BROOKFIELD Corp ON Buys New Position in Equity Lifestyle Properties, Inc. $ELS

BROOKFIELD Corp ON purchased a new position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 311,259 shares of the real estate investment trust’s stock, valued at approximately $19,429,000.

Several other hedge funds have also made changes to their positions in ELS. Vanguard Group Inc. boosted its stake in shares of Equity Lifestyle Properties by 2.4% in the fourth 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 purchasing an additional 592,013 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Equity Lifestyle Properties by 303.9% during the 4th 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 buying an additional 11,999,874 shares during the period. Cohen & Steers Inc. lifted its holdings in Equity Lifestyle Properties by 26.8% during the 4th quarter. Cohen & Steers Inc. now owns 10,614,040 shares of the real estate investment trust’s stock worth $643,331,000 after buying an additional 2,246,622 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Equity Lifestyle Properties by 1.0% in 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 acquiring an additional 66,772 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Equity Lifestyle Properties by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 4,712,562 shares of the real estate investment trust’s stock valued at $285,048,000 after purchasing an additional 100,364 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity Lifestyle Properties Price Performance

ELS stock opened at $66.16 on Monday. The business has a 50 day moving average price of $63.69 and a 200 day moving average price of $64.22. The stock has a market cap of $12.83 billion, a price-to-earnings ratio of 31.81, a PEG ratio of 4.02 and a beta of 0.66. Equity Lifestyle Properties, Inc. has a fifty-two week low of $58.15 and a fifty-two week high of $69.00. The company has a quick ratio of 0.04, a current ratio of 0.02 and a debt-to-equity ratio of 0.31.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.22). The business had revenue of $397.81 million during the quarter, compared to analyst estimates of $383.66 million. Equity Lifestyle Properties had a net margin of 25.92% and a return on equity of 22.31%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.69 earnings per share. Equity Lifestyle Properties has set its FY 2026 guidance at 3.130-3.230 EPS and its Q3 2026 guidance at 0.760-0.820 EPS. Equities research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.18 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were issued a $0.5425 dividend. The ex-dividend date was Friday, June 26th. This represents a $2.17 annualized dividend and a dividend yield of 3.3%. Equity Lifestyle Properties’s dividend payout ratio is presently 104.33%.

Analyst Ratings Changes

ELS has been the subject of a number of analyst reports. Jefferies Financial Group raised Equity Lifestyle Properties to a “strong-buy” rating in a research report on Wednesday, July 22nd. Wells Fargo & Company reduced their target price on shares of Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. Odeon Capital Group set a $65.00 price target on shares of Equity Lifestyle Properties in a research note on Thursday, July 9th. Robert W. Baird boosted their price target on shares of Equity Lifestyle Properties from $73.00 to $74.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Equity Lifestyle Properties has an average rating of “Hold” and a consensus target price of $68.70.

Equity Lifestyle Properties Profile

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.