Jupiter Topco LLC bought a new stake in Equity Lifestyle Properties, Inc. (NYSE:ELS – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 528,078 shares of the real estate investment trust’s stock, valued at approximately $34,051,000. Jupiter Topco LLC owned approximately 0.27% of Equity Lifestyle Properties as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in the company. Empowered Funds LLC lifted its holdings in Equity Lifestyle Properties by 14.1% during the 1st quarter. Empowered Funds LLC now owns 6,516 shares of the real estate investment trust’s stock valued at $435,000 after purchasing an additional 804 shares during the last quarter. Jane Street Group LLC boosted its position in Equity Lifestyle Properties by 598.5% in the first quarter. Jane Street Group LLC now owns 119,397 shares of the real estate investment trust’s stock valued at $7,964,000 after buying an additional 102,303 shares in the last quarter. Intech Investment Management LLC boosted its position in Equity Lifestyle Properties by 62.3% in the first quarter. Intech Investment Management LLC now owns 23,114 shares of the real estate investment trust’s stock valued at $1,542,000 after buying an additional 8,873 shares in the last quarter. Cetera Investment Advisers grew its stake in Equity Lifestyle Properties by 111.0% during the second quarter. Cetera Investment Advisers now owns 10,122 shares of the real estate investment trust’s stock worth $624,000 after buying an additional 5,325 shares during the last quarter. Finally, Gamco Investors INC. ET AL bought a new stake in Equity Lifestyle Properties during the second quarter worth about $300,000. Institutional investors own 97.21% of the company’s stock.
Analyst Upgrades and Downgrades
ELS has been the subject of a number of research analyst reports. Morgan Stanley reiterated a “mixed” rating and issued a $59.00 target price (down from $62.50) on shares of Equity Lifestyle Properties in a research note on Wednesday, August 12th. Weiss Ratings upgraded Equity Lifestyle Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 14th. Barclays set a $69.00 price target on Equity Lifestyle Properties and gave the company an “equal weight” rating in a report on Monday, August 17th. Odeon Capital Group set a $65.00 price objective on Equity Lifestyle Properties in a research report on Thursday, July 9th. Finally, Truist Financial set a $67.00 price objective on Equity Lifestyle Properties and gave the company a “hold” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.52.
Equity Lifestyle Properties Stock Down 0.4%
Shares of NYSE:ELS opened at $63.63 on Friday. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.31. The firm has a market cap of $12.35 billion, a P/E ratio of 30.59, a P/E/G ratio of 3.72 and a beta of 0.64. Equity Lifestyle Properties, Inc. has a 12 month low of $58.72 and a 12 month high of $69.00. The company’s 50-day moving average price is $64.86 and its two-hundred day moving average price is $64.62.
Equity Lifestyle Properties (NYSE:ELS – Get Free Report) last announced its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.22). Equity Lifestyle Properties had a return on equity of 22.31% and a net margin of 25.92%.The company had revenue of $397.81 million during the quarter, compared to the consensus estimate of $383.66 million. During the same period in the prior year, the firm posted $0.69 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. As a group, research analysts forecast that Equity Lifestyle Properties, Inc. will post 3.2 EPS for the current fiscal year.
Equity Lifestyle Properties Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be given a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, September 25th. Equity Lifestyle Properties’s payout ratio is 104.33%.
Equity Lifestyle Properties Company Profile
Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.
In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.
Read More
- Five stocks we like better than Equity Lifestyle Properties
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
Want to see what other hedge funds are holding ELS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity Lifestyle Properties, Inc. (NYSE:ELS – Free Report).
Receive News & Ratings for Equity Lifestyle Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Lifestyle Properties and related companies with MarketBeat.com's FREE daily email newsletter.
