First Western Capital Management Co Lowers stake in Equity Lifestyle Properties (ELS)

Equity Lifestyle Properties (ELS) : First Western Capital Management Co reduced its stake in Equity Lifestyle Properties by 1.73% during the most recent quarter end. The investment management company now holds a total of 136,142 shares of Equity Lifestyle Properties which is valued at $9,415,581 after selling 2,397 shares in Equity Lifestyle Properties , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Equity Lifestyle Properties makes up approximately 3.29% of First Western Capital Management Co’s portfolio.

Equity Lifestyle Properties opened for trading at $69 and hit $69.47 on the upside on Friday, eventually ending the session at $69.16, with a gain of 0.76% or 0.52 points. The heightened volatility saw the trading volume jump to 2,82,273 shares. Company has a market cap of $5,851 M.

Other Hedge Funds, Including , Next Financial Group Inc added ELS to its portfolio by purchasing 106 company shares during the most recent quarter which is valued at $7,331. New York State Teachers Retirement System added ELS to its portfolio by purchasing 2,000 company shares during the most recent quarter which is valued at $138,320.Manning Napier Advisors reduced its stake in ELS by selling 374 shares or 0.51% in the most recent quarter. The Hedge Fund company now holds 73,413 shares of ELS which is valued at $5,180,755. Equity Lifestyle Properties makes up approx 0.03% of Manning Napier Advisors’s portfolio.Beese Fulmer Investment Management boosted its stake in ELS in the latest quarter, The investment management firm added 310 additional shares and now holds a total of 3,310 shares of Equity Lifestyle Properties which is valued at $233,587. Equity Lifestyle Properties makes up approx 0.07% of Beese Fulmer Investment Management’s portfolio. Proficio Capital Partners added ELS to its portfolio by purchasing 20 company shares during the most recent quarter which is valued at $1,413.

On the company’s financial health, Equity Lifestyle Properties reported $0.92 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 18, 2016. Analyst had a consensus of $0.89. The company had revenue of $220.10 million for the quarter, compared to analysts expectations of $207.05 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 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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