Sei Investments Co. Sells 14,498 Shares of Equity Lifestyle Properties, Inc. $ELS

Sei Investments Co. cut its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 1.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 957,634 shares of the real estate investment trust’s stock after selling 14,498 shares during the quarter. Sei Investments Co.’s holdings in Equity Lifestyle Properties were worth $59,776,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Empowered Funds LLC boosted its stake in Equity Lifestyle Properties by 14.1% in the 1st quarter. Empowered Funds LLC now owns 6,516 shares of the real estate investment trust’s stock valued at $435,000 after buying an additional 804 shares in the last quarter. Jane Street Group LLC raised its stake in Equity Lifestyle Properties by 598.5% during the first quarter. Jane Street Group LLC now owns 119,397 shares of the real estate investment trust’s stock worth $7,964,000 after acquiring an additional 102,303 shares in the last quarter. Intech Investment Management LLC raised its stake in Equity Lifestyle Properties by 62.3% during the first quarter. Intech Investment Management LLC now owns 23,114 shares of the real estate investment trust’s stock worth $1,542,000 after acquiring an additional 8,873 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Equity Lifestyle Properties by 111.0% during the second quarter. Cetera Investment Advisers now owns 10,122 shares of the real estate investment trust’s stock valued at $624,000 after acquiring an additional 5,325 shares during the period. Finally, Gamco Investors INC. ET AL bought a new position in shares of Equity Lifestyle Properties during the second quarter valued at $300,000. Institutional investors own 97.21% of the company’s stock.

Analyst Ratings Changes

ELS has been the subject of several analyst reports. Odeon Capital Group set a $65.00 price target on shares of Equity Lifestyle Properties in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Wednesday, April 15th. Wells Fargo & Company dropped their price objective on shares of Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Barclays reiterated an “equal weight” rating and issued a $68.00 target price on shares of Equity Lifestyle Properties in a research note on Tuesday, July 14th. Finally, Truist Financial set a $67.00 price target on Equity Lifestyle Properties and gave the stock a “hold” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $68.70.

Equity Lifestyle Properties Trading Up 0.2%

Shares of NYSE ELS opened at $66.16 on Friday. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $69.00. The company has a 50-day moving average of $63.69 and a two-hundred day moving average of $64.18. The company has a market cap of $12.83 billion, a PE ratio of 31.81, a P/E/G ratio of 4.02 and a beta of 0.66. The company has a current ratio of 0.02, a quick ratio of 0.04 and a debt-to-equity ratio of 0.31.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.50 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.22). The company had revenue of $397.81 million for the quarter, compared to the consensus estimate of $383.66 million. Equity Lifestyle Properties had a net margin of 25.92% and a return on equity of 22.31%. Equity Lifestyle Properties’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.69 earnings per share. Equity Lifestyle Properties has set its FY 2026 guidance at 3.130-3.230 EPS and its Q3 2026 guidance at 0.760-0.820 EPS. As a group, equities analysts expect that Equity Lifestyle Properties, Inc. will post 3.18 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were given a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, June 26th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 104.33%.

Equity Lifestyle Properties Company Profile

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.