Equity Lifestyle Properties (ELS) reported quarterly earnings results on Monday, Jul-18-2016. The company said it had a profit of $0.75 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.74. The company posted revenue of $210.10 million in the period, 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 opened for trading at $79.57 and hit $80.48 on the upside on Friday, eventually ending the session at $80.42, with a gain of 0.45% or 0.36 points. The heightened volatility saw the trading volume jump to 6,75,181 shares. Company has a market cap of $6,803 M.
In a different news, on Jun 13, 2016, Roger Maynard (EVP – Investments) sold 15,000 shares at $71.64 per share price. According to the SEC, on Jun 24, 2015, David J Contis (director) sold 5,000 shares at $53.65 per share price. On Mar 24, 2015, Howard Walker (Vice Chairman of the Board) sold 6,000 shares at $57.75 per share price, according to the Form-4 filing with the securities and exchange commission.
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.