Toroso Investments LLC Has $2.79 Million Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Toroso Investments LLC increased its holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 52.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,551 shares of the real estate investment trust’s stock after purchasing an additional 14,382 shares during the quarter. Toroso Investments LLC’s holdings in Equity LifeStyle Properties were worth $2,789,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raleigh Capital Management Inc. bought a new stake in shares of Equity LifeStyle Properties in the 1st quarter valued at about $28,000. Eagle Bay Advisors LLC bought a new stake in Equity LifeStyle Properties in the second quarter valued at approximately $30,000. Exchange Traded Concepts LLC increased its position in Equity LifeStyle Properties by 314.8% during the 1st quarter. Exchange Traded Concepts LLC now owns 506 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 384 shares during the period. Ronald Blue Trust Inc. raised its holdings in Equity LifeStyle Properties by 33.3% during the 1st quarter. Ronald Blue Trust Inc. now owns 804 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 201 shares during the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Equity LifeStyle Properties in the 1st quarter worth approximately $59,000. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Equity LifeStyle Properties Trading Up 2.2 %

NYSE:ELS opened at $67.05 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.03 and a quick ratio of 0.03. Equity LifeStyle Properties, Inc. has a one year low of $56.91 and a one year high of $74.40. The company has a market cap of $12.49 billion, a PE ratio of 43.82, a PEG ratio of 4.76 and a beta of 0.69. The firm has a 50-day moving average of $67.94 and a 200-day moving average of $66.91.

Equity LifeStyle Properties (NYSE:ELS) last issued its quarterly earnings data on Tuesday, July 18th. The real estate investment trust reported $0.34 EPS 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 the consensus estimate 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 for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 earnings per share. As a group, equities research analysts expect that Equity LifeStyle Properties, Inc. will post 2.85 EPS for the current fiscal year.

Equity LifeStyle Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.447 per share. This represents a $1.79 annualized dividend and a yield of 2.67%. The ex-dividend date is Thursday, September 28th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 116.99%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ELS. Truist Financial increased their price objective on shares of Equity LifeStyle Properties from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, July 25th. Robert W. Baird cut their price target on Equity LifeStyle Properties from $79.00 to $76.00 in a report on Wednesday, July 19th. StockNews.com lowered shares of Equity LifeStyle Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. Royal Bank of Canada cut their target price on shares of Equity LifeStyle Properties from $70.00 to $69.00 in a research note on Wednesday, July 19th. Finally, Barclays decreased their price target on shares of Equity LifeStyle Properties from $79.00 to $78.00 in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Equity LifeStyle Properties has an average rating of “Hold” and a consensus price target of $73.50.

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.