Capital Square LLC Takes $804,000 Position in Equity Lifestyle Properties, Inc. $ELS

Capital Square LLC acquired a new position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 12,662 shares of the real estate investment trust’s stock, valued at approximately $804,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Equity Lifestyle Properties by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 25,477,480 shares of the real estate investment trust’s stock valued at $1,544,190,000 after acquiring an additional 592,013 shares in the last quarter. BlackRock Inc. acquired a new position in Equity Lifestyle Properties during the 2nd quarter worth $1,576,449,000. Price T Rowe Associates Inc. MD grew its stake in shares of Equity Lifestyle Properties by 303.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,948,613 shares of the real estate investment trust’s stock worth $966,648,000 after purchasing an additional 11,999,874 shares in the last quarter. Cohen & Steers Inc. grew its stake in shares of Equity Lifestyle Properties by 26.8% in the fourth quarter. Cohen & Steers Inc. now owns 10,614,040 shares of the real estate investment trust’s stock worth $643,331,000 after purchasing an additional 2,246,622 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Equity Lifestyle Properties by 1.0% during the first quarter. Principal Financial Group Inc. now owns 6,435,365 shares of the real estate investment trust’s stock valued at $401,698,000 after purchasing an additional 66,772 shares during the period. 97.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Morgan Stanley restated a “mixed” rating and set a $59.00 price objective (down from $62.50) on shares of Equity Lifestyle Properties in a research note on Wednesday, August 12th. Jefferies Financial Group upgraded shares of Equity Lifestyle Properties to a “strong-buy” rating in a research report on Wednesday, July 22nd. Truist Financial set a $67.00 target price on shares of Equity Lifestyle Properties and gave the company a “hold” rating in a research note on Tuesday, May 5th. Weiss Ratings upgraded shares of Equity Lifestyle Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 14th. Finally, Barclays set a $69.00 price target on shares of Equity Lifestyle Properties and gave the stock an “equal weight” rating in a research note on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $68.52.

Equity Lifestyle Properties Stock Up 0.0%

Shares of ELS stock opened at $65.48 on Monday. Equity Lifestyle Properties, Inc. has a 1 year low of $58.72 and a 1 year high of $69.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.02 and a current ratio of 0.02. The business’s fifty day moving average is $64.71 and its 200-day moving average is $64.64. The stock has a market cap of $12.71 billion, a PE ratio of 31.48, a price-to-earnings-growth ratio of 3.81 and a beta of 0.64.

Equity Lifestyle Properties (NYSE:ELS) last announced its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.22). The firm had revenue of $397.81 million for the quarter, compared to the consensus estimate of $383.66 million. Equity Lifestyle Properties had a net margin of 25.92% and a return on equity of 22.31%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 EPS. Equities analysts expect that Equity Lifestyle Properties, Inc. will post 3.2 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be given a dividend of $0.5425 per share. The ex-dividend date is Friday, September 25th. This represents a $2.17 annualized dividend and a dividend yield of 3.3%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 104.33%.

About Equity Lifestyle Properties

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.