Janus Henderson Group PLC Acquires 23,553 Shares of Equity Lifestyle Properties, Inc. $ELS

Janus Henderson Group PLC lifted its stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) by 2.9% in the 1st quarter, HoldingsChannel reports. The firm owned 831,809 shares of the real estate investment trust’s stock after acquiring an additional 23,553 shares during the period. Janus Henderson Group PLC’s holdings in Equity Lifestyle Properties were worth $51,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Equity Lifestyle Properties by 2.4% during 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 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 worth $966,648,000 after buying an additional 11,999,874 shares during the period. Cohen & Steers Inc. lifted its position 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. Principal Financial Group Inc. lifted its position in shares of Equity Lifestyle Properties by 1.0% during the 1st 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 buying an additional 66,772 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Equity Lifestyle Properties by 2.2% during 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 acquiring an additional 100,364 shares during the period. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Stock Performance

NYSE:ELS opened at $65.18 on Friday. The company has a current ratio of 0.02, a quick ratio of 0.04 and a debt-to-equity ratio of 0.31. Equity Lifestyle Properties, Inc. has a 12-month low of $58.37 and a 12-month high of $69.00. The stock has a 50-day moving average price of $63.99 and a 200 day moving average price of $64.38. The stock has a market capitalization of $12.65 billion, a P/E ratio of 31.34, a P/E/G ratio of 3.96 and a beta of 0.66.

Equity Lifestyle Properties (NYSE:ELS) last issued its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $397.81 million for the quarter, compared to the consensus estimate of $383.66 million. During the same period last year, the business posted $0.69 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts forecast that Equity Lifestyle Properties, Inc. will post 3.18 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The business 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 presently 104.33%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ELS. Jefferies Financial Group raised shares of Equity Lifestyle Properties to a “strong-buy” rating in a report on Wednesday, July 22nd. Truist Financial set a $67.00 price target on shares of Equity Lifestyle Properties and gave the company a “hold” rating in a report on Tuesday, May 5th. Weiss Ratings lowered shares of Equity Lifestyle Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Robert W. Baird raised their price objective on shares of Equity Lifestyle Properties from $73.00 to $74.00 and gave the company an “outperform” rating in a research 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 objective on the stock in a research report on Wednesday, April 15th. One investment 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 assigned a Sell rating to the stock. According to MarketBeat, Equity Lifestyle Properties currently has a consensus rating of “Hold” and a consensus price target 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.