December 1, 2016 - By Peter Erickson · 0 Comments
Equity Lifestyle Properties Inc (NYSE:ELS) institutional sentiment decreased to 0.95 in Q2 2016. Its down -0.02, from 0.97 in 2016Q1. The ratio dropped, as 103 investment professionals increased and started new stock positions, while 106 reduced and sold their equity positions in Equity Lifestyle Properties Inc. The investment professionals in our partner’s database reported: 78.33 million shares, up from 78.08 million shares in 2016Q1. Also, the number of investment professionals holding Equity Lifestyle Properties Inc in their top 10 stock positions increased from 2 to 4 for an increase of 2. Sold All: 15 Reduced: 91 Increased: 80 New Position: 23.
Equity LifeStyle Properties, Inc. is a real estate investment trust. The company has a market cap of $5.74 billion. The Firm is an integrated owner and operator of lifestyle-oriented properties consisting primarily of manufactured home (MH) communities, and recreational vehicle (RV) resorts and campgrounds. It has a 36.04 P/E ratio. The Firm operates through two divisions: Property Operations, and Home Sales and Rentals Operations.
About 363,352 shares traded hands. Equity Lifestyle Properties, Inc. (NYSE:ELS) has declined 0.60% since April 28, 2016 and is downtrending. It has underperformed by 6.53% the S&P500.
Analysts await Equity Lifestyle Properties, Inc. (NYSE:ELS) to report earnings on January, 23. They expect $0.80 EPS, up 8.11% or $0.06 from last year’s $0.74 per share. ELS’s profit will be $67.10 million for 21.39 P/E if the $0.80 EPS becomes a reality. After $0.83 actual EPS reported by Equity Lifestyle Properties, Inc. for the previous quarter, Wall Street now forecasts -3.61% negative EPS growth.
According to Zacks Investment Research, “Equity Lifestyle Properties, Inc. is a self-administered, self-managed, real estate investment trust.”
Resolution Capital Ltd holds 5.63% of its portfolio in Equity Lifestyle Properties, Inc. for 1.07 million shares. Irving Magee Investment Management owns 141,811 shares or 5.54% of their US portfolio. Moreover, First Western Capital Management Co has 3.83% invested in the company for 130,859 shares. The New York-based Waterfront Capital Partners Llc has invested 2.41% in the stock. Independent Order Of Foresters, a Ontario – Canada-based fund reported 29,956 shares.#img1#
Ratings analysis reveals 67% of Equity Lifestyle Properties’s analysts are positive. Out of 3 Wall Street analysts rating Equity Lifestyle Properties, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $61 while the high is $78. The stock’s average target of $69.88 is 2.10% above today’s ($68.44) share price. ELS was included in 7 notes of analysts from August 25, 2015. BB&T Capital initiated Equity Lifestyle Properties, Inc. (NYSE:ELS) on Tuesday, November 10 with “Hold” rating. Zacks downgraded the shares of ELS in a report on Tuesday, August 25 to “Buy” rating. The stock has “Outperform” rating given by Robert W. Baird on Monday, November 21. Zacks upgraded Equity Lifestyle Properties, Inc. (NYSE:ELS) on Monday, September 7 to “Buy” rating. The firm has “Neutral” rating given on Wednesday, October 21 by Robert W. Baird.
Equity LifeStyle Properties, Inc., incorporated on December 4, 1992, is a real estate investment trust. The Firm is an integrated owner and operator of lifestyle-oriented properties (Properties) consisting primarily of manufactured home (MH) communities, and recreational vehicle (RV) resorts and campgrounds. The Firm operates through two divisions: Property Operations, and Home Sales and Rentals Operations. The Property Operations segment owns and operates land lease Properties. The Home Sales and Rentals Operations segment purchases, sells and leases homes at the Properties. The Company’s clients may lease individual developed areas (Sites) or enter right-to-use contracts, which provide them access to specific Properties for limited stays. The Company’s portfolio includes approximately 390 Properties, including over 143,940 residential Sites located across the United States and Canada. The Firm has over 80 Properties with lake, river or ocean frontage, and over 100 Properties within approximately 10 miles of the coastal United States.
More important recent Equity Lifestyle Properties, Inc. (NYSE:ELS) news were published by: Forbes.com which released: “Equity Lifestyle Properties Reaches Analyst Target Price” on August 23, 2016, also Forbes.com published article titled: “Relative Strength Alert For Equity Lifestyle Properties”, Forbes.com published: “Ex-Dividend Reminder: Equity Lifestyle Properties, Fifth Third Bancorp and EPR …” on September 26, 2016. More interesting news about Equity Lifestyle Properties, Inc. (NYSE:ELS) was released by: Nasdaq.com and their article: “Equity Lifestyle Properties is Oversold” with publication date: November 10, 2016.
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By Peter Erickson