Perkins Investment Management buys $106,431,680 stake in Equity Lifestyle Properties (ELS)

Equity Lifestyle Properties (ELS) : Perkins Investment Management scooped up 56,803 additional shares in Equity Lifestyle Properties during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,330,396 shares of Equity Lifestyle Properties which is valued at $106,431,680.Equity Lifestyle Properties makes up approximately 1.48% of Perkins Investment Management’s portfolio.

Other Hedge Funds, Including , Arrowstreet Capital Limited Partnership added ELS to its portfolio by purchasing 158,799 company shares during the most recent quarter which is valued at $12,703,920. Equity Lifestyle Properties makes up approx 0.05% of Arrowstreet Capital Limited Partnership’s portfolio.Nomura Asset Management Co Ltd boosted its stake in ELS in the latest quarter, The investment management firm added 245 additional shares and now holds a total of 49,964 shares of Equity Lifestyle Properties which is valued at $3,997,120. Equity Lifestyle Properties makes up approx 0.07% of Nomura Asset Management Co Ltd’s portfolio.Alliancebernstein boosted its stake in ELS in the latest quarter, The investment management firm added 16,799 additional shares and now holds a total of 98,486 shares of Equity Lifestyle Properties which is valued at $7,878,880. Equity Lifestyle Properties makes up approx 0.01% of Alliancebernstein’s portfolio. Rational Advisors added ELS to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $80,000. Equity Lifestyle Properties makes up approx 0.06% of Rational Advisors’s portfolio.Meeder Asset Management Inc reduced its stake in ELS by selling 938 shares or 22.54% in the most recent quarter. The Hedge Fund company now holds 3,224 shares of ELS which is valued at $260,596. Equity Lifestyle Properties makes up approx 0.02% of Meeder Asset Management Inc’s portfolio.

Equity Lifestyle Properties opened for trading at $79.5 and hit $79.95 on the upside on Wednesday, eventually ending the session at $79.95, with a gain of 0.50% or 0.4 points. The heightened volatility saw the trading volume jump to 244,067 shares. Company has a market cap of $6,819 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.

Investors should note that on Aug 9, 2016, Equity Lifestyle Properties announced a cash dividend of $0.4250. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 14, 2016.

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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