Jacobs Levy Equity Management Inc. Takes $1.44 Million Position in Equity Lifestyle Properties, Inc. $ELS

Jacobs Levy Equity Management Inc. bought a new position in Equity Lifestyle Properties, Inc. (NYSE:ELS) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 21,593 shares of the real estate investment trust’s stock, valued at approximately $1,440,000.

A number of other large investors have also bought and sold shares of the company. Eventide Asset Management LLC purchased a new stake in Equity Lifestyle Properties in the first quarter worth $13,057,000. Alliancebernstein L.P. increased its position in Equity Lifestyle Properties by 3.3% in the first quarter. Alliancebernstein L.P. now owns 305,516 shares of the real estate investment trust’s stock worth $20,378,000 after buying an additional 9,896 shares during the last quarter. AQR Capital Management LLC increased its position in Equity Lifestyle Properties by 211.3% in the first quarter. AQR Capital Management LLC now owns 399,932 shares of the real estate investment trust’s stock worth $26,675,000 after buying an additional 271,473 shares during the last quarter. Amundi increased its position in Equity Lifestyle Properties by 12.7% in the first quarter. Amundi now owns 289,229 shares of the real estate investment trust’s stock worth $19,673,000 after buying an additional 32,571 shares during the last quarter. Finally, Perbak Capital Partners LLP purchased a new stake in Equity Lifestyle Properties in the first quarter worth $831,000. 97.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on ELS. Truist Financial set a $68.00 target price on Equity Lifestyle Properties and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Compass Point raised Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Tuesday, July 22nd. Morgan Stanley reduced 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 report on Thursday, September 4th. Barclays upgraded Equity Lifestyle Properties from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $70.00 to $67.00 in a research report on Tuesday, July 29th. Finally, Wells Fargo & Company reduced their price target on Equity Lifestyle Properties from $82.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.05.

Equity Lifestyle Properties Price Performance

Equity Lifestyle Properties stock opened at $61.56 on Friday. Equity Lifestyle Properties, Inc. has a 52 week low of $58.15 and a 52 week high of $76.60. The business has a 50-day simple moving average of $60.74 and a 200 day simple moving average of $63.37. 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 has a market cap of $11.93 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 3.26 and a beta of 0.73.

Equity Lifestyle Properties (NYSE:ELS) last posted its earnings results on Monday, July 21st. The real estate investment trust reported $0.69 EPS for the quarter, hitting the consensus estimate of $0.69. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%.The business had revenue of $313.29 million during the quarter, compared to analysts’ expectations of $377.59 million. During the same period in the previous year, the business earned $0.66 earnings per share. The firm’s revenue was down .8% on a year-over-year basis. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q3 2025 guidance at 0.720-0.780 EPS. On average, research analysts forecast that Equity Lifestyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

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