Vanguard Personalized Indexing Management LLC Trims Stake in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Vanguard Personalized Indexing Management LLC lessened its holdings in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 59.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,358 shares of the real estate investment trust’s stock after selling 4,888 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Equity LifeStyle Properties were worth $225,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Equity LifeStyle Properties by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 24,685,594 shares of the real estate investment trust’s stock valued at $1,887,954,000 after acquiring an additional 184,219 shares during the period. State Street Corp grew its stake in Equity LifeStyle Properties by 13.0% in the 1st quarter. State Street Corp now owns 8,817,442 shares of the real estate investment trust’s stock worth $677,864,000 after acquiring an additional 1,016,542 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Equity LifeStyle Properties by 30.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,735,330 shares of the real estate investment trust’s stock worth $499,702,000 after acquiring an additional 1,798,649 shares during the period. Victory Capital Management Inc. raised its stake in shares of Equity LifeStyle Properties by 0.7% during the first quarter. Victory Capital Management Inc. now owns 5,452,661 shares of the real estate investment trust’s stock valued at $366,037,000 after acquiring an additional 35,711 shares in the last quarter. Finally, Norges Bank bought a new position in Equity LifeStyle Properties in the fourth quarter worth approximately $229,283,000. 98.55% of the stock is currently owned by hedge funds and other institutional investors.

Equity LifeStyle Properties Trading Down 0.6 %

Shares of ELS stock opened at $66.55 on Friday. Equity LifeStyle Properties, Inc. has a 1-year low of $56.91 and a 1-year high of $74.40. The company has a market cap of $12.40 billion, a price-to-earnings ratio of 43.50, a PEG ratio of 4.79 and a beta of 0.69. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.03 and a quick ratio of 0.03. The stock has a 50 day simple moving average of $68.06 and a 200-day simple moving average of $67.23.

Equity LifeStyle Properties (NYSE:ELS) last posted its quarterly earnings data on Tuesday, July 18th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.32). The company had revenue of $370.01 million for the quarter, compared to analyst estimates of $325.08 million. Equity LifeStyle Properties had a return on equity of 18.86% and a net margin of 19.53%. The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.64 earnings per share. On average, equities research analysts expect that Equity LifeStyle Properties, Inc. will post 2.85 EPS for the current fiscal year.

Equity LifeStyle Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.447 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.79 dividend on an annualized basis and a dividend yield of 2.69%. Equity LifeStyle Properties’s payout ratio is currently 116.99%.

Wall Street Analyst Weigh In

ELS has been the topic of several recent research reports. Barclays dropped their target price on shares of Equity LifeStyle Properties from $79.00 to $78.00 in a report on Thursday, July 6th. Truist Financial upped their price objective on Equity LifeStyle Properties from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, July 25th. Royal Bank of Canada lowered their price target on shares of Equity LifeStyle Properties from $70.00 to $69.00 in a report on Wednesday, July 19th. Robert W. Baird cut their price objective on shares of Equity LifeStyle Properties from $79.00 to $76.00 in a report on Wednesday, July 19th. Finally, StockNews.com began coverage on Equity LifeStyle Properties in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $74.21.

Equity LifeStyle Properties Company Profile

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of July 17, 2023, we own or have an interest in 450 properties in 35 states and British Columbia consisting of 171,706 sites.