Wespac Advisors buys $620,037 stake in Equity Lifestyle Properties (ELS)

Equity Lifestyle Properties (ELS) : Wespac Advisors scooped up 1,046 additional shares in Equity Lifestyle Properties during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 7,688 shares of Equity Lifestyle Properties which is valued at $620,037.Equity Lifestyle Properties makes up approximately 0.63% of Wespac Advisors’s portfolio.

Other Hedge Funds, Including , Boston Advisors added ELS to its portfolio by purchasing 15,170 company shares during the most recent quarter which is valued at $1,223,461. Equity Lifestyle Properties makes up approx 0.03% of Boston Advisors’s portfolio.New York State Teachers Retirement System boosted its stake in ELS in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 2,600 shares of Equity Lifestyle Properties which is valued at $210,158.

Equity Lifestyle Properties opened for trading at $81.67 and hit $82.91 on the upside on Friday, eventually ending the session at $82.24, with a gain of 0.60% or 0.49 points. The heightened volatility saw the trading volume jump to 4,98,658 shares. Company has a market cap of $7,015 M.

On the company’s financial health, Equity Lifestyle Properties reported $0.75 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 18, 2016. Analyst had a consensus of $0.74. The company had revenue of $210.10 million for the quarter, compared to analysts expectations of $196.85 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS.

Equity LifeStyle Properties Inc. (ELS) is a real estate investment trust (REIT). The Company is an owner and operator of lifestyle-oriented properties (Properties). The Company leases individual developed areas (Sites) with access to utilities for placement of factory built homes cottages cabins or recreational vehicles (RVs). The Company operates in two segments: Property Operations and Home Sales and Rental Operations. The Property Operations owns and operates land lease Properties and the Home Sales and Rental Operations purchases sells and leases homes at the Properties. The Company has partnership with MHC Operating Limited. As of December 31 2014 the Company owned an ownership interest in a portfolio of 384 Properties located throughout the United States and Canada containing 143113 residential Sites.

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