IFM Investors Pty Ltd Has $4.79 Million Stock Holdings in Equity Lifestyle Properties, Inc. $ELS

IFM Investors Pty Ltd cut its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 7.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 71,829 shares of the real estate investment trust’s stock after selling 5,676 shares during the quarter. IFM Investors Pty Ltd’s holdings in Equity Lifestyle Properties were worth $4,791,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Beese Fulmer Investment Management Inc. raised its holdings in Equity Lifestyle Properties by 2.6% in the 1st quarter. Beese Fulmer Investment Management Inc. now owns 7,995 shares of the real estate investment trust’s stock valued at $533,000 after acquiring an additional 200 shares in the last quarter. Xponance Inc. raised its holdings in Equity Lifestyle Properties by 0.7% in the 1st quarter. Xponance Inc. now owns 31,133 shares of the real estate investment trust’s stock valued at $2,077,000 after acquiring an additional 203 shares in the last quarter. GF Fund Management CO. LTD. raised its holdings in Equity Lifestyle Properties by 6.8% in the 1st quarter. GF Fund Management CO. LTD. now owns 3,438 shares of the real estate investment trust’s stock valued at $229,000 after acquiring an additional 218 shares in the last quarter. Qtron Investments LLC raised its holdings in Equity Lifestyle Properties by 4.5% in the 1st quarter. Qtron Investments LLC now owns 5,637 shares of the real estate investment trust’s stock valued at $376,000 after acquiring an additional 242 shares in the last quarter. Finally, Townsquare Capital LLC raised its holdings in Equity Lifestyle Properties by 2.0% in the 1st quarter. Townsquare Capital LLC now owns 12,756 shares of the real estate investment trust’s stock valued at $851,000 after acquiring an additional 251 shares in the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ELS has been the subject of a number of research analyst reports. Royal Bank Of Canada lowered their price target on Equity Lifestyle Properties from $67.00 to $66.00 and set a “sector perform” rating for the company in a report on Wednesday, July 23rd. Wells Fargo & Company lowered their price target on Equity Lifestyle Properties from $82.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. Morgan Stanley lowered their price target on 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. Truist Financial set a $68.00 price target on Equity Lifestyle Properties and gave the stock a “buy” rating in a report on Wednesday, July 30th. Finally, Wall Street Zen cut Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. One equities research 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $71.05.

Equity Lifestyle Properties Trading Up 1.9%

Shares of ELS stock opened at $61.56 on Friday. The firm has a market capitalization of $11.93 billion, a P/E ratio of 31.90, a P/E/G ratio of 3.26 and a beta of 0.73. Equity Lifestyle Properties, Inc. has a twelve month low of $58.15 and a twelve month high of $76.60. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.24. The stock’s fifty day simple moving average is $60.74 and its 200 day simple moving average is $63.37.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.69. The business had revenue of $313.29 million for the quarter, compared to analyst estimates of $377.59 million. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%.Equity Lifestyle Properties’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS. 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, sell-side analysts predict that Equity Lifestyle Properties, Inc. will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be given a dividend of $0.515 per share. The ex-dividend date is Friday, September 26th. This represents a $2.06 dividend on an annualized basis and a yield of 3.3%. Equity Lifestyle Properties’s 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.