528,078 Shares in Equity Lifestyle Properties, Inc. $ELS Purchased by Jupiter Topco LLC

Jupiter Topco LLC acquired a new position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 528,078 shares of the real estate investment trust’s stock, valued at approximately $34,051,000.

Several other hedge funds also recently modified their holdings of ELS. Wiser Advisor Group LLC bought a new stake in shares of Equity Lifestyle Properties during the third quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd grew its holdings in Equity Lifestyle Properties by 943.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 453 shares during the period. Clearstead Trust LLC raised its position in shares of Equity Lifestyle Properties by 74.8% during the 4th quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 231 shares during the last quarter. Fulcrum Asset Management LLP acquired a new position in shares of Equity Lifestyle Properties in the 3rd quarter valued at $34,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Equity Lifestyle Properties in the 2nd quarter worth $37,000. Institutional investors own 97.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ELS shares. Morgan Stanley reiterated a “mixed” rating and issued a $59.00 price objective (down from $62.50) on shares of Equity Lifestyle Properties in a report on Wednesday, August 12th. Truist Financial set a $67.00 price target on shares of Equity Lifestyle Properties and gave the company a “hold” rating in a research report on Tuesday, May 5th. Weiss Ratings raised shares of Equity Lifestyle Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 14th. Odeon Capital Group set a $65.00 target price on shares of Equity Lifestyle Properties in a research note on Thursday, July 9th. Finally, Wells Fargo & Company reduced their price target on shares of Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Equity Lifestyle Properties has an average rating of “Moderate Buy” and a consensus target price of $68.52.

Equity Lifestyle Properties Stock Performance

Shares of Equity Lifestyle Properties stock opened at $63.63 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.02 and a quick ratio of 0.02. The firm has a market cap of $12.35 billion, a price-to-earnings ratio of 30.59, a price-to-earnings-growth ratio of 3.72 and a beta of 0.64. The stock’s 50-day moving average is $64.86 and its 200-day moving average is $64.62. Equity Lifestyle Properties, Inc. has a one year low of $58.72 and a one year high of $69.00.

Equity Lifestyle Properties (NYSE:ELS) last announced its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.22). The firm had revenue of $397.81 million during the quarter, compared to analyst estimates of $383.66 million. Equity Lifestyle Properties had a net margin of 25.92% and a return on equity of 22.31%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.69 EPS. Equities analysts predict that Equity Lifestyle Properties, Inc. will post 3.2 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be issued a $0.5425 dividend. The ex-dividend date is Friday, September 25th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.4%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 104.33%.

About Equity Lifestyle Properties

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.