Equity Lifestyle Properties, Inc. $ELS Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 12.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,620 shares of the real estate investment trust’s stock after buying an additional 178 shares during the quarter. Farther Finance Advisors LLC’s holdings in Equity Lifestyle Properties were worth $100,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its position in shares of Equity Lifestyle Properties by 6.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,874 shares of the real estate investment trust’s stock valued at $924,000 after purchasing an additional 816 shares during the period. Wellington Management Group LLP grew its position in shares of Equity Lifestyle Properties by 5.9% in the fourth quarter. Wellington Management Group LLP now owns 12,054 shares of the real estate investment trust’s stock valued at $803,000 after purchasing an additional 673 shares during the period. GAMMA Investing LLC grew its position in shares of Equity Lifestyle Properties by 6,967.3% in the first quarter. GAMMA Investing LLC now owns 124,596 shares of the real estate investment trust’s stock valued at $8,311,000 after purchasing an additional 122,833 shares during the period. NBC Securities Inc. grew its position in shares of Equity Lifestyle Properties by 115,450.0% in the first quarter. NBC Securities Inc. now owns 4,622 shares of the real estate investment trust’s stock valued at $308,000 after purchasing an additional 4,618 shares during the period. Finally, UMB Bank n.a. grew its position in shares of Equity Lifestyle Properties by 137.5% in the first quarter. UMB Bank n.a. now owns 2,133 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 1,235 shares during the period. Institutional investors and hedge funds own 97.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of 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. Compass Point raised shares of Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Tuesday, July 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Lifestyle Properties in a research note on Saturday, September 27th. Royal Bank Of Canada decreased their price target 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. Finally, Barclays raised shares of Equity Lifestyle Properties from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $70.00 to $67.00 in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $71.05.

Equity Lifestyle Properties Price Performance

Shares of ELS stock opened at $61.93 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.04 and a quick ratio of 0.04. The firm’s 50-day moving average is $60.45 and its two-hundred day moving average is $62.50. Equity Lifestyle Properties, Inc. has a 12 month low of $58.15 and a 12 month high of $73.67. The company has a market capitalization of $12.00 billion, a PE ratio of 32.09, a price-to-earnings-growth ratio of 3.34 and a beta of 0.71.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.69. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. The business had revenue of $313.29 million during the quarter, compared to analysts’ expectations of $377.59 million. During the same period last year, the business earned $0.66 earnings per share. The business’s revenue for the quarter 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. Analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be given a dividend of $0.515 per share. The ex-dividend date is Friday, September 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.3%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 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.