Equity Lifestyle Properties
About: Equity Lifestyle Properties is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently has a portfolio of 452 properties across the U.S. with a higher concentration in the Sunbelt region with 38% of the company's properties located in Florida, 12% in Arizona, and 8% in California. Equity Lifestyle targets owning properties in attractive retirement destinations with over 70% of the company's properties either being age-restricted or having an average resident age over 55.
Employees: 4,000
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
5,743% more call options, than puts
Call options by funds: $2.45M | Put options by funds: $42K
34% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 41
12% more capital invested
Capital invested by funds: $11.9B [Q2] → $13.3B (+$1.38B) [Q3]
1.98% more ownership
Funds ownership: 97.89% [Q2] → 99.87% (+1.98%) [Q3]
2% more funds holding
Funds holding: 468 [Q2] → 477 (+9) [Q3]
7% more repeat investments, than reductions
Existing positions increased: 187 | Existing positions reduced: 175
20% less funds holding in top 10
Funds holding in top 10: 5 [Q2] → 4 (-1) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$71
7%
upside
Avg. target
$74
12%
upside
High target
$80
20%
upside
5 analyst ratings
2 positive
40%
3 neutral
60%
0 negative
0%
Jefferies Peter Abramowitz 38% 1-year accuracy 5 / 13 met price target | 20%upside $80 | Buy Upgraded | 2 Jan 2025 |
Truist Securities Anthony Hau 22% 1-year accuracy 6 / 27 met price target | 7%upside $71 | Hold Maintained | 12 Nov 2024 |
Compass Point Merrill Ross 17% 1-year accuracy 2 / 12 met price target | 8%upside $72 | Neutral Maintained | 23 Oct 2024 |
Evercore ISI Group Steve Sakwa 43% 1-year accuracy 23 / 53 met price target | 14%upside $76 | In-Line Maintained | 23 Oct 2024 |
Baird Wesley Golladay 56% 1-year accuracy 5 / 9 met price target | 8%upside $72 | Outperform Maintained | 22 Oct 2024 |
Financial journalist opinion
Based on 4 articles about ELS published over the past 30 days
Neutral
Zacks Investment Research
3 days ago
Zacks Industry Outlook LifeStyle Properties, Veris Residential and UMH Properties
LifeStyle Properties, Veris Residential and UMH Properties have been highlighted in this Industry Outlook article.
Positive
Zacks Investment Research
4 days ago
3 Residential REITs to Buy Despite Ongoing Industry Challenges
Despite the elevated supply of new units and concession utilization, healthy rental demand amid a strong labor market and favorable demographic trends poise the Zacks Equity REIT - Residential industry players like ELS, VRE and UMH are well for growth.
Positive
Seeking Alpha
1 week ago
Generational Wealth - Our Favorite Dividend Stocks To Build A Lasting Legacy
In this article, I highlight three dividend stocks I trust for building generational wealth. These stocks offer stability and consistent income growth over time. Each of these picks has a strong, reliable track record, making them excellent choices for long-term investors. They align with my strategy for lasting financial success. By focusing on these stocks, you can establish a foundation for wealth that spans generations, ensuring your portfolio thrives, no matter the market conditions.
Positive
Seeking Alpha
2 weeks ago
Beat Inflation Like A Pro: Unstoppable Dividend Picks You Can't Miss
The dollar surged 8% in 2024, fueled by the Fed's policy shifts and potential tariffs under President Trump. As inflation persists, the Fed's uncertain path adds volatility. Professional investors, including hedge fund managers, emphasize inflation protection. Infrastructure assets, particularly in renewable power and data centers, offer strong growth and income potential. Amid rising bond yields, I favor high-yielding stocks, especially in infrastructure and real estate, as these sectors benefit from inflation and offer stability and growth.
Positive
Seeking Alpha
1 month ago
Property Type Round-Up From REITworld 2024
REITs are poised for growth with stabilizing interest rates, low new supply, and robust balance sheets supporting higher rents and long-term asset growth. Healthcare REITs benefit from strong senior housing demand and limited new supply, despite valuation debates and management changes at Healthcare Realty. Multifamily and single-family rental sectors show regional variability, but long-term growth driven by demographic trends.
Positive
Seeking Alpha
1 month ago
Sector Spotlight: Manufactured Housing REITs
Despite high employment and wage growth, demand for affordable housing is at an all-time high, making MHC REITs a compelling investment. The four MHC REITs (ELS, MHCUF, SUI, UMH) show varied YTD returns, with market valuations and SSNOI differing significantly. Flagship Communities stands out as the growth and value leader, offering opportunistically cheap shares despite a recent equity issuance.
Neutral
PRNewsWire
2 months ago
ELS Declares Fourth Quarter 2024 Dividend
CHICAGO , Oct. 30, 2024 /PRNewswire/ -- On October 29, 2024, the Board of Directors (the "Board") of Equity LifeStyle Properties, Inc. (NYSE: ELS) (referred to herein as "we," "us," and "our") declared a fourth quarter 2024 dividend of $0.4775 per common share, representing, on an annualized basis, a dividend of $1.91 per common share. The dividend will be paid on January 10, 2025 to stockholders of record at the close of business on December 27, 2024.
Positive
Seeking Alpha
2 months ago
Equity LifeStyle: Hurricane Milton Can't Bring This REIT Down
Equity LifeStyle Properties, Inc. is a leading manufactured housing REIT with strategic locations, a strong tenant base, and resilience through economic and interest rate cycles. ELS has shown impressive financial performance with robust FFO growth, high occupancy rates, and a well-managed debt profile, supporting a 2.7% dividend yield. Despite recent price increases, ELS remains attractively valued with a forward P/FFO of 24.3, slightly below its historical average, offering market-level returns.
Neutral
Seeking Alpha
2 months ago
Equity LifeStyle Properties, Inc. (ELS) Q3 2024 Earnings Call Transcript
Equity LifeStyle Properties, Inc. (NYSE:ELS ) Q3 2024 Earnings Conference Call October 22, 2024 11:00 AM ET Company Participants Marguerite Nader - President & CEO Patrick Waite - EVP & COO Paul Seavey - EVP & CFO Conference Call Participants Joshua Dennerlein - Bank of America Bradley Heffern - RBC Eric Wolfe - Citi John Kim - BMO Capital Markets Keegan Carl - Wolfe Research Samir Khanal - Evercore James Feldman - Wells Fargo Michael Goldsmith - UBS Omotayo Okusanya - Deutsche Bank John Pawlowski - Green Street Advisors Mason Guell - Baird Anthony Hau - Truist Securities Operator Good day, everyone, and thank you for joining us to discuss Equity LifeStyle Properties' Third Quarter 2024 Results. Our featured speakers today are Marguerite Nader, our President and CEO; Paul Seavey, our Executive Vice President and CFO; and Patrick Waite, our Executive Vice President and COO.
Positive
Zacks Investment Research
3 months ago
Equity Lifestyle Properties (ELS) Meets Q3 FFO Estimates
Equity Lifestyle Properties (ELS) came out with quarterly funds from operations (FFO) of $0.72 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.71 per share a year ago.
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