MQS Management LLC Has $582,000 Holdings in Equity Lifestyle Properties, Inc. $ELS

MQS Management LLC boosted its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 30.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,431 shares of the real estate investment trust’s stock after purchasing an additional 2,186 shares during the quarter. MQS Management LLC’s holdings in Equity Lifestyle Properties were worth $582,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Equity Lifestyle Properties by 0.4% in the first quarter. Vanguard Group Inc. now owns 25,151,151 shares of the real estate investment trust’s stock valued at $1,677,582,000 after purchasing an additional 97,306 shares in the last quarter. Principal Financial Group Inc. raised its stake in 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 valued at $423,479,000 after purchasing an additional 278,193 shares in the last quarter. Victory Capital Management Inc. raised its stake in Equity Lifestyle Properties by 15.1% during the first quarter. Victory Capital Management Inc. now owns 5,330,066 shares of the real estate investment trust’s stock worth $355,515,000 after acquiring an additional 699,877 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Equity Lifestyle Properties by 12.7% in the first quarter. JPMorgan Chase & Co. now owns 4,209,452 shares of the real estate investment trust’s stock worth $280,771,000 after acquiring an additional 474,495 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Equity Lifestyle Properties by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,722,268 shares of the real estate investment trust’s stock worth $181,574,000 after acquiring an additional 26,775 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity Lifestyle Properties Stock Performance

Equity Lifestyle Properties stock opened at $61.61 on Friday. The business has a 50 day moving average of $61.05 and a 200-day moving average of $62.12. Equity Lifestyle Properties, Inc. has a 1 year low of $58.15 and a 1 year high of $73.67. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.05 and a quick ratio of 0.04. The company has a market capitalization of $11.94 billion, a P/E ratio of 30.96, a P/E/G ratio of 3.32 and a beta of 0.71.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.75 earnings per share (EPS) 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 the consensus estimate of $389.39 million. During the same quarter in the prior year, the firm posted $0.72 earnings per share. The firm’s 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. On average, equities research analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on ELS. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Lifestyle Properties in a report on Saturday. Jefferies Financial Group raised shares of Equity Lifestyle Properties to a “strong-buy” rating in a report on Monday, October 20th. Compass Point raised shares of 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. Wall Street Zen cut shares of Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Finally, Truist Financial set a $68.00 target price on shares of Equity Lifestyle Properties and gave the stock a “buy” rating in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Equity Lifestyle Properties has a consensus rating of “Moderate Buy” and an average price target of $70.32.

Equity Lifestyle Properties Company 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.