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 3.88% during the most recent quarter end. The investment management company now holds a total of 130,859 shares of Equity Lifestyle Properties which is valued at $10,560,321 after selling 5,283 shares in Equity Lifestyle Properties , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.Equity Lifestyle Properties makes up approximately 3.76% of First Western Capital Management Co’s portfolio.

Other Hedge Funds, Including , Davenport Co reduced its stake in ELS by selling 174,691 shares or 31.0% in the most recent quarter. The Hedge Fund company now holds 388,896 shares of ELS which is valued at $31,383,907. Equity Lifestyle Properties makes up approx 0.47% of Davenport Co’s portfolio.Curian Capital reduced its stake in ELS by selling 12,138 shares or 62.91% in the most recent quarter. The Hedge Fund company now holds 7,155 shares of ELS which is valued at $574,547. Equity Lifestyle Properties makes up approx 0.04% of Curian Capital’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in ELS by selling 814 shares or 6.44% in the most recent quarter. The Hedge Fund company now holds 11,826 shares of ELS which is valued at $949,628.

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.

On the company’s financial health, Equity Lifestyle Properties reported $0.75 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 18, 2016. Analyst had a consensus of $0.74. The company had revenue of $210.10 million for the quarter, 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 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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