United Services Automobile Association Has $1 Million Holdings in Equity LifeStyle Properties, Inc. (NYSE:ELS)

United Services Automobile Association raised its position in Equity LifeStyle Properties, Inc. (NYSE:ELSFree Report) by 13.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,210 shares of the real estate investment trust’s stock after buying an additional 1,640 shares during the period. United Services Automobile Association’s holdings in Equity LifeStyle Properties were worth $1,002,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ELS. Norges Bank purchased a new stake in Equity LifeStyle Properties in the 4th quarter valued at about $455,623,000. Aristotle Capital Management LLC increased its stake in Equity LifeStyle Properties by 17.1% in the 3rd quarter. Aristotle Capital Management LLC now owns 11,536,605 shares of the real estate investment trust’s stock valued at $734,997,000 after buying an additional 1,681,198 shares during the last quarter. Boston Partners grew its position in shares of Equity LifeStyle Properties by 122.4% during the 4th quarter. Boston Partners now owns 2,728,675 shares of the real estate investment trust’s stock valued at $192,469,000 after acquiring an additional 1,501,692 shares during the period. Northern Trust Corp grew its position in shares of Equity LifeStyle Properties by 43.4% during the 3rd quarter. Northern Trust Corp now owns 1,926,497 shares of the real estate investment trust’s stock valued at $122,737,000 after acquiring an additional 583,317 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Equity LifeStyle Properties by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 24,909,450 shares of the real estate investment trust’s stock valued at $1,586,981,000 after acquiring an additional 472,855 shares during the period. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Price Performance

Shares of Equity LifeStyle Properties stock traded down $0.47 on Wednesday, hitting $60.78. 36,916 shares of the company traded hands, compared to its average volume of 1,233,184. The company has a market cap of $11.34 billion, a P/E ratio of 33.46, a P/E/G ratio of 3.55 and a beta of 0.70. The firm’s 50-day simple moving average is $62.79 and its 200 day simple moving average is $66.62. Equity LifeStyle Properties, Inc. has a 12-month low of $59.82 and a 12-month high of $74.04. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.33.

Equity LifeStyle Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a $0.477 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Friday, June 28th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 104.37%.

Analyst Upgrades and Downgrades

ELS has been the subject of a number of research reports. Barclays reduced their target price on shares of Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating for the company in a research report on Friday, April 26th. Wolfe Research raised shares of Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 price objective for the company in a report on Friday, February 9th. Deutsche Bank Aktiengesellschaft started coverage on shares of Equity LifeStyle Properties in a report on Tuesday, January 30th. They issued a “hold” rating and a $64.00 price objective for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $70.00 price objective on shares of Equity LifeStyle Properties in a report on Wednesday, January 31st. Finally, Truist Financial cut their price objective on shares of Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating for the company in a report on Thursday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $68.85.

Read Our Latest Report on ELS

Equity LifeStyle Properties Company Profile

(Free Report)

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.

See Also

Want to see what other hedge funds are holding ELS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity LifeStyle Properties, Inc. (NYSE:ELSFree Report).

Institutional Ownership by Quarter for Equity LifeStyle Properties (NYSE:ELS)

Receive News & Ratings for Equity LifeStyle Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity LifeStyle Properties and related companies with MarketBeat.com's FREE daily email newsletter.