Machina Capital S.A.S. Takes Position in Equity Lifestyle Properties, Inc. $ELS

Machina Capital S.A.S. acquired a new stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 12,148 shares of the real estate investment trust’s stock, valued at approximately $749,000.

A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of 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 valued at $1,677,582,000 after purchasing an additional 97,306 shares during the period. Victory Capital Management Inc. grew its position in shares of 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 buying an additional 699,877 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of 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 buying an additional 474,495 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of 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 buying an additional 26,775 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Equity Lifestyle Properties by 1.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,597,191 shares of the real estate investment trust’s stock worth $173,233,000 after buying an additional 43,861 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Lifestyle Properties in a research report on Wednesday, October 8th. 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. Royal Bank Of Canada decreased their price target on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 23rd. Truist Financial set a $68.00 price target on shares of Equity Lifestyle Properties and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company decreased their price target on shares of Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Equity Lifestyle Properties presently has an average rating of “Moderate Buy” and a consensus price target of $70.14.

Equity Lifestyle Properties Stock Performance

Equity Lifestyle Properties stock opened at $60.37 on Tuesday. The company has a market cap of $11.70 billion, a PE ratio of 30.34, a P/E/G ratio of 3.32 and a beta of 0.71. The company has a fifty day moving average price of $61.12 and a two-hundred day moving average price of $61.92. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.05 and a quick ratio of 0.04. Equity Lifestyle Properties, Inc. has a 12 month low of $58.15 and a 12 month high of $73.67.

Equity Lifestyle Properties (NYSE:ELS) last released 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 during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.72 earnings per share. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q4 2025 guidance at 0.750-0.810 EPS. Research analysts expect that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 26th will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, December 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.4%. Equity Lifestyle Properties’s payout ratio is 103.52%.

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.