Equity Lifestyle Properties, Inc. (NYSE:ELS) saw Australia-based investment firm Revolution Capital Ltd. reduce its stake in the company by 5.84 percent in Q3.
With the reduction, Revolution Capital still holds a sizable 1.01 million-share stake in ELS valued at $77.7 million. ELS has a current market cap of $6 billion, and has seen its stock price decline 1.89 percent since May and underperform the S&P 500 by over eight percent.
According to the Chester Independent, analysts are pointing to the next ELS earnings report on January, 23, where they expect $0.80 earnings per share (EPS), up 8.11 percent or $0.06 from last year’s $0.74 per share.
ELS’s profit will be $69.12M for 21.70 P/E if the $0.80 EPS becomes a reality. After $0.83 actual EPS reported for the previous quarter, Wall Street now forecasts -3.61 percent negative EPS growth.
Analysts have also provided ratings guidance recently:
- Robert W. Baird upgraded ELS on November 21 to “outperform.”
- BB&T Capital provided a “hold” rating on November 10.
- Zacks provided a “buy” rating on September 7th.
The Daily Business News recently profiled ELS and their Q3 earnings results 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.)
(Image credits are as shown above.)
Submitted by RC Williams to the Daily Business News for MHProNews.