Equity Lifestyle Properties, Inc. $ELS Shares Purchased by Truist Financial Corp

Truist Financial Corp increased its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 8.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,783 shares of the real estate investment trust’s stock after acquiring an additional 1,943 shares during the period. Truist Financial Corp’s holdings in Equity Lifestyle Properties were worth $1,528,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ELS. Nuveen LLC acquired a new position in Equity Lifestyle Properties during the first quarter worth $142,937,000. Victory Capital Management Inc. grew its holdings 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 worth $355,515,000 after acquiring an additional 699,877 shares during the period. Cbre Investment Management Listed Real Assets LLC grew its holdings in Equity Lifestyle Properties by 101.4% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,251,554 shares of the real estate investment trust’s stock worth $83,479,000 after acquiring an additional 630,065 shares during the period. JPMorgan Chase & Co. grew its holdings 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 worth $280,771,000 after acquiring an additional 474,495 shares during the period. Finally, American Century Companies Inc. boosted its position in Equity Lifestyle Properties by 535.2% during the first quarter. American Century Companies Inc. now owns 369,167 shares of the real estate investment trust’s stock worth $24,623,000 after purchasing an additional 311,053 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Analysts Set New Price Targets

ELS has been the topic of a number of research analyst reports. Wells Fargo & Company decreased 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. Royal Bank Of Canada decreased their target price on Equity Lifestyle Properties from $67.00 to $66.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 23rd. 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Lifestyle Properties in a research report on Wednesday. Finally, Wall Street Zen downgraded Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.05.

Equity Lifestyle Properties Stock Up 0.8%

Shares of NYSE:ELS opened at $63.30 on Friday. 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, Inc. has a 52-week low of $58.15 and a 52-week high of $73.67. The stock’s fifty day simple moving average is $60.75 and its 200-day simple moving average is $62.32. The company has a market capitalization of $12.27 billion, a P/E ratio of 32.80, a P/E/G ratio of 3.42 and a beta of 0.71.

Equity Lifestyle Properties (NYSE:ELS) last released 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. 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 for the quarter, compared to the consensus estimate of $377.59 million. During the same period in the prior year, the business posted $0.66 earnings per share. 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. As a group, equities research analysts forecast that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a dividend of $0.515 per share. The ex-dividend date was Friday, September 26th. This represents a $2.06 annualized dividend and a yield of 3.3%. Equity Lifestyle Properties’s dividend payout ratio is 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.