Vise Technologies Inc. Invests $809,000 in Equity Lifestyle Properties, Inc. $ELS

Vise Technologies Inc. acquired a new position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,548 shares of the real estate investment trust’s stock, valued at approximately $809,000.

Several other institutional investors have also added to or reduced their stakes in ELS. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Equity Lifestyle Properties by 11.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 337,948 shares of the real estate investment trust’s stock worth $20,206,000 after purchasing an additional 34,946 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in Equity Lifestyle Properties by 1,104.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 673,072 shares of the real estate investment trust’s stock valued at $40,794,000 after buying an additional 617,202 shares during the period. Legal & General Group Plc boosted its position in shares of Equity Lifestyle Properties by 13.4% during the 4th quarter. Legal & General Group Plc now owns 1,365,902 shares of the real estate investment trust’s stock worth $82,787,000 after acquiring an additional 161,210 shares in the last quarter. BROOKFIELD Corp ON acquired a new stake in shares of Equity Lifestyle Properties during the 1st quarter worth approximately $19,429,000. Finally, Resolution Capital Ltd increased its stake in Equity Lifestyle Properties by 3.3% in the first quarter. Resolution Capital Ltd now owns 1,885,292 shares of the real estate investment trust’s stock valued at $117,680,000 after acquiring an additional 59,809 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors.

Equity Lifestyle Properties Trading Up 0.0%

Shares of ELS stock opened at $65.48 on Monday. The firm has a market capitalization of $12.71 billion, a P/E ratio of 31.48, a P/E/G ratio of 3.81 and a beta of 0.64. Equity Lifestyle Properties, Inc. has a twelve month low of $58.72 and a twelve month high of $69.00. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.31. The stock’s fifty day simple moving average is $64.71 and its 200 day simple moving average is $64.64.

Equity Lifestyle Properties (NYSE:ELS) last posted its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.50 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.22). Equity Lifestyle Properties had a net margin of 25.92% and a return on equity of 22.31%. The firm had revenue of $397.81 million during the quarter, compared to the consensus estimate of $383.66 million. During the same quarter in the prior year, the business posted $0.69 earnings per share. Equity Lifestyle Properties’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, sell-side analysts predict that Equity Lifestyle Properties, Inc. will post 3.2 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be issued a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, September 25th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 104.33%.

Analysts Set New Price Targets

A number of brokerages have weighed in on ELS. Jefferies Financial Group raised Equity Lifestyle Properties to a “strong-buy” rating in a report on Wednesday, July 22nd. Weiss Ratings upgraded Equity Lifestyle Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 14th. Truist Financial set a $67.00 target price on Equity Lifestyle Properties and gave the company a “hold” rating in a research report on Tuesday, May 5th. Odeon Capital Group set a $65.00 target price on Equity Lifestyle Properties in a research note on Thursday, July 9th. Finally, Wells Fargo & Company reduced their price target on shares of Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $68.52.

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.