United Services Automobile Association Sells 449 Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS)

United Services Automobile Association trimmed its stake in shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) by 3.6% in the fourth quarter, according to the company in its most recent filing with the SEC. 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 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its position in Equity LifeStyle Properties by 43.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 564 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 171 shares during the period. Carmel Capital Partners LLC lifted its holdings in shares of Equity LifeStyle Properties by 3.6% during the 4th quarter. Carmel Capital Partners LLC now owns 6,533 shares of the real estate investment trust’s stock worth $435,000 after acquiring an additional 230 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of Equity LifeStyle Properties by 1.0% during the 4th quarter. Corient Private Wealth LLC now owns 22,861 shares of the real estate investment trust’s stock worth $1,523,000 after acquiring an additional 230 shares during the period. HighTower Advisors LLC increased its stake in Equity LifeStyle Properties by 2.1% in the fourth quarter. HighTower Advisors LLC now owns 11,446 shares of the real estate investment trust’s stock valued at $762,000 after acquiring an additional 238 shares during the last quarter. Finally, iA Global Asset Management Inc. raised its position in Equity LifeStyle Properties by 7.2% during the fourth quarter. iA Global Asset Management Inc. now owns 3,800 shares of the real estate investment trust’s stock valued at $253,000 after purchasing an additional 256 shares in the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Equity LifeStyle Properties Stock Down 0.7 %

Shares of NYSE ELS opened at $68.01 on Tuesday. The company has a 50 day simple moving average of $66.89 and a 200 day simple moving average of $68.76. 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. The firm has a market cap of $13.00 billion, a PE ratio of 34.87, a price-to-earnings-growth ratio of 3.02 and a beta of 0.79.

Equity LifeStyle Properties (NYSE:ELS) last released its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. On average, research analysts forecast that Equity LifeStyle Properties, Inc. will post 3.07 EPS for the current year.

Equity LifeStyle Properties Increases Dividend

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

Wall Street Analyst Weigh In

ELS has been the topic of a number of research analyst reports. Truist Financial raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Evercore ISI reduced their price objective on Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating on the stock in a research note on Tuesday, January 28th. Robert W. Baird boosted their target price on Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Jefferies Financial Group upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and raised their price target for the company from $72.00 to $80.00 in a research note on Thursday, January 2nd. Finally, Royal Bank of Canada lowered their price objective on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.