American Assets Capital Advisers LLC Sells 34,899 Shares of Equity Lifestyle Properties, Inc. $ELS

American Assets Capital Advisers LLC lowered its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 83.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,022 shares of the real estate investment trust’s stock after selling 34,899 shares during the quarter. American Assets Capital Advisers LLC’s holdings in Equity Lifestyle Properties were worth $433,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group increased its holdings in shares of Equity Lifestyle Properties by 673.7% during the first quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 384 shares in the last quarter. National Pension Service increased its holdings in Equity Lifestyle Properties by 75.0% during the 1st quarter. National Pension Service now owns 644 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 276 shares in the last quarter. IFP Advisors Inc raised its position in Equity Lifestyle Properties by 874.7% in the 2nd quarter. IFP Advisors Inc now owns 848 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 761 shares during the last quarter. SVB Wealth LLC acquired a new position in Equity Lifestyle Properties in the first quarter worth $61,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of 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 purchasing an additional 345 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ELS. Jefferies Financial Group upgraded shares of Equity Lifestyle Properties to a “strong-buy” rating in a research report on Monday, October 20th. Evercore ISI reduced their target price on shares of Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating on the stock in a research report on Thursday, October 23rd. Compass Point raised shares of Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $72.00 price target for the company in a report on Tuesday, July 22nd. Wells Fargo & Company reduced their price objective on Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Finally, Wall Street Zen upgraded Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Equity Lifestyle Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.14.

Equity Lifestyle Properties Trading Up 2.0%

Shares of NYSE:ELS opened at $62.07 on Friday. Equity Lifestyle Properties, Inc. has a 52-week low of $58.15 and a 52-week high of $73.67. The stock has a market capitalization of $12.03 billion, a price-to-earnings ratio of 31.19, a PEG ratio of 3.32 and a beta of 0.71. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.04 and a current ratio of 0.05. The stock’s 50-day simple moving average is $61.23 and its two-hundred day simple moving average is $61.85.

Equity Lifestyle Properties (NYSE:ELS) last announced its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. Equity Lifestyle Properties had a net margin of 24.97% and a return on equity of 20.99%. The company had revenue of $393.31 million during the quarter, compared to analyst estimates of $389.39 million. During the same period in the previous year, the business posted $0.72 earnings per share. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q4 2025 guidance at 0.750-0.810 EPS. Analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 26th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, December 26th. Equity Lifestyle Properties’s payout ratio is presently 103.52%.

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.