Naviter Wealth LLC Trims Stake in Equity Lifestyle Properties, Inc. $ELS

Naviter Wealth LLC lowered its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 5.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 10,589 shares of the real estate investment trust’s stock after selling 609 shares during the period. Naviter Wealth LLC’s holdings in Equity Lifestyle Properties were worth $658,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Equity Lifestyle Properties by 0.4% during the first quarter. Vanguard Group Inc. now owns 25,151,151 shares of the real estate investment trust’s stock worth $1,677,582,000 after acquiring an additional 97,306 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Equity Lifestyle Properties by 4.6% during the first quarter. Principal Financial Group Inc. now owns 6,349,010 shares of the real estate investment trust’s stock worth $423,479,000 after acquiring an additional 278,193 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Equity Lifestyle Properties by 15.1% during the first quarter. Victory Capital Management Inc. now owns 5,330,066 shares of the real estate investment trust’s stock worth $355,515,000 after acquiring an additional 699,877 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Equity Lifestyle Properties by 12.7% during the first quarter. JPMorgan Chase & Co. now owns 4,209,452 shares of the real estate investment trust’s stock worth $280,771,000 after acquiring an additional 474,495 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Equity Lifestyle Properties by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,722,268 shares of the real estate investment trust’s stock worth $181,574,000 after acquiring an additional 26,775 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Lifestyle Properties in a research note on Wednesday, October 8th. Barclays upgraded shares of Equity Lifestyle Properties from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $70.00 to $67.00 in a research note on Tuesday, July 29th. Compass Point upgraded shares of Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Tuesday, July 22nd. Wells Fargo & Company dropped their target price on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. Finally, Morgan Stanley dropped their target price on shares of Equity Lifestyle Properties from $67.50 to $62.50 and set an “equal weight” rating on the stock in a research note on Thursday, September 4th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $71.05.

Equity Lifestyle Properties Stock Down 0.6%

Shares of Equity Lifestyle Properties stock opened at $62.09 on Wednesday. The company has a market cap of $12.03 billion, a price-to-earnings ratio of 32.17, a price-to-earnings-growth ratio of 3.37 and a beta of 0.71. The company’s 50 day moving average is $60.77 and its 200 day moving average is $62.27. Equity Lifestyle Properties, Inc. has a twelve month low of $58.15 and a twelve month high of $73.67. The company has a quick ratio of 0.04, a current 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 EPS for the quarter, meeting analysts’ consensus estimates of $0.69. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. The business had revenue of $313.29 million during the quarter, compared to analysts’ expectations of $377.59 million. During the same period in the prior year, the company earned $0.66 earnings per share. The firm’s revenue was down .8% on a year-over-year basis. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q3 2025 guidance at 0.720-0.780 EPS. Research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, September 26th. Equity Lifestyle Properties’s dividend payout ratio is currently 106.74%.

Equity Lifestyle Properties 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.