Equity Lifestyle Properties, Inc. $ELS Stock: ProShare Advisors LLC Raises Stake

ProShare Advisors LLC raised its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 2.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 420,664 shares of the real estate investment trust’s stock after purchasing an additional 9,189 shares during the period. ProShare Advisors LLC’s holdings in Equity Lifestyle Properties were worth $24,537,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in Equity Lifestyle Properties in the 2nd quarter worth about $1,576,449,000. Principal Financial Group Inc. increased its stake in shares of Equity Lifestyle Properties by 1.0% in the first quarter. Principal Financial Group Inc. now owns 6,435,365 shares of the real estate investment trust’s stock valued at $401,698,000 after purchasing an additional 66,772 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Equity Lifestyle Properties by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,806,080 shares of the real estate investment trust’s stock valued at $175,156,000 after buying an additional 19,256 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Equity Lifestyle Properties by 24.4% during the first quarter. Bank of America Corp DE now owns 1,980,918 shares of the real estate investment trust’s stock valued at $123,649,000 after buying an additional 388,806 shares during the last quarter. Finally, Resolution Capital Ltd raised its holdings in shares of Equity Lifestyle Properties by 3.3% during the first quarter. Resolution Capital Ltd now owns 1,885,292 shares of the real estate investment trust’s stock valued at $117,680,000 after buying an additional 59,809 shares during the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ELS shares. Jefferies Financial Group upgraded Equity Lifestyle Properties to a “strong-buy” rating in a research report on Monday, October 12th. Morgan Stanley restated a “mixed” rating and issued a $59.00 target price (down from $62.50) on shares of Equity Lifestyle Properties in a research report on Wednesday, August 12th. Odeon Capital Group set a $65.00 target price on Equity Lifestyle Properties in a research note on Thursday, July 9th. Royal Bank Of Canada cut their target price on Equity Lifestyle Properties from $71.00 to $68.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 13th. Finally, Truist Financial set a $64.00 price target on Equity Lifestyle Properties and gave the stock a “hold” rating in a research report on Friday, September 11th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $67.09.

Equity Lifestyle Properties Stock Performance

Shares of ELS opened at $60.45 on Tuesday. The firm has a 50-day moving average price of $60.63 and a 200 day moving average price of $63.52. The firm has a market capitalization of $11.78 billion, a PE ratio of 18.34, a P/E/G ratio of 3.52 and a beta of 0.63. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.32. Equity Lifestyle Properties, Inc. has a 52-week low of $57.46 and a 52-week high of $69.00.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings results on Wednesday, October 21st. The real estate investment trust reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.34). Equity Lifestyle Properties had a return on equity of 21.73% and a net margin of 24.97%. The company had revenue of $409.90 million for the quarter, compared to the consensus estimate of $402.75 million. During the same quarter last year, the firm posted $0.75 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Equity Lifestyle Properties has set its Q4 2026 guidance at 0.780-0.840 EPS and its FY 2026 guidance at 3.150-3.210 EPS. On average, sell-side analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.19 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 8th. Investors of record on Thursday, December 24th will be paid a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Thursday, December 24th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 106.90%.

About Equity Lifestyle Properties

Equity LifeStyle Properties, Inc (NYSE:ELS) is a real estate investment trust that owns, operates and manages manufactured housing communities, recreational vehicle resorts and campgrounds, and marinas. Its properties are designed to provide residential and vacation accommodations, with offerings that range from long-term manufactured home sites to seasonal and transient RV sites and boat storage.

The company serves residents, vacationers and boat owners across the United States. Its portfolio is concentrated in locations with favorable climates, recreational appeal and access to coastal, lakefront or other leisure destinations.