Russell Investments Group Ltd. Buys 443,953 Shares of Equity Lifestyle Properties, Inc. $ELS

Russell Investments Group Ltd. lifted its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 61.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,162,425 shares of the real estate investment trust’s stock after purchasing an additional 443,953 shares during the period. Russell Investments Group Ltd. owned about 0.60% of Equity Lifestyle Properties worth $67,804,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of ELS. Aew Capital Management Inc. acquired a new position in Equity Lifestyle Properties in the third quarter worth about $5,769,000. Maryland State Retirement & Pension System increased its holdings in Equity Lifestyle Properties by 12.9% in the third quarter. Maryland State Retirement & Pension System now owns 10,751 shares of the real estate investment trust’s stock valued at $627,000 after buying an additional 1,228 shares during the last quarter. Bahl & Gaynor LLC increased its holdings in Equity Lifestyle Properties by 3.1% in the third quarter. Bahl & Gaynor LLC now owns 807,227 shares of the real estate investment trust’s stock valued at $47,086,000 after buying an additional 24,646 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its stake in Equity Lifestyle Properties by 6.7% during the third quarter. Mesirow Financial Investment Management Inc. now owns 6,552 shares of the real estate investment trust’s stock valued at $382,000 after buying an additional 411 shares in the last quarter. Finally, New York Life Investment Management LLC raised its stake in Equity Lifestyle Properties by 11.4% during the third quarter. New York Life Investment Management LLC now owns 27,320 shares of the real estate investment trust’s stock valued at $1,594,000 after buying an additional 2,801 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Morgan Stanley reiterated a “mixed” rating and issued a $59.00 target price (down from $62.50) on shares of Equity Lifestyle Properties in a research report on Wednesday, August 12th. UBS Group dropped their price target on Equity Lifestyle Properties from $76.00 to $67.00 and set a “buy” rating on the stock in a research report on Tuesday, October 6th. Truist Financial reduced their price objective on Equity Lifestyle Properties from $64.00 to $63.00 and set a “hold” rating on the stock in a research note on Tuesday, November 3rd. Weiss Ratings downgraded shares of Equity Lifestyle Properties from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, October 28th. Finally, Wells Fargo & Company set a $64.00 price objective on shares of Equity Lifestyle Properties and gave the stock an “equal weight” rating in a report on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $67.02.

Equity Lifestyle Properties Stock Performance

ELS traded up $0.53 on Friday, hitting $62.06. 1,229,152 shares of the company’s stock were exchanged, compared to its average volume of 2,279,532. The firm has a market cap of $12.09 billion, a PE ratio of 30.57, a P/E/G ratio of 3.75 and a beta of 0.60. Equity Lifestyle Properties, Inc. has a twelve month low of $57.46 and a twelve month high of $69.00. The stock has a fifty day moving average of $60.31 and a two-hundred day moving average of $63.48. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.32.

Equity Lifestyle Properties (NYSE:ELS) last issued its earnings results on Wednesday, October 21st. The real estate investment trust reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.34). The company had revenue of $409.90 million during the quarter, compared to analyst estimates of $402.75 million. Equity Lifestyle Properties had a net margin of 24.97% and a return on equity of 21.73%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Equity Lifestyle Properties has set its Q4 2026 guidance at 0.780-0.840 EPS and its FY 2026 guidance at 3.150-3.210 EPS. On average, research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.18 earnings per share for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 8th. Shareholders of record on Thursday, December 24th will be paid a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Thursday, December 24th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 106.90%.

Equity Lifestyle Properties Company Profile

Equity LifeStyle Properties, Inc. is a real estate investment trust that owns and operates manufactured home communities, recreational vehicle (RV) resorts and campgrounds. Its properties serve both long-term residents and vacationers, with offerings that include home sites, RV sites and related accommodations. The company’s communities and resorts are located across the United States and Canada. In addition to managing its properties, Equity LifeStyle Properties offers services such as home rentals and sales, and provides amenities and recreational activities at many locations.