The stock of Equity Lifestyle Properties, Inc. (ELS) formed H&S with $66.04 target or 6.00% below today’s $70.26 share price. The 5 months Head & Shoulders indicates high risk for the $5.97B company. It was reported on Dec, 7 by Faxor.com. If the $66.04 price target is reached, the company will be worth $358.20M less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%. About 105,645 shares traded hands. Equity Lifestyle Properties, Inc. (NYSE:ELS) has declined 3.93% since May 4, 2016 and is downtrending. It has underperformed by 11.78% the S&P500.
Analysts await Equity Lifestyle Properties, Inc. (NYSE:ELS) to report earnings on January, 23. They expect $0.80 earnings per share, up 8.11% or $0.06 from last year’s $0.74 per share. ELS’s profit will be $67.98M for 21.96 P/E if the $0.80 EPS becomes a reality. After $0.83 actual earnings per share reported by Equity Lifestyle Properties, Inc. for the previous quarter, Wall Street now forecasts -3.61% negative EPS growth.
Equity Lifestyle Properties, Inc. (NYSE:ELS) Ratings Coverage
Out of 3 analysts covering Equity Lifestyle Properties (NYSE:ELS), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Equity Lifestyle Properties has been the topic of 7 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The stock of Equity Lifestyle Properties, Inc. (NYSE:ELS) earned “Neutral” rating by Robert W. Baird on Wednesday, October 21. BB&T Capital initiated it with “Hold” rating and $67.50 target price in Tuesday, November 10 report. The firm has “Outperform” rating by Robert W. Baird given on Monday, November 21. The firm has “Buy” rating given on Tuesday, August 25 by Zacks. The firm has “Buy” rating by Zacks given on Monday, September 7.
According to Zacks Investment Research, “Equity Lifestyle Properties, Inc. is a self-administered, self-managed, real estate investment trust.”
Insitutional Activity: The institutional sentiment decreased to 0.95 in Q3 2016. Its down 0.02, from 0.97 in 2016Q2. The ratio turned negative, as 23 funds sold all Equity Lifestyle Properties, Inc. shares owned while 87 reduced positions. 25 funds bought stakes while 79 increased positions. They now own 79.16 million shares or 1.07% more from 78.33 million shares in 2016Q2.
Phocas has 13,015 shares for 0.07% of their US portfolio. Wolverine Asset Limited Liability Corporation accumulated 2,654 shares or 0% of the stock. Moreover, Resolution Cap Limited has 4.98% invested in Equity Lifestyle Properties, Inc. (NYSE:ELS) for 1.01M shares. Price T Rowe Assoc Inc Md holds 0.01% or 506,145 shares in its portfolio. Nationwide Fund reported 56,057 shares or 0.02% of all its holdings. The Georgia-based Suntrust Banks has invested 0% in Equity Lifestyle Properties, Inc. (NYSE:ELS). Moreover, Hsbc Public Limited Liability Corporation has 0.01% invested in Equity Lifestyle Properties, Inc. (NYSE:ELS) for 40,978 shares. Pioneer Investment last reported 38,000 shares in the company. Ibm Retirement Fund has 7,274 shares for 0.03% of their US portfolio. New York State Common Retirement Fund, a New York-based fund reported 189,987 shares. Qs Invsts Ltd Liability Co accumulated 118,787 shares or 0.07% of the stock. Schwab Charles Management Inc owns 1.13M shares or 0.1% of their US portfolio. The New Mexico-based New Mexico Educational Retirement Board has invested 0.05% in Equity Lifestyle Properties, Inc. (NYSE:ELS). Virginia Retirement System Et Al, a Virginia-based fund reported 98,056 shares. Ladenburg Thalmann Svcs Incorporated owns 2,176 shares or 0% of their US portfolio.
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.