PGGM Investments Lowers Stock Holdings in Equity Lifestyle Properties, Inc. $ELS

PGGM Investments trimmed its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 1.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,892,266 shares of the real estate investment trust’s stock after selling 25,566 shares during the quarter. Equity Lifestyle Properties accounts for approximately 2.0% of PGGM Investments’ investment portfolio, making the stock its 15th biggest position. PGGM Investments’ holdings in Equity Lifestyle Properties were worth $116,696,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ELS. Farther Finance Advisors LLC increased its position in Equity Lifestyle Properties by 12.3% during the second quarter. Farther Finance Advisors LLC now owns 1,620 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 178 shares during the period. GAMMA Investing LLC increased its position in Equity Lifestyle Properties by 10.8% during the second quarter. GAMMA Investing LLC now owns 2,069 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 201 shares during the period. Xponance Inc. increased its position in Equity Lifestyle Properties by 0.7% during the first quarter. Xponance Inc. now owns 31,133 shares of the real estate investment trust’s stock worth $2,077,000 after buying an additional 203 shares during the period. GF Fund Management CO. LTD. increased its position in Equity Lifestyle Properties by 6.8% during the first quarter. GF Fund Management CO. LTD. now owns 3,438 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 218 shares during the period. Finally, Qtron Investments LLC increased its position in Equity Lifestyle Properties by 4.5% during the first quarter. Qtron Investments LLC now owns 5,637 shares of the real estate investment trust’s stock worth $376,000 after buying an additional 242 shares during the period. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Stock Up 2.1%

Equity Lifestyle Properties stock opened at $60.73 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.04 and a quick ratio of 0.04. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $73.67. The company has a market cap of $11.77 billion, a PE ratio of 31.47, a price-to-earnings-growth ratio of 3.21 and a beta of 0.73. The stock’s 50 day moving average price is $60.38 and its 200 day moving average price is $62.65.

Equity Lifestyle Properties (NYSE:ELS) last posted 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 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 previous year, the business earned $0.66 earnings per share. The company’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. On average, sell-side analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The firm 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. The ex-dividend date is Friday, September 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.4%. Equity Lifestyle Properties’s payout ratio is 106.74%.

Wall Street Analyst Weigh In

ELS has been the topic of several research analyst reports. Wells Fargo & Company cut their price target 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. Compass Point raised Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Tuesday, July 22nd. Wall Street Zen lowered Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Morgan Stanley dropped their target price on Equity Lifestyle Properties from $67.50 to $62.50 and set an “equal weight” rating on the stock in a report on Thursday, September 4th. Finally, Truist Financial set a $68.00 target price on Equity Lifestyle Properties and gave the company a “buy” rating in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Equity Lifestyle Properties currently has an average rating of “Moderate Buy” and a consensus price target of $71.05.

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.