ProShare Advisors LLC grew its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS – Free Report) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 420,664 shares of the real estate investment trust’s stock after acquiring an additional 9,189 shares during the period. ProShare Advisors LLC owned about 0.22% of Equity Lifestyle Properties worth $24,537,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. BROOKFIELD Corp ON acquired a new position in Equity Lifestyle Properties in the first quarter worth about $19,429,000. Tidal Investments LLC increased its holdings in Equity Lifestyle Properties by 10.6% in the second quarter. Tidal Investments LLC now owns 185,999 shares of the real estate investment trust’s stock valued at $11,988,000 after buying an additional 17,878 shares during the last quarter. Resolution Capital Ltd increased its holdings in Equity Lifestyle Properties by 3.3% in the first quarter. Resolution Capital Ltd now owns 1,885,292 shares of the real estate investment trust’s stock valued at $117,680,000 after buying an additional 59,809 shares during the last quarter. Corient Private Wealth LP acquired a new stake in Equity Lifestyle Properties during the second quarter valued at approximately $2,549,000. Finally, Legal & General Group Plc acquired a new stake in Equity Lifestyle Properties during the second quarter valued at approximately $69,938,000. Institutional investors own 97.21% of the company’s stock.
Equity Lifestyle Properties Stock Performance
Shares of NYSE ELS opened at $60.45 on Tuesday. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average price is $60.63 and its two-hundred day moving average price is $63.52. Equity Lifestyle Properties, Inc. has a 52-week low of $57.46 and a 52-week high of $69.00. The stock has a market capitalization of $11.78 billion, a P/E ratio of 18.34, a P/E/G ratio of 3.52 and a beta of 0.63.
Equity Lifestyle Properties (NYSE:ELS – Get Free Report) last issued its earnings results on Wednesday, October 21st. The real estate investment trust reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.34). The company had revenue of $409.90 million during the quarter, compared to analyst estimates of $402.75 million. Equity Lifestyle Properties had a net margin of 24.97% and a return on equity of 21.73%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Equity Lifestyle Properties has set its Q4 2026 guidance at 0.780-0.840 EPS and its FY 2026 guidance at 3.150-3.210 EPS. As a group, sell-side analysts forecast that Equity Lifestyle Properties, Inc. will post 3.19 earnings per share for the current year.
Equity Lifestyle Properties Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 8th. Investors of record on Thursday, December 24th will be given a dividend of $0.5425 per share. The ex-dividend date is Thursday, December 24th. This represents a $2.17 dividend on an annualized basis and a yield of 3.6%. Equity Lifestyle Properties’s payout ratio is currently 106.90%.
Wall Street Analyst Weigh In
A number of research analysts have commented on ELS shares. Evercore set a $68.00 target price on Equity Lifestyle Properties in a report on Monday, September 21st. Royal Bank Of Canada lowered their price target on Equity Lifestyle Properties from $71.00 to $68.00 and set an “outperform” rating for the company in a report on Tuesday, October 13th. Jefferies Financial Group raised Equity Lifestyle Properties to a “strong-buy” rating in a research report on Monday, October 12th. Odeon Capital Group set a $65.00 price objective on Equity Lifestyle Properties in a research note on Thursday, July 9th. Finally, Barclays set a $66.00 price objective on shares of Equity Lifestyle Properties and gave the stock an “equal weight” rating in a report on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $67.09.
Check Out Our Latest Analysis on Equity Lifestyle Properties
Equity Lifestyle Properties Company Profile
Equity LifeStyle Properties, Inc (NYSE:ELS) is a real estate investment trust that owns, operates and manages manufactured housing communities, recreational vehicle resorts and campgrounds, and marinas. Its properties are designed to provide residential and vacation accommodations, with offerings that range from long-term manufactured home sites to seasonal and transient RV sites and boat storage.
The company serves residents, vacationers and boat owners across the United States. Its portfolio is concentrated in locations with favorable climates, recreational appeal and access to coastal, lakefront or other leisure destinations.
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