Inceptionr LLC Acquires Shares of 25,981 Equity Lifestyle Properties, Inc. $ELS

Inceptionr LLC acquired a new stake in Equity Lifestyle Properties, Inc. (NYSE:ELS) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 25,981 shares of the real estate investment trust’s stock, valued at approximately $1,575,000. Equity Lifestyle Properties comprises approximately 0.4% of Inceptionr LLC’s holdings, making the stock its 24th largest holding.

A number of other hedge funds have also recently bought and sold shares of ELS. Empowered Funds LLC boosted its position in Equity Lifestyle Properties by 14.1% in the 1st quarter. Empowered Funds LLC now owns 6,516 shares of the real estate investment trust’s stock valued at $435,000 after buying an additional 804 shares during the last quarter. Jane Street Group LLC boosted its position in Equity Lifestyle Properties by 598.5% in the 1st quarter. Jane Street Group LLC now owns 119,397 shares of the real estate investment trust’s stock valued at $7,964,000 after buying an additional 102,303 shares during the last quarter. Intech Investment Management LLC boosted its position in shares of Equity Lifestyle Properties by 62.3% in the 1st quarter. Intech Investment Management LLC now owns 23,114 shares of the real estate investment trust’s stock worth $1,542,000 after purchasing an additional 8,873 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Equity Lifestyle Properties by 111.0% in the 2nd quarter. Cetera Investment Advisers now owns 10,122 shares of the real estate investment trust’s stock worth $624,000 after purchasing an additional 5,325 shares during the last quarter. Finally, Gamco Investors INC. ET AL bought a new position in shares of Equity Lifestyle Properties in the 2nd quarter worth $300,000. 97.21% of the stock is currently owned by institutional investors.

Insider Activity

In other Equity Lifestyle Properties news, Director David J. Contis sold 3,000 shares of Equity Lifestyle Properties stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $67.22, for a total value of $201,660.00. Following the sale, the director owned 14,890 shares of the company’s stock, valued at $1,000,905.80. This trade represents a 16.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on ELS shares. Zelman & Associates started coverage on Equity Lifestyle Properties in a research report on Monday, March 16th. They issued an “underperform” rating and a $59.25 price target on the stock. Wall Street Zen upgraded Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Robert W. Baird raised their price target on Equity Lifestyle Properties from $73.00 to $74.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company reduced their price target on Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Monday, June 1st. Finally, Mizuho started coverage on Equity Lifestyle Properties in a research report on Tuesday, March 31st. They issued an “outperform” rating and a $72.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.20.

Equity Lifestyle Properties Stock Performance

ELS opened at $64.44 on Thursday. The business’s 50-day moving average price is $63.14 and its two-hundred day moving average price is $63.61. Equity Lifestyle Properties, Inc. has a 1 year low of $58.15 and a 1 year high of $69.00. The company has a market capitalization of $12.50 billion, a price-to-earnings ratio of 32.22, a P/E/G ratio of 3.85 and a beta of 0.67. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.04 and a quick ratio of 0.04.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.28). Equity Lifestyle Properties had a net margin of 24.99% and a return on equity of 21.22%. The firm had revenue of $397.62 million during the quarter, compared to analyst estimates of $395.71 million. During the same period in the prior year, the business earned $0.57 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts expect that Equity Lifestyle Properties, Inc. will post 3.18 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be paid a $0.5425 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $2.17 annualized dividend and a dividend yield of 3.4%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 108.50%.

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.