Pensionfund Dsm Netherlands Exits Position in Equity Lifestyle Properties (ELS)

Equity Lifestyle Properties (ELS) : Pensionfund Dsm Netherlands has sold out all of its stake in Equity Lifestyle Properties during the most recent quarter, according to a report filed by the company on Apr 4, 2016 with the SEC. The investment management company has sold out 16,500 shares of Equity Lifestyle Properties which is valued at $1.2 Million.

Other Hedge Funds, Including , Pensionfund Sabic sold out all of its stake in ELS during the most recent quarter. The investment firm sold 6,500 shares of ELS which is valued $459,225.

On the company’s financial health, Equity Lifestyle Properties reported $0.74 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jan 25, 2016. Analyst had a consensus of $0.75. The company had revenue of $201.60 million for the quarter, compared to analysts expectations of $188.81 million. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

Equity Lifestyle Properties closed down -0.51 points or -0.72% at $70.65 with 2,17,642 shares getting traded on Monday. Post opening the session at $71.31, the shares hit an intraday low of $70.64 and an intraday high of $71.51 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

Leave a Reply

Equity Lifestyle Properties - Is it time to Sell?

Top Brokerage Firms are advising their investors on Equity Lifestyle Properties. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.