Vestmark Advisory Solutions Inc. Sells 5,220 Shares of Equity Lifestyle Properties, Inc. $ELS

Vestmark Advisory Solutions Inc. decreased its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 53.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,562 shares of the real estate investment trust’s stock after selling 5,220 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Equity Lifestyle Properties were worth $281,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ELS. Achmea Investment Management B.V. acquired a new stake in shares of Equity Lifestyle Properties during the 2nd quarter worth approximately $1,039,000. Andra AP fonden boosted its position in shares of Equity Lifestyle Properties by 34.9% during the second quarter. Andra AP fonden now owns 352,400 shares of the real estate investment trust’s stock valued at $21,733,000 after buying an additional 91,100 shares during the last quarter. FORA Capital LLC purchased a new stake in shares of Equity Lifestyle Properties in the first quarter valued at about $451,000. Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of Equity Lifestyle Properties by 101.4% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,251,554 shares of the real estate investment trust’s stock worth $83,479,000 after buying an additional 630,065 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of Equity Lifestyle Properties by 68.0% during the 2nd quarter. Exchange Traded Concepts LLC now owns 23,527 shares of the real estate investment trust’s stock valued at $1,451,000 after purchasing an additional 9,523 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Stock Performance

ELS opened at $61.93 on Thursday. The company’s 50 day moving average is $61.38 and its 200 day moving average is $61.83. 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 company has a market cap of $12.00 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 3.32 and a beta of 0.71. Equity Lifestyle Properties, Inc. has a 12-month low of $58.15 and a 12-month high of $73.44.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. The business 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 company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $0.72 earnings per share. 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, equities research analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 26th will be paid 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 dividend payout ratio (DPR) is currently 103.52%.

Analysts Set New Price Targets

ELS has been the topic of a number of research reports. Barclays upgraded Equity Lifestyle Properties from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $70.00 to $67.00 in a research note on Tuesday, July 29th. Morgan Stanley reduced their target price on shares of 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. 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 report on Tuesday, July 22nd. Wall Street Zen upgraded Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Wells Fargo & Company decreased their target price on shares of Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.14.

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.