AGF Management Ltd. Has $2.92 Million Stock Holdings in Equity Lifestyle Properties, Inc. $ELS

AGF Management Ltd. raised its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 18.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,272 shares of the real estate investment trust’s stock after purchasing an additional 7,425 shares during the period. AGF Management Ltd.’s holdings in Equity Lifestyle Properties were worth $2,915,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Equity Lifestyle Properties by 0.4% in the 1st 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 buying an additional 97,306 shares during the period. Victory Capital Management Inc. raised its stake in Equity Lifestyle Properties by 15.1% during the 1st quarter. Victory Capital Management Inc. now owns 5,330,066 shares of the real estate investment trust’s stock worth $355,515,000 after buying an additional 699,877 shares during the period. JPMorgan Chase & Co. boosted its holdings in Equity Lifestyle Properties by 12.7% in 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 in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Equity Lifestyle Properties by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,722,268 shares of the real estate investment trust’s stock worth $181,574,000 after acquiring an additional 26,775 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Equity Lifestyle Properties by 1.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,597,191 shares of the real estate investment trust’s stock valued at $173,233,000 after acquiring an additional 43,861 shares during the period. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity Lifestyle Properties Trading Down 0.3%

NYSE ELS opened at $61.96 on Tuesday. The company has a current ratio of 0.05, a quick ratio of 0.04 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $61.27 and a 200 day simple moving average of $61.82. Equity Lifestyle Properties, Inc. has a 12 month low of $58.15 and a 12 month high of $73.67. The firm has a market capitalization of $12.01 billion, a P/E ratio of 31.13, a PEG ratio of 3.32 and a beta of 0.71.

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

Equity Lifestyle Properties Dividend Announcement

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

Analysts Set New Price Targets

ELS has been the topic of a number of research reports. Wells Fargo & Company lowered their target price on Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Truist Financial set a $68.00 price target on shares of Equity Lifestyle Properties and gave the company a “buy” rating in a research note on Wednesday, July 30th. Barclays upgraded shares of Equity Lifestyle Properties from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $70.00 to $67.00 in a report on Tuesday, July 29th. Wall Street Zen raised shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Equity Lifestyle Properties in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.14.

Equity Lifestyle Properties 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.