GAMMA Investing LLC Grows Stock Holdings in Equity Lifestyle Properties, Inc. $ELS

GAMMA Investing LLC boosted its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 10.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,069 shares of the real estate investment trust’s stock after purchasing an additional 201 shares during the quarter. GAMMA Investing LLC’s holdings in Equity Lifestyle Properties were worth $128,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Equity Lifestyle Properties by 0.4% during the first quarter. Vanguard Group Inc. now owns 25,151,151 shares of the real estate investment trust’s stock valued at $1,677,582,000 after purchasing an additional 97,306 shares in the last quarter. Principal Financial Group Inc. raised its stake in Equity Lifestyle Properties by 4.6% during the first quarter. Principal Financial Group Inc. now owns 6,349,010 shares of the real estate investment trust’s stock valued at $423,479,000 after purchasing an additional 278,193 shares in the last quarter. Victory Capital Management Inc. raised its stake in Equity Lifestyle Properties by 15.1% during the first quarter. Victory Capital Management Inc. now owns 5,330,066 shares of the real estate investment trust’s stock valued at $355,515,000 after purchasing an additional 699,877 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Equity Lifestyle Properties by 12.7% during the first quarter. JPMorgan Chase & Co. now owns 4,209,452 shares of the real estate investment trust’s stock valued at $280,771,000 after purchasing an additional 474,495 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Equity Lifestyle Properties by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,722,268 shares of the real estate investment trust’s stock valued at $181,574,000 after purchasing an additional 26,775 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ELS. Morgan Stanley reduced their target price on shares of Equity Lifestyle Properties from $67.50 to $62.50 and set an “equal weight” rating on the stock in a research note on Thursday, September 4th. Compass Point raised shares of Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Tuesday, July 22nd. Royal Bank Of Canada reduced their target price on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 23rd. Barclays raised shares of Equity Lifestyle Properties from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $70.00 to $67.00 in a research note on Tuesday, July 29th. Finally, Wall Street Zen downgraded shares of Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.05.

Equity Lifestyle Properties Stock Up 2.1%

Shares of Equity Lifestyle Properties stock opened at $60.73 on Wednesday. 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, Inc. has a 1 year low of $58.15 and a 1 year high of $73.67. The firm’s 50-day moving average is $60.38 and its two-hundred day moving average is $62.65. The stock 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.

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 (EPS) for the quarter, hitting the consensus estimate of $0.69. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. The company had revenue of $313.29 million for the quarter, compared to analysts’ expectations of $377.59 million. During the same period in the prior year, the business earned $0.66 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q3 2025 guidance at 0.720-0.780 EPS. As a group, research analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders 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 yield of 3.4%. The ex-dividend date is Friday, September 26th. Equity Lifestyle Properties’s dividend payout ratio is presently 106.74%.

Equity Lifestyle Properties Company Profile

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.