AlphaQuest LLC Sells 12,670 Shares of Equity Lifestyle Properties, Inc. $ELS

AlphaQuest LLC lowered its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 40.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,420 shares of the real estate investment trust’s stock after selling 12,670 shares during the quarter. AlphaQuest LLC’s holdings in Equity Lifestyle Properties were worth $1,136,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ELS. Brooklyn Investment Group lifted its position in shares of Equity Lifestyle Properties by 673.7% in the 1st quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 384 shares during the period. National Pension Service lifted its position in shares of Equity Lifestyle Properties by 75.0% in the 1st quarter. National Pension Service now owns 644 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 276 shares during the period. IFP Advisors Inc lifted its position in shares of Equity Lifestyle Properties by 874.7% in the 2nd quarter. IFP Advisors Inc now owns 848 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 761 shares during the period. SVB Wealth LLC bought a new stake in shares of Equity Lifestyle Properties in the 1st quarter worth approximately $61,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Equity Lifestyle Properties by 31.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,426 shares of the real estate investment trust’s stock worth $95,000 after acquiring an additional 345 shares during the period. Institutional investors own 97.21% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on ELS. 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 research report on Tuesday, July 22nd. Evercore ISI cut their target price on Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating for the company in a research report on Thursday. Wall Street Zen downgraded Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Wells Fargo & Company cut their target price on Equity Lifestyle Properties from $82.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Equity Lifestyle Properties in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $70.32.

Equity Lifestyle Properties Trading Up 1.0%

ELS stock opened at $61.61 on Friday. The business has a fifty day moving average price of $61.05 and a 200 day moving average price of $62.12. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $73.67. The stock has a market capitalization of $11.94 billion, a price-to-earnings ratio of 30.96, a P/E/G ratio of 3.32 and a beta of 0.71. 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 released its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.75 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.75. Equity Lifestyle Properties had a return on equity of 20.99% and a net margin of 24.97%.The firm had revenue of $393.31 million during the quarter, compared to analysts’ expectations of $389.39 million. During the same period last year, the firm posted $0.72 EPS. The business’s revenue was up 1.5% on a year-over-year basis. 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 fiscal year.

Equity Lifestyle Properties Announces Dividend

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

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.