Mitsubishi UFJ Asset Management Co. Ltd. Increases Stock Position in Equity Lifestyle Properties, Inc. $ELS

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 9.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 293,511 shares of the real estate investment trust’s stock after purchasing an additional 26,481 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Equity Lifestyle Properties were worth $18,101,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Brooklyn Investment Group boosted its stake in Equity Lifestyle Properties by 673.7% during the first quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 384 shares during the last quarter. National Pension Service increased its stake in 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 last quarter. IFP Advisors Inc raised its holdings in shares of Equity Lifestyle Properties by 874.7% during 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 in the last quarter. SVB Wealth LLC bought a new position in shares of Equity Lifestyle Properties during the 1st quarter valued at approximately $61,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Equity Lifestyle Properties by 31.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,426 shares of the real estate investment trust’s stock valued at $95,000 after purchasing an additional 345 shares in the last quarter. 97.21% of the stock is owned by institutional investors.

Equity Lifestyle Properties Trading Up 1.8%

ELS opened at $63.06 on Wednesday. Equity Lifestyle Properties, Inc. has a one year low of $58.15 and a one year high of $73.67. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.04 and a current ratio of 0.05. The stock has a market cap of $12.22 billion, a price-to-earnings ratio of 31.69, a P/E/G ratio of 3.32 and a beta of 0.71. The stock’s 50 day moving average price is $61.34 and its 200-day moving average price is $61.82.

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

Equity Lifestyle Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 26th will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, December 26th. This represents a $2.06 dividend on an annualized basis and a yield of 3.3%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 103.52%.

Analyst Upgrades and Downgrades

Several research firms have commented on ELS. Compass Point upgraded shares of Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Tuesday, July 22nd. Wall Street Zen raised shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Royal Bank Of Canada dropped their price target on Equity Lifestyle Properties from $67.00 to $66.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 23rd. Wells Fargo & Company lowered their price objective on Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, Jefferies Financial Group upgraded Equity Lifestyle Properties to a “strong-buy” rating in a report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Equity Lifestyle Properties currently has a consensus rating of “Moderate Buy” and an average target price of $70.14.

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.