United Services Automobile Association Has $808,000 Stake in Equity LifeStyle Properties, Inc. (NYSE:ELS)

United Services Automobile Association cut its position in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,139 shares of the real estate investment trust’s stock after selling 449 shares during the quarter. United Services Automobile Association’s holdings in Equity LifeStyle Properties were worth $808,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Natixis Advisors LLC increased its holdings in Equity LifeStyle Properties by 3.0% in the third quarter. Natixis Advisors LLC now owns 26,676 shares of the real estate investment trust’s stock worth $1,903,000 after purchasing an additional 775 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Equity LifeStyle Properties by 44.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 65,035 shares of the real estate investment trust’s stock valued at $4,640,000 after acquiring an additional 19,974 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Equity LifeStyle Properties in the 3rd quarter valued at $329,000. Citigroup Inc. boosted its stake in Equity LifeStyle Properties by 16.7% during the third quarter. Citigroup Inc. now owns 213,209 shares of the real estate investment trust’s stock worth $15,210,000 after acquiring an additional 30,489 shares in the last quarter. Finally, Cerity Partners LLC boosted its stake in Equity LifeStyle Properties by 43.5% during the third quarter. Cerity Partners LLC now owns 81,540 shares of the real estate investment trust’s stock worth $5,817,000 after acquiring an additional 24,727 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity LifeStyle Properties Price Performance

ELS opened at $68.01 on Tuesday. The firm’s fifty day moving average price is $66.89 and its two-hundred day moving average price is $68.76. The company has a market capitalization of $13.00 billion, a price-to-earnings ratio of 34.87, a P/E/G ratio of 3.02 and a beta of 0.79. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03. Equity LifeStyle Properties, Inc. has a 1 year low of $59.82 and a 1 year high of $76.60.

Equity LifeStyle Properties (NYSE:ELS) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.76. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. As a group, analysts anticipate that Equity LifeStyle Properties, Inc. will post 3.07 earnings per share for the current fiscal year.

Equity LifeStyle Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.03%. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 28th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 105.64%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ELS. Royal Bank of Canada dropped their price objective on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and increased their price target for the stock from $66.00 to $73.00 in a report on Tuesday, January 21st. Jefferies Financial Group upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and boosted their price objective for the company from $72.00 to $80.00 in a report on Thursday, January 2nd. Truist Financial upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Finally, Robert W. Baird boosted their price target on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $73.78.

Equity LifeStyle Properties Company 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.