Stock Worth Watching: Is Equity Lifestyle Properties, Inc. a Sell? The Stock Declines Again

Stock Worth Watching: Is Equity Lifestyle Properties, Inc. a Sell? The Stock Declines Again

The stock of Equity Lifestyle Properties, Inc. (NYSE:ELS) is a huge mover today! The stock decreased 1.74% or $1.37 on September 30, hitting $77.18. Equity Lifestyle Properties, Inc. (NYSE:ELS) has risen 10.01% since February 29, 2016 and is uptrending. It has underperformed by 0.42% the S&P500.
The move comes after 6 months negative chart setup for the $6.62B company. It was reported on Oct, 1 by We have $71.01 PT which if reached, will make NYSE:ELS worth $529.60M less.

Analysts await Equity Lifestyle Properties, Inc. (NYSE:ELS) to report earnings on October, 17. They expect $0.83 earnings per share, up 7.79% or $0.06 from last year’s $0.77 per share. ELS’s profit will be $71.19 million for 23.25 P/E if the $0.83 EPS becomes a reality. After $0.75 actual earnings per share reported by Equity Lifestyle Properties, Inc. for the previous quarter, Wall Street now forecasts 10.67% EPS growth.

Equity Lifestyle Properties, Inc. (NYSE:ELS) Ratings Coverage

Out of 2 analysts covering Equity Lifestyle Properties (NYSE:ELS), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Equity Lifestyle Properties has been the topic of 5 analyst reports since August 25, 2015 according to StockzIntelligence Inc. Zacks upgraded Equity Lifestyle Properties, Inc. (NYSE:ELS) rating on Monday, September 7. Zacks has “Buy” rating and $61 price target. On Tuesday, November 10 the stock rating was initiated by BB&T Capital with “Hold”. On Wednesday, October 21 the stock rating was downgraded by Robert W. Baird to “Neutral”. The firm earned “Buy” rating on Tuesday, August 25 by Zacks.

According to Zacks Investment Research, “Equity Lifestyle Properties, Inc. is a self-administered, self-managed, real estate investment trust.”

Insitutional Activity: The institutional sentiment increased to 0.97 in Q2 2016. Its up 0.14, from 0.83 in 2016Q1. The ratio is positive, as 15 funds sold all Equity Lifestyle Properties, Inc. shares owned while 91 reduced positions. 23 funds bought stakes while 80 increased positions. They now own 78.33 million shares or 0.32% more from 78.08 million shares in 2016Q1.
The Pennsylvania-based Vanguard Group Inc has invested 0.06% in Equity Lifestyle Properties, Inc. (NYSE:ELS). Rafferty Asset Mngmt Limited has 8,244 shares for 0.04% of their US portfolio. Morgan Stanley accumulated 0.01% or 504,304 shares. Alpine Woods Invsts Lc last reported 28,900 shares in the company. Clarivest Asset Management Limited Liability Corp last reported 21 shares in the company. Amp Cap Limited holds 0.84% of its portfolio in Equity Lifestyle Properties, Inc. (NYSE:ELS) for 1.60M shares. Sei Invests has 181,266 shares for 0.09% of their US portfolio. Nationwide Fund Advsr accumulated 0.02% or 57,250 shares. Renaissance Tech Limited Liability Company, a New York-based fund reported 1.07 million shares. The Texas-based Next Grp has invested 0% in Equity Lifestyle Properties, Inc. (NYSE:ELS). Piermont Capital Mgmt Incorporated owns 8,980 shares or 0.19% of their US portfolio. Blackrock Fund Advsr has 1.97 million shares for 0.03% of their US portfolio. Janus Capital Ltd Company holds 0.02% of its portfolio in Equity Lifestyle Properties, Inc. (NYSE:ELS) for 344,200 shares. Beese Fulmer Management has invested 0.08% of its portfolio in Equity Lifestyle Properties, Inc. (NYSE:ELS). The Massachusetts-based Anchor Cap Advsr Ltd Limited Liability Company has invested 0.01% in Equity Lifestyle Properties, Inc. (NYSE:ELS).

More notable recent Equity Lifestyle Properties, Inc. (NYSE:ELS) news were published by: which released: “Ex-Dividend Reminder: Equity Lifestyle Properties, Fifth Third Bancorp and EPR …” on September 26, 2016, also with their article: “Equity Lifestyle Properties Reaches Analyst Target Price” published on August 23, 2016, published: “Equity Lifestyle Properties, Inc. (ELS) Ex-Dividend Date Scheduled for …” on September 27, 2016. More interesting news about Equity Lifestyle Properties, Inc. (NYSE:ELS) were released by: and their article: “This is Chicago’s best-performing REIT” published on February 13, 2016 as well as‘s news article titled: “A Margin Of Safety With Equity Lifestyle?” with publication date: March 23, 2016.

ELS Company Profile

Equity LifeStyle Properties, Inc., incorporated on December 4, 1992, is a real estate investment trust. The Firm is an integrated owner and operator of lifestyle-oriented properties (Properties) consisting primarily of manufactured home (MH) communities, and recreational vehicle (RV) resorts and campgrounds. The Firm operates through two divisions: Property Operations, and Home Sales and Rentals Operations. The Property Operations segment owns and operates land lease Properties. The Home Sales and Rentals Operations segment purchases, sells and leases homes at the Properties. The Company’s clients may lease individual developed areas (Sites) or enter right-to-use contracts, which provide them access to specific Properties for limited stays. The Company’s portfolio includes approximately 390 Properties, including over 143,940 residential Sites located across the United States and Canada. The Firm has over 80 Properties with lake, river or ocean frontage, and over 100 Properties within approximately 10 miles of the coastal United States.

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