnings-growth ratio of 3.34 and a beta of 0.71. The stock has a 50 day moving average price of $61.10 and a 200 day moving average price of $62.07. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.04 and a current ratio of 0.05.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings data 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 analysts’ expectations of $389.39 million. Equity Lifestyle Properties had a return on equity of 20.99% and a net margin of 24.97%.The business’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm posted $0.72 earnings per share. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q4 2025 guidance at 0.750-0.810 EPS. Analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

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.