Inspire Investing LLC Buys 456 Shares of Equity Lifestyle Properties, Inc. $ELS

Inspire Investing LLC boosted its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 2.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,721 shares of the real estate investment trust’s stock after acquiring an additional 456 shares during the period. Inspire Investing LLC’s holdings in Equity Lifestyle Properties were worth $1,401,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ELS. Brooklyn Investment Group increased its stake in Equity Lifestyle Properties by 673.7% during the 1st quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 384 shares during the period. National Pension Service increased its stake in shares of Equity Lifestyle Properties by 75.0% in 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 during the last quarter. IFP Advisors Inc increased its stake in shares of 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 bought a new position in shares of Equity Lifestyle Properties in the 1st quarter valued at $61,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Equity Lifestyle Properties by 31.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,426 shares of the real estate investment trust’s stock valued at $95,000 after purchasing an additional 345 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Truist Financial set a $68.00 price target on Equity Lifestyle Properties and gave the company a “buy” rating in a research note on Wednesday, July 30th. Royal Bank Of Canada decreased their price target on 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. Wall Street Zen lowered Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Lifestyle Properties in a research note on Wednesday. Finally, Compass Point upgraded 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. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.05.

Equity Lifestyle Properties Trading Up 0.8%

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 twelve month low of $58.15 and a twelve month high of $73.67. The company has a market cap of $12.27 billion, a price-to-earnings ratio of 32.80, a price-to-earnings-growth ratio of 3.42 and a beta of 0.71. The business’s fifty day moving average is $60.75 and its 200 day moving average is $62.32.

Equity Lifestyle Properties (NYSE:ELS) last announced its earnings results on Monday, July 21st. The real estate investment trust reported $0.69 EPS for the quarter, hitting the consensus estimate of $0.69. The firm had revenue of $313.29 million for the quarter, compared to the consensus estimate of $377.59 million. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%.The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 EPS. 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, sell-side analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

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