Equity Lifestyle Properties, Inc. $ELS Shares Sold by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC decreased its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 0.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 292,937 shares of the real estate investment trust’s stock after selling 615 shares during the period. Equity Lifestyle Properties makes up 4.3% of Hunter Perkins Capital Management LLC’s portfolio, making the stock its 4th largest position. Hunter Perkins Capital Management LLC’s holdings in Equity Lifestyle Properties were worth $18,065,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanderbilt University raised its stake in Equity Lifestyle Properties by 214.2% in the 2nd quarter. Vanderbilt University now owns 41,619 shares of the real estate investment trust’s stock valued at $2,567,000 after acquiring an additional 28,371 shares during the period. Copeland Capital Management LLC grew its holdings in Equity Lifestyle Properties by 14.1% during the 2nd quarter. Copeland Capital Management LLC now owns 16,135 shares of the real estate investment trust’s stock worth $995,000 after acquiring an additional 1,992 shares during the last quarter. J. Safra Sarasin Holding AG raised its holdings in Equity Lifestyle Properties by 152.6% during the 2nd quarter. J. Safra Sarasin Holding AG now owns 36,614 shares of the real estate investment trust’s stock worth $2,258,000 after purchasing an additional 22,120 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Equity Lifestyle Properties by 4.9% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 191,055 shares of the real estate investment trust’s stock worth $11,782,000 after buying an additional 8,903 shares during the period. Finally, Truist Financial Corp grew its stake in Equity Lifestyle Properties by 8.5% in the second quarter. Truist Financial Corp now owns 24,783 shares of the real estate investment trust’s stock valued at $1,528,000 after acquiring an additional 1,943 shares during the period. Institutional investors own 97.21% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on ELS shares. Royal Bank Of Canada lowered their price target on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 23rd. Truist Financial set a $68.00 price target on Equity Lifestyle Properties and gave the company a “buy” rating in a research note on Wednesday, July 30th. Wells Fargo & Company reduced their target price on Equity Lifestyle Properties from $82.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Wall Street Zen lowered shares of Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Equity Lifestyle Properties in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Equity Lifestyle Properties has an average rating of “Moderate Buy” and an average target price of $71.05.

Equity Lifestyle Properties Stock Up 1.3%

Shares of NYSE ELS opened at $61.93 on Monday. The business’s fifty day simple moving average is $60.45 and its 200-day simple moving average is $62.46. The stock has a market cap of $12.00 billion, a P/E ratio of 32.09, a PEG ratio of 3.34 and a beta of 0.71. Equity Lifestyle Properties, Inc. has a 12-month low of $58.15 and a 12-month high of $73.67. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.24.

Equity Lifestyle Properties (NYSE:ELS) last announced its earnings results on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.69. The firm had revenue of $313.29 million during the quarter, compared to analysts’ expectations of $377.59 million. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%.The business’s revenue was down .8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 EPS. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q3 2025 guidance at 0.720-0.780 EPS. As a group, equities analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, September 26th. Equity Lifestyle Properties’s payout ratio is currently 106.74%.

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.