Equity Lifestyle Properties (ELS) Investor Action

Credit: Seeking Alpha.

Investors are making moves in their positions of Equity Lifestyle Properties Inc. (NYSE: ELS), led by Waterfront Capital Partners LLC, which purchased a new position in the company during the second quarter.

Waterfront Capital Partners purchased 189,000 shares valued at approximately $15,129,000.

Other ELS investor moves include:

  • Checchi Capital Advisers LLC increased its position by 90.8 percent in the second quarter;
  • New York State Teachers Retirement System increased its position by 30 percent in the second quarter;
  • First Midwest Bank Trust Division purchased a new position in ELS during the second quarter worth about $200,000;
  • Janney Montgomery Scott LLC increased its position by 1.3 percent in the second quarter.

According to AR News, Equity LifeStyle Properties share price is up 3.52 percent over the last month, 4.12 percent over the last quarter, and 2.41 year to date.

ELS 1 year look. Credit: Bloomberg.

As the Daily Business News previously reported, ELS updated its FY17 earnings guidance on November 29th, providing new guidance of $3.45-3.55 for the period, compared to the Thomson Reuters consensus earnings per share (EPS) estimate of $3.53. The company also updated its Q4 guidance to $0.75-0.81 EPS.

Marguerite Nader, ELS.

Each year, we finish our budget process in October and provide detailed projections for the following year,” ELS CEO Marguerite Nader commented at the time.

We have issued guidance of $3.50 for next year, which is a 6.6% growth in FFO per share. Certain line items like seasonal and transient activity require more visibility to be able to forecast with more accuracy. As is our practice, we will update guidance each quarter as we have more knowledge about reservations at the property level.

ELS Q3 earnings report is linked here.

As manufactured housing professionals, investors and enthusiasts know, ELS is a REIT – a Real Estate Investment Trust – and is one of the largest owner/operators of manufactured home communities and RV parks in the nation. ELS is also one of the manufactured home industry connected stocks tracked every business day by the Daily Business News, with the most recent report, linked here. ##

(Editor’s Note: for A Cup of Coffee interview with ELS CEO Nader, click here.

Sam Zell, ELS Chair, credits, MHProNews.

Sam Zell on Donald Trump’s victory, click here.)


(Image credits are as shown above.)


RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

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