Wilmington Savings Fund Society FSB Purchases New Position in Equity LifeStyle Properties, Inc. (NYSE:ELS)

Wilmington Savings Fund Society FSB acquired a new position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 1,009 shares of the real estate investment trust’s stock, valued at approximately $72,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ELS. UMB Bank n.a. boosted its position in shares of Equity LifeStyle Properties by 356.4% during the third quarter. UMB Bank n.a. now owns 534 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 417 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in Equity LifeStyle Properties by 31.3% during the 3rd quarter. V Square Quantitative Management LLC now owns 613 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 146 shares in the last quarter. Blue Trust Inc. boosted its holdings in Equity LifeStyle Properties by 167.1% during the 2nd quarter. Blue Trust Inc. now owns 625 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 391 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Equity LifeStyle Properties in the 2nd quarter worth $54,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in shares of Equity LifeStyle Properties in the third quarter valued at about $75,000. 97.21% of the stock is owned by hedge funds and other institutional investors.

Equity LifeStyle Properties Stock Up 0.6 %

Shares of NYSE ELS opened at $66.61 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.03 and a quick ratio of 0.03. The stock has a market capitalization of $12.73 billion, a PE ratio of 34.34, a P/E/G ratio of 3.63 and a beta of 0.77. Equity LifeStyle Properties, Inc. has a one year low of $59.82 and a one year high of $76.60. The business’s fifty day moving average price is $69.86 and its 200-day moving average price is $68.99.

Equity LifeStyle Properties (NYSE:ELS) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.28). The firm had revenue of $387.30 million during the quarter, compared to the consensus estimate of $315.78 million. Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. The company’s revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.71 earnings per share. On average, equities research analysts anticipate that Equity LifeStyle Properties, Inc. will post 2.92 EPS for the current year.

Equity LifeStyle Properties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be issued a $0.477 dividend. This represents a $1.91 annualized dividend and a yield of 2.86%. The ex-dividend date is Friday, December 27th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 98.45%.

Analysts Set New Price Targets

Several research analysts recently weighed in on ELS shares. Wells Fargo & Company upgraded shares of Equity LifeStyle Properties from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $70.50 to $82.00 in a report on Thursday, September 19th. Truist Financial boosted their target price on Equity LifeStyle Properties from $70.00 to $71.00 and gave the stock a “hold” rating in a research note on Tuesday, November 12th. Robert W. Baird increased their price target on Equity LifeStyle Properties from $71.00 to $72.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Compass Point lifted their price target on Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Jefferies Financial Group assumed coverage on Equity LifeStyle Properties in a research note on Thursday, October 17th. They issued a “hold” rating and a $72.00 price objective for the company. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $72.50.

Equity LifeStyle Properties Company Profile

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.