Sei Investments Co. decreased its position in Equity Lifestyle Properties, Inc. (NYSE:ELS – Free Report) by 1.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 957,634 shares of the real estate investment trust’s stock after selling 14,498 shares during the quarter. Sei Investments Co. owned approximately 0.49% of Equity Lifestyle Properties worth $59,776,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Empowered Funds LLC raised its holdings in Equity Lifestyle Properties by 14.1% in the 1st quarter. Empowered Funds LLC now owns 6,516 shares of the real estate investment trust’s stock worth $435,000 after acquiring an additional 804 shares during the period. Jane Street Group LLC grew its position in shares of Equity Lifestyle Properties by 598.5% in the first quarter. Jane Street Group LLC now owns 119,397 shares of the real estate investment trust’s stock valued at $7,964,000 after purchasing an additional 102,303 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of Equity Lifestyle Properties by 62.3% in the first quarter. Intech Investment Management LLC now owns 23,114 shares of the real estate investment trust’s stock worth $1,542,000 after purchasing an additional 8,873 shares during the period. Cetera Investment Advisers lifted its position in shares of Equity Lifestyle Properties by 111.0% during the 2nd quarter. Cetera Investment Advisers now owns 10,122 shares of the real estate investment trust’s stock worth $624,000 after purchasing an additional 5,325 shares during the last quarter. Finally, Gamco Investors INC. ET AL bought a new stake in Equity Lifestyle Properties during the 2nd quarter valued at approximately $300,000. 97.21% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Odeon Capital Group set a $65.00 price target on Equity Lifestyle Properties in a report on Thursday, July 9th. Robert W. Baird raised their price objective on shares of Equity Lifestyle Properties from $73.00 to $74.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Truist Financial set a $67.00 target price on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a research report on Tuesday, May 5th. Jefferies Financial Group upgraded shares of Equity Lifestyle Properties to a “strong-buy” rating in a research note on Wednesday. Finally, Barclays reissued an “equal weight” rating and issued a $68.00 price target on shares of Equity Lifestyle Properties in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $68.70.
Equity Lifestyle Properties Stock Up 0.2%
Shares of ELS stock opened at $66.16 on Friday. Equity Lifestyle Properties, Inc. has a one year low of $58.15 and a one year high of $69.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.02 and a quick ratio of 0.04. The stock has a fifty day moving average price of $63.69 and a 200 day moving average price of $64.18. The stock has a market cap of $12.83 billion, a P/E ratio of 31.81, a price-to-earnings-growth ratio of 4.02 and a beta of 0.66.
Equity Lifestyle Properties (NYSE:ELS – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.22). Equity Lifestyle Properties had a net margin of 25.92% and a return on equity of 22.31%. The business had revenue of $397.81 million during the quarter, compared to the consensus estimate of $383.66 million. During the same period last year, the firm earned $0.69 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Equity Lifestyle Properties has set its FY 2026 guidance at 3.130-3.230 EPS and its Q3 2026 guidance at 0.760-0.820 EPS. Analysts predict that Equity Lifestyle Properties, Inc. will post 3.18 earnings per share for the current year.
Equity Lifestyle Properties Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were given a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Friday, June 26th. Equity Lifestyle Properties’s payout ratio is 104.33%.
Equity Lifestyle Properties Company Profile
Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.
In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.
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