Lecap Asset Management Ltd. Decreases Stake in Equity Lifestyle Properties, Inc. $ELS

Lecap Asset Management Ltd. reduced its holdings in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 62.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,980 shares of the real estate investment trust’s stock after selling 26,558 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Equity Lifestyle Properties were worth $985,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Principal Financial Group Inc. grew its stake in shares of Equity Lifestyle Properties by 4.6% in 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 during the period. QRG Capital Management Inc. boosted its holdings in Equity Lifestyle Properties by 11.1% in the first quarter. QRG Capital Management Inc. now owns 11,602 shares of the real estate investment trust’s stock worth $774,000 after purchasing an additional 1,162 shares during the last quarter. Farther Finance Advisors LLC grew its position in Equity Lifestyle Properties by 78.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,442 shares of the real estate investment trust’s stock worth $96,000 after purchasing an additional 635 shares during the period. Dupont Capital Management Corp raised its stake in Equity Lifestyle Properties by 33.8% during the 1st quarter. Dupont Capital Management Corp now owns 145,004 shares of the real estate investment trust’s stock valued at $9,672,000 after buying an additional 36,655 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of Equity Lifestyle Properties by 3.2% during the 1st quarter. KBC Group NV now owns 145,262 shares of the real estate investment trust’s stock valued at $9,689,000 after buying an additional 4,450 shares during the period. 97.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ELS has been the topic of several research reports. Wall Street Zen cut Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Royal Bank Of Canada dropped their price objective on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 23rd. Morgan Stanley reduced their target price on shares of Equity Lifestyle Properties from $67.50 to $62.50 and set an “equal weight” rating for the company in a report on Thursday, September 4th. Wells Fargo & Company decreased their price target on shares of Equity Lifestyle Properties from $82.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. Finally, Compass Point raised shares of Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.05.

Equity Lifestyle Properties Trading Up 0.3%

Equity Lifestyle Properties stock opened at $61.14 on Friday. Equity Lifestyle Properties, Inc. has a 12-month low of $58.15 and a 12-month high of $73.67. The firm has a market capitalization of $11.85 billion, a price-to-earnings ratio of 31.68, a P/E/G ratio of 3.29 and a beta of 0.71. The firm has a 50 day moving average of $60.40 and a 200 day moving average of $62.59. 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 issued its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share for the quarter, meeting the consensus estimate of $0.69. The business had revenue of $313.29 million for the quarter, compared to the consensus estimate of $377.59 million. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 earnings per share. 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, research analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, September 26th. Equity Lifestyle Properties’s dividend payout ratio is presently 106.74%.

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.