Assetmark Inc. Increases Stock Holdings in Equity Lifestyle Properties, Inc. $ELS

Assetmark Inc. grew its holdings in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 47.8% during the 1st quarter, Holdings Channel reports. The fund owned 55,038 shares of the real estate investment trust’s stock after buying an additional 17,803 shares during the period. Assetmark Inc.’s holdings in Equity Lifestyle Properties were worth $3,435,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its position in shares of 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 valued at $966,648,000 after buying an additional 11,999,874 shares in the last quarter. Daiwa Securities Group Inc. raised its position 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 valued at $191,025,000 after purchasing an additional 2,257,299 shares during the period. Cohen & Steers Inc. lifted 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 valued at $643,331,000 after buying an additional 2,246,622 shares in the last quarter. Norges Bank bought a new position in Equity Lifestyle Properties in the 4th quarter worth $125,352,000. Finally, Royal London Asset Management Ltd. increased its stake in Equity Lifestyle Properties by 1,520.4% in the 2nd quarter. Royal London Asset Management Ltd. now owns 1,771,803 shares of the real estate investment trust’s stock worth $109,267,000 after buying an additional 1,662,458 shares in the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Stock Performance

NYSE ELS opened at $65.53 on Thursday. The business’s 50 day moving average price is $63.51 and its 200-day moving average price is $64.12. 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 market cap of $12.71 billion, a P/E ratio of 32.76, a P/E/G ratio of 3.95 and a beta of 0.66. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.04 and a current ratio of 0.04.

Equity Lifestyle Properties (NYSE:ELS) last announced its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. Equity Lifestyle Properties had a return on equity of 21.22% and a net margin of 24.99%.The business had revenue of $397.81 million during the quarter, compared to analyst estimates of $383.66 million. During the same quarter in the previous year, the business earned $0.69 earnings per share. The company’s revenue for the quarter 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. Sell-side analysts predict that Equity Lifestyle Properties, Inc. will post 3.18 earnings per share for the current year.

Equity Lifestyle Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were issued a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Friday, June 26th. Equity Lifestyle Properties’s payout ratio is presently 108.50%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Barclays reiterated an “equal weight” rating and set a $68.00 target price on shares of Equity Lifestyle Properties in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Wednesday, April 15th. Wall Street Zen raised shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Jefferies Financial Group upgraded shares of Equity Lifestyle Properties to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Robert W. Baird boosted their target price 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. One 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 company’s stock. Based on data from MarketBeat, Equity Lifestyle Properties presently has a consensus 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.