Exchange Traded Concepts LLC Purchases 9,523 Shares of Equity Lifestyle Properties, Inc. $ELS

Exchange Traded Concepts LLC lifted its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 68.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,527 shares of the real estate investment trust’s stock after purchasing an additional 9,523 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Equity Lifestyle Properties were worth $1,451,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Marshall Financial Group LLC acquired a new stake in shares of Equity Lifestyle Properties in the 2nd quarter worth $863,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Equity Lifestyle Properties by 49.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 19,583 shares of the real estate investment trust’s stock worth $1,216,000 after purchasing an additional 6,489 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Equity Lifestyle Properties by 14.1% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 61,102 shares of the real estate investment trust’s stock worth $3,768,000 after purchasing an additional 7,539 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of Equity Lifestyle Properties in the 2nd quarter worth $163,000. Finally, Gallacher Capital Management LLC acquired a new stake in shares of Equity Lifestyle Properties in the 2nd quarter worth $216,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wells Fargo & Company reduced their target price on Equity Lifestyle Properties from $82.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. Barclays upgraded Equity Lifestyle Properties from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $70.00 to $67.00 in a research note on Tuesday, July 29th. Wall Street Zen lowered Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. Compass Point upgraded Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Tuesday, July 22nd. Finally, Truist Financial set a $68.00 price objective on Equity Lifestyle Properties and gave the company a “buy” rating in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $71.05.

Equity Lifestyle Properties Trading Down 0.3%

Shares of Equity Lifestyle Properties stock opened at $60.39 on Tuesday. The stock has a market cap of $11.70 billion, a P/E ratio of 31.29, a P/E/G ratio of 3.27 and a beta of 0.73. The stock’s 50 day simple moving average is $60.58 and its 200-day simple moving average is $62.92. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $73.87. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.04 and a quick ratio of 0.04.

Equity Lifestyle Properties (NYSE:ELS) last issued its earnings results on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share for the quarter, hitting the consensus estimate of $0.69. The business had revenue of $313.29 million for the quarter, compared to analysts’ expectations of $377.59 million. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%.The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 EPS. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q3 2025 guidance at 0.720-0.780 EPS. Analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, September 26th. Equity Lifestyle Properties’s payout ratio is currently 106.74%.

About Equity Lifestyle Properties

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.