Nordea Investment Management AB Has $974,000 Position in Equity Lifestyle Properties, Inc. $ELS

Nordea Investment Management AB boosted its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 3.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,882 shares of the real estate investment trust’s stock after purchasing an additional 461 shares during the period. Nordea Investment Management AB’s holdings in Equity Lifestyle Properties were worth $974,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in shares of Equity Lifestyle Properties by 4.6% in the first quarter. Principal Financial Group Inc. now owns 6,349,010 shares of the real estate investment trust’s stock worth $423,479,000 after acquiring an additional 278,193 shares during the last quarter. KBC Group NV raised its stake in shares of Equity Lifestyle Properties by 3.2% in the first quarter. KBC Group NV now owns 145,262 shares of the real estate investment trust’s stock worth $9,689,000 after acquiring an additional 4,450 shares during the last quarter. FORA Capital LLC bought a new position in shares of Equity Lifestyle Properties in the first quarter worth about $451,000. Financial Counselors Inc. bought a new position in shares of Equity Lifestyle Properties in the first quarter worth about $1,091,000. Finally, Cbre Investment Management Listed Real Assets LLC raised its stake in shares of Equity Lifestyle Properties by 101.4% in the first 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 acquiring an additional 630,065 shares during the last quarter. 97.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ELS has been the subject of a number of recent research reports. Jefferies Financial Group raised shares of Equity Lifestyle Properties to a “strong-buy” rating in a research note on Monday. Truist Financial set a $68.00 price target on shares of Equity Lifestyle Properties and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Evercore ISI dropped their price target on shares of Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating for the company in a research note on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Lifestyle Properties in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company dropped their price target on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Equity Lifestyle Properties currently has a consensus rating of “Moderate Buy” and an average target price of $70.32.

Equity Lifestyle Properties Stock Down 3.7%

Shares of NYSE ELS opened at $61.04 on Friday. The stock has a market cap of $11.83 billion, a P/E ratio of 30.67, a P/E/G ratio of 3.42 and a beta of 0.71. The firm has a 50 day moving average price of $61.04 and a 200 day moving average price of $62.11. 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, Inc. has a 52-week low of $58.15 and a 52-week high of $73.67.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.75. The firm had revenue of $393.31 million during the quarter, compared to analysts’ expectations of $389.39 million. Equity Lifestyle Properties had a net margin of 24.97% and a return on equity of 20.95%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company 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. Analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

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

About Equity Lifestyle Properties

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.