Equity Lifestyle Properties, Inc. $ELS Stake Cut by Fifth Third Bancorp

Fifth Third Bancorp reduced its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 8.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,468 shares of the real estate investment trust’s stock after selling 339 shares during the period. Fifth Third Bancorp’s holdings in Equity Lifestyle Properties were worth $214,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Brooklyn Investment Group increased its position in Equity Lifestyle Properties by 673.7% in the 1st quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 384 shares during the last quarter. National Pension Service increased its position in Equity Lifestyle Properties by 75.0% in the 1st quarter. National Pension Service now owns 644 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 276 shares during the last quarter. SVB Wealth LLC acquired a new position in Equity Lifestyle Properties in the 1st quarter worth about $61,000. Caitong International Asset Management Co. Ltd increased its position in Equity Lifestyle Properties by 31.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,426 shares of the real estate investment trust’s stock worth $95,000 after purchasing an additional 345 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in Equity Lifestyle Properties by 78.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust’s stock worth $96,000 after purchasing an additional 635 shares during the last quarter. 97.21% of the stock is owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Price Performance

Shares of NYSE:ELS opened at $60.73 on Wednesday. The business has a 50 day moving average price of $60.38 and a 200 day moving average price of $62.65. Equity Lifestyle Properties, Inc. has a twelve month low of $58.15 and a twelve month high of $73.67. The company has a market cap of $11.77 billion, a price-to-earnings ratio of 31.47, a PEG ratio of 3.21 and a beta of 0.73. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.24.

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

Equity Lifestyle Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be given a $0.515 dividend. The ex-dividend date is Friday, September 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.4%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 106.74%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Truist Financial set a $68.00 target price on Equity Lifestyle Properties and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Wall Street Zen lowered Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Compass Point raised Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Tuesday, July 22nd. Morgan Stanley dropped their target price on Equity Lifestyle Properties from $67.50 to $62.50 and set an “equal weight” rating on the stock in a research report on Thursday, September 4th. Finally, Wells Fargo & Company dropped their target price on Equity Lifestyle Properties from $82.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.05.

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.