Bar Harbor Wealth Management Purchases 38,088 Shares of Equity Lifestyle Properties, Inc. $ELS

Bar Harbor Wealth Management boosted its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 58.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 103,323 shares of the real estate investment trust’s stock after buying an additional 38,088 shares during the quarter. Bar Harbor Wealth Management’s holdings in Equity Lifestyle Properties were worth $6,372,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ELS. UMB Bank n.a. boosted its holdings in Equity Lifestyle Properties by 137.5% in the first quarter. UMB Bank n.a. now owns 2,133 shares of the real estate investment trust’s stock valued at $142,000 after acquiring an additional 1,235 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Equity Lifestyle Properties by 78.7% in the first quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust’s stock valued at $96,000 after acquiring an additional 635 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in Equity Lifestyle Properties by 15.8% in the first quarter. Handelsbanken Fonder AB now owns 49,918 shares of the real estate investment trust’s stock valued at $3,330,000 after buying an additional 6,800 shares during the period. Azzad Asset Management Inc. ADV lifted its stake in Equity Lifestyle Properties by 3.2% in the first quarter. Azzad Asset Management Inc. ADV now owns 15,385 shares of the real estate investment trust’s stock valued at $1,026,000 after buying an additional 478 shares during the period. Finally, Ritholtz Wealth Management lifted its stake in Equity Lifestyle Properties by 23.6% in the first quarter. Ritholtz Wealth Management now owns 8,989 shares of the real estate investment trust’s stock valued at $600,000 after buying an additional 1,716 shares during the period. Institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Trading Up 1.3%

NYSE ELS opened at $62.86 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a market cap of $12.18 billion, a P/E ratio of 32.57, a P/E/G ratio of 3.35 and a beta of 0.71. Equity Lifestyle Properties, Inc. has a one year low of $58.15 and a one year high of $73.67. The stock’s 50-day moving average is $60.64 and its 200-day moving average is $62.41.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.69. The business had revenue of $313.29 million during 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%.Equity Lifestyle Properties’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the company earned $0.66 earnings per share. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q3 2025 guidance at 0.720-0.780 EPS. Sell-side analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, September 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.3%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 106.74%.

Wall Street Analyst Weigh In

ELS has been the topic of several analyst reports. Royal Bank Of Canada cut their target price 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. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Lifestyle Properties in a research note on Wednesday. Barclays raised Equity Lifestyle Properties from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $70.00 to $67.00 in a research note on Tuesday, July 29th. Morgan Stanley cut their target price on Equity Lifestyle Properties from $67.50 to $62.50 and set an “equal weight” rating on the stock in a research note on Thursday, September 4th. Finally, Truist Financial set a $68.00 target price on Equity Lifestyle Properties and gave the company a “buy” rating in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.05.

Equity Lifestyle Properties 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.