Equity Lifestyle Properties (NYSE:ELS) Posts Earnings Results, Hits Estimates

Equity Lifestyle Properties (NYSE:ELS) released its quarterly earnings results on Wednesday. The real estate investment trust reported $0.75 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.75, Zacks reports. Equity Lifestyle Properties had a net margin of 24.97% and a return on equity of 20.95%. The company had revenue of $393.31 million for the quarter, compared to analyst estimates of $389.39 million. During the same period last year, the firm earned $0.72 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. Equity Lifestyle Properties updated its FY 2025 guidance to 3.010-3.110 EPS and its Q4 2025 guidance to 0.750-0.810 EPS.

Equity Lifestyle Properties Stock Performance

NYSE:ELS opened at $61.04 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.04 and a current ratio of 0.04. Equity Lifestyle Properties has a 52-week low of $58.15 and a 52-week high of $73.67. The firm has a market cap of $11.83 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 3.42 and a beta of 0.71. The business’s fifty day moving average is $61.04 and its 200 day moving average is $62.11.

Equity Lifestyle Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, September 26th. Equity Lifestyle Properties’s payout ratio is currently 106.74%.

Institutional Trading of Equity Lifestyle Properties

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal London Asset Management Ltd. lifted its holdings in shares of Equity Lifestyle Properties by 1,520.4% in the second quarter. Royal London Asset Management Ltd. now owns 1,771,803 shares of the real estate investment trust’s stock worth $109,267,000 after buying an additional 1,662,458 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Equity Lifestyle Properties by 53.6% in the second quarter. Bank of America Corp DE now owns 2,227,360 shares of the real estate investment trust’s stock worth $137,361,000 after buying an additional 777,107 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Equity Lifestyle Properties by 161.2% in the second quarter. AQR Capital Management LLC now owns 1,044,792 shares of the real estate investment trust’s stock worth $63,889,000 after buying an additional 644,860 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Equity Lifestyle Properties by 61.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 810,614 shares of the real estate investment trust’s stock valued at $49,242,000 after purchasing an additional 310,015 shares during the period. Finally, Lighthouse Investment Partners LLC bought a new position in Equity Lifestyle Properties in the 2nd quarter valued at $11,241,000. 97.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wall Street Zen downgraded Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. Truist Financial set a $68.00 price target on shares of Equity Lifestyle Properties and gave the stock a “buy” rating in a report on Wednesday, July 30th. Compass Point raised shares of Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Tuesday, July 22nd. Royal Bank Of Canada lowered their price target on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 23rd. Finally, Evercore ISI dropped their price target on Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $70.32.

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.