Whittier Trust Co. Acquires 340 Shares of Equity Lifestyle Properties, Inc. $ELS

Whittier Trust Co. boosted its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 10.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,745 shares of the real estate investment trust’s stock after acquiring an additional 340 shares during the quarter. Whittier Trust Co.’s holdings in Equity Lifestyle Properties were worth $231,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of ELS. Nuveen LLC bought a new position in shares of Equity Lifestyle Properties during the 1st quarter valued at about $142,937,000. Victory Capital Management Inc. increased its position in shares of Equity Lifestyle Properties by 15.1% during the 1st quarter. Victory Capital Management Inc. now owns 5,330,066 shares of the real estate investment trust’s stock valued at $355,515,000 after purchasing an additional 699,877 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC increased its position in shares of Equity Lifestyle Properties by 101.4% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,251,554 shares of the real estate investment trust’s stock valued at $83,479,000 after purchasing an additional 630,065 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Equity Lifestyle Properties by 12.7% during the 1st quarter. JPMorgan Chase & Co. now owns 4,209,452 shares of the real estate investment trust’s stock valued at $280,771,000 after purchasing an additional 474,495 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Equity Lifestyle Properties by 535.2% during the 1st quarter. American Century Companies Inc. now owns 369,167 shares of the real estate investment trust’s stock valued at $24,623,000 after purchasing an additional 311,053 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors.

Equity Lifestyle Properties Trading Up 1.0%

Shares of ELS stock opened at $61.61 on Friday. The stock has a market capitalization of $11.94 billion, a PE ratio of 30.96, a P/E/G ratio of 3.29 and a beta of 0.71. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $73.67. The business has a 50-day moving average of $61.05 and a 200 day moving average of $62.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.05 and a quick ratio of 0.04.

Equity Lifestyle Properties (NYSE:ELS) last issued its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. Equity Lifestyle Properties had a return on equity of 20.99% and a net margin of 24.97%.The company had revenue of $393.31 million during the quarter, compared to analysts’ expectations of $389.39 million. During the same period in the prior year, the business posted $0.72 EPS. Equity Lifestyle Properties’s quarterly revenue was up 1.5% compared to the same quarter last year. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q4 2025 guidance at 0.750-0.810 EPS. As a group, sell-side analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued a $0.515 dividend. The ex-dividend date was Friday, September 26th. This represents a $2.06 annualized dividend and a yield of 3.3%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 103.52%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Truist Financial set a $68.00 price objective on Equity Lifestyle Properties and gave the company a “buy” rating in a research report on Wednesday, July 30th. Wall Street Zen lowered Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Lifestyle Properties in a research report on Wednesday, October 8th. Morgan Stanley dropped their target price on Equity Lifestyle Properties from $67.50 to $62.50 and set an “equal weight” rating for the company in a report on Thursday, September 4th. Finally, Compass Point upgraded Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a report on Tuesday, July 22nd. 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $70.32.

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.