Public Employees Retirement System of Ohio Sells 50,541 Shares of Equity Lifestyle Properties, Inc. $ELS

Public Employees Retirement System of Ohio trimmed its position in shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) by 15.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 278,879 shares of the real estate investment trust’s stock after selling 50,541 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Equity Lifestyle Properties were worth $17,408,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of ELS. Price T Rowe Associates Inc. MD raised 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 valued at $966,648,000 after acquiring an additional 11,999,874 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Equity Lifestyle Properties by 253.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 3,147,048 shares of the real estate investment trust’s stock worth $191,025,000 after purchasing an additional 2,257,299 shares during the period. Cohen & Steers Inc. boosted its stake in shares of 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 purchasing an additional 2,246,622 shares during the period. Norges Bank purchased a new position in shares of Equity Lifestyle Properties during the 4th quarter worth about $125,352,000. Finally, Royal London Asset Management Ltd. grew its holdings in Equity Lifestyle Properties by 1,520.4% during the 2nd quarter. Royal London Asset Management Ltd. now owns 1,771,803 shares of the real estate investment trust’s stock valued at $109,267,000 after purchasing an additional 1,662,458 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Stock Up 0.2%

NYSE:ELS opened at $66.16 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.02 and a quick ratio of 0.04. Equity Lifestyle Properties, Inc. has a 1-year low of $58.15 and a 1-year high of $69.00. The company has a 50-day moving average of $63.69 and a 200 day moving average of $64.18. The firm has a market cap of $12.83 billion, a PE ratio of 31.81, a price-to-earnings-growth ratio of 4.02 and a beta of 0.66.

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). Equity Lifestyle Properties had a net margin of 25.92% and a return on equity of 22.31%. The company had revenue of $397.81 million during the quarter, compared to analysts’ expectations of $383.66 million. During the same quarter in the prior year, the business posted $0.69 earnings per share. The company’s revenue was up 5.5% compared to the same quarter last year. 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. As a group, research analysts anticipate that Equity Lifestyle Properties, Inc. will post 3.18 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently weighed in on ELS shares. Weiss Ratings raised shares of Equity Lifestyle Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 2nd. Odeon Capital Group set a $65.00 target price on Equity Lifestyle Properties in a research report on Thursday, July 9th. Wall Street Zen raised Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Truist Financial set a $67.00 price target on Equity Lifestyle Properties and gave the stock a “hold” rating in a report on Tuesday, May 5th. Finally, Robert W. Baird increased their price target on Equity Lifestyle Properties from $73.00 to $74.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $68.70.

Equity Lifestyle Properties Company 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.