Wealth Enhancement Advisory Services LLC Purchases 6,489 Shares of Equity Lifestyle Properties, Inc. $ELS

Wealth Enhancement Advisory Services LLC grew its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 49.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,583 shares of the real estate investment trust’s stock after purchasing an additional 6,489 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Equity Lifestyle Properties were worth $1,216,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ELS. Brooklyn Investment Group lifted its holdings in shares of Equity Lifestyle Properties by 673.7% in the first quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 384 shares in the last quarter. National Pension Service raised its holdings in Equity Lifestyle Properties by 75.0% during the first quarter. National Pension Service now owns 644 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 276 shares in the last quarter. SVB Wealth LLC bought a new stake in Equity Lifestyle Properties during the first quarter worth about $61,000. Caitong International Asset Management Co. Ltd raised its holdings in Equity Lifestyle Properties by 31.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,426 shares of the real estate investment trust’s stock worth $95,000 after acquiring an additional 345 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Equity Lifestyle Properties by 78.7% during the first quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust’s stock worth $96,000 after acquiring an additional 635 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors.

Equity Lifestyle Properties Price Performance

Equity Lifestyle Properties stock opened at $60.73 on Wednesday. Equity Lifestyle Properties, Inc. has a 12 month low of $58.15 and a 12 month high of $73.67. The stock’s 50 day moving average is $60.38 and its 200-day moving average is $62.65. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.24. The company has a market capitalization 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 posted its earnings results on Monday, July 21st. The real estate investment trust reported $0.69 EPS for the quarter, meeting the consensus estimate of $0.69. The company had revenue of $313.29 million for the quarter, compared to the consensus estimate of $377.59 million. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%.The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 earnings per share. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q3 2025 guidance at 0.720-0.780 EPS. Equities research analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be paid a $0.515 dividend. 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 106.74%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ELS. 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 report on Thursday, July 24th. Wall Street Zen lowered Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Barclays upgraded Equity Lifestyle Properties from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $70.00 to $67.00 in a report on Tuesday, July 29th. Truist Financial set a $68.00 target price on Equity Lifestyle Properties and gave the stock a “buy” rating in a report on Wednesday, July 30th. Finally, Compass Point upgraded Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $71.05.

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.