Metis Global Partners LLC Grows Position in Equity Lifestyle Properties, Inc. $ELS

Metis Global Partners LLC raised its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 23.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 33,868 shares of the real estate investment trust’s stock after purchasing an additional 6,511 shares during the quarter. Metis Global Partners LLC’s holdings in Equity Lifestyle Properties were worth $2,089,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ELS. Nuveen LLC purchased a new stake in Equity Lifestyle Properties during the first quarter valued at about $142,937,000. Victory Capital Management Inc. lifted its stake in shares of Equity Lifestyle Properties by 15.1% in the 1st quarter. Victory Capital Management Inc. now owns 5,330,066 shares of the real estate investment trust’s stock valued at $355,515,000 after purchasing an additional 699,877 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC grew its holdings in shares of Equity Lifestyle Properties by 101.4% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,251,554 shares of the real estate investment trust’s stock worth $83,479,000 after purchasing an additional 630,065 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Equity Lifestyle Properties by 12.7% during the 1st quarter. JPMorgan Chase & Co. now owns 4,209,452 shares of the real estate investment trust’s stock worth $280,771,000 after purchasing an additional 474,495 shares during the period. Finally, American Century Companies Inc. increased its position in Equity Lifestyle Properties by 535.2% during the 1st quarter. American Century Companies Inc. now owns 369,167 shares of the real estate investment trust’s stock worth $24,623,000 after purchasing an additional 311,053 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Equity Lifestyle Properties Price Performance

ELS opened at $62.07 on Monday. Equity Lifestyle Properties, Inc. has a twelve month low of $58.15 and a twelve month high of $73.67. The firm has a market cap of $12.03 billion, a price-to-earnings ratio of 31.19, a PEG ratio of 3.32 and a beta of 0.71. The company has a current ratio of 0.05, a quick ratio of 0.04 and a debt-to-equity ratio of 0.27. The company has a fifty day simple moving average of $61.23 and a 200 day simple moving average of $61.83.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. The firm had revenue of $393.31 million for the quarter, compared to analyst estimates of $389.39 million. Equity Lifestyle Properties had a net margin of 24.97% and a return on equity of 20.99%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 EPS. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q4 2025 guidance at 0.750-0.810 EPS. Equities research analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 26th will be paid a $0.515 dividend. The ex-dividend date is Friday, December 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.3%. Equity Lifestyle Properties’s payout ratio is 103.52%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wells Fargo & Company reduced their price target on shares of Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Jefferies Financial Group upgraded shares of Equity Lifestyle Properties to a “strong-buy” rating in a report on Monday, October 20th. Compass Point raised shares of Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Tuesday, July 22nd. Truist Financial set a $68.00 price objective on Equity Lifestyle Properties and gave the company a “buy” rating in a research report on Wednesday, July 30th. Finally, Royal Bank Of Canada reduced their price objective on Equity Lifestyle Properties from $67.00 to $66.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.