For the third quarter, 2015, MHProNews has learned from moneyflowindex that manufactured community owner Equity LifeStyle Properties (NYSE:ELS) reported earnings per share (EPS) of $0.77, beating analysts’ consensus estimate by $.01. For the same quarter in 2014 EPS was $0.69. Compared to the same quarter last year, revenue was up 4.6 percent, with revenue hitting $210.10 million, above analysts expectations of $197.79 million.
Company shares have increased 36.87 percent in the last year. The 52-week low for shares is $43.38, the 52-week high is $61.88, although shares finished trading Oct. 2, 2015 at $62.00. The 50-day moving average price is $57.86, the 200-day moving average is $55.72, and the company has a market cap of $5,191 million.
Currently insiders own about ten percent of ELS and institutional investors own 90 percent. Heightened volatility for ELS shares on Friday, Oct. 16, 2015 led to trading volume of 233,398 shares. Total annual revenue is $776.8 million, and net annual income is $128 million.
As MHProNews knows, ELS is the largest owner of manufactured home and recreational vehicle community home sites in the U. S. and Canada with nearly 140,000, comprising over 370 total communities. ##
(Photo credit: Equity LifeStyle Properties-Colony Cove MHC, Ellenton, Florida)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.