Bank of Montreal Can Has $43.90 Million Holdings in Equity Lifestyle Properties, Inc. $ELS

Bank of Montreal Can increased its stake in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 711,911 shares of the real estate investment trust’s stock after acquiring an additional 16,866 shares during the quarter. Bank of Montreal Can’s holdings in Equity Lifestyle Properties were worth $43,904,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ELS. Nuveen LLC acquired a new stake in Equity Lifestyle Properties in the first quarter worth $142,937,000. Victory Capital Management Inc. grew its holdings in Equity Lifestyle Properties by 15.1% in 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 purchasing an additional 699,877 shares during the period. Cbre Investment Management Listed Real Assets LLC grew its holdings in Equity Lifestyle Properties by 101.4% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,251,554 shares of the real estate investment trust’s stock worth $83,479,000 after purchasing an additional 630,065 shares during the period. JPMorgan Chase & Co. grew its holdings in Equity Lifestyle Properties by 12.7% in 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 purchasing an additional 474,495 shares during the period. Finally, American Century Companies Inc. grew its holdings in Equity Lifestyle Properties by 535.2% in the first quarter. American Century Companies Inc. now owns 369,167 shares of the real estate investment trust’s stock worth $24,623,000 after purchasing an additional 311,053 shares during the period. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Equity Lifestyle Properties Stock Up 0.2%

ELS opened at $60.78 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.05 and a quick ratio of 0.04. The company’s 50-day moving average is $61.17 and its 200 day moving average is $61.88. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $73.67. The firm has a market capitalization of $11.78 billion, a P/E ratio of 30.54, a PEG ratio of 3.32 and a beta of 0.71.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.75 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.75. Equity Lifestyle Properties had a net margin of 24.97% and a return on equity of 20.99%. The company had revenue of $393.31 million for the quarter, compared to analyst estimates of $389.39 million. During the same period last year, the firm earned $0.72 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. 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 fiscal year.

Equity Lifestyle Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 26th will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, December 26th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 103.52%.

Analyst Ratings Changes

A number of equities research analysts have commented on ELS shares. Morgan Stanley reduced their price target 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. Barclays upgraded shares of Equity Lifestyle Properties from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $70.00 to $67.00 in a report on Tuesday, July 29th. Evercore ISI dropped their price objective on shares of Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating on the stock in a research note on Thursday, October 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Lifestyle Properties in a research note on Wednesday, October 8th. Finally, Compass Point raised shares of Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $70.14.

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.