Equity Lifestyle Properties, Inc. $ELS Shares Sold by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC cut its position in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 62.9% in the second quarter, Holdings Channel reports. The firm owned 464,333 shares of the real estate investment trust’s stock after selling 787,221 shares during the period. Cbre Investment Management Listed Real Assets LLC’s holdings in Equity Lifestyle Properties were worth $28,635,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group lifted its stake in Equity Lifestyle Properties by 673.7% in the first quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 384 shares during the last quarter. National Pension Service increased its holdings in shares of Equity Lifestyle Properties by 75.0% in the 1st quarter. National Pension Service now owns 644 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 276 shares during the period. IFP Advisors Inc raised its position in Equity Lifestyle Properties by 874.7% in the 2nd quarter. IFP Advisors Inc now owns 848 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 761 shares during the last quarter. SVB Wealth LLC acquired a new stake in Equity Lifestyle Properties during the 1st quarter worth $61,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Equity Lifestyle Properties by 31.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,426 shares of the real estate investment trust’s stock worth $95,000 after purchasing an additional 345 shares during the period. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity Lifestyle Properties Price Performance

Shares of NYSE:ELS opened at $60.82 on Friday. The company has a quick ratio of 0.04, a current ratio of 0.05 and a debt-to-equity ratio of 0.27. The company has a market cap of $11.79 billion, a P/E ratio of 30.56, a PEG ratio of 3.32 and a beta of 0.71. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $73.67. The company has a 50-day moving average price of $61.19 and a 200 day moving average price of $61.87.

Equity Lifestyle Properties (NYSE:ELS) last released its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.75. The company had revenue of $393.31 million for the quarter, compared to analysts’ expectations of $389.39 million. Equity Lifestyle Properties had a return on equity of 20.99% and a net margin of 24.97%.The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 EPS. 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 predict that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current year.

Equity Lifestyle Properties Announces Dividend

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

Wall Street Analyst Weigh In

ELS has been the subject of a number of research reports. Truist Financial set a $68.00 target price on shares of Equity Lifestyle Properties and gave the company a “buy” rating in a report on Wednesday, July 30th. Wells Fargo & Company dropped their price target on Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Evercore ISI decreased their price objective on Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating for the company in a research report on Thursday, October 23rd. Compass Point upgraded Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Tuesday, July 22nd. Finally, Morgan Stanley cut their price target on Equity Lifestyle Properties from $67.50 to $62.50 and set an “equal weight” rating for the company in a research note on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Equity Lifestyle Properties has an average rating of “Moderate Buy” and an average target price of $70.14.

Equity Lifestyle Properties Company 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.