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Assetmark Increases Stake in Equity LifeStyle Properties

February 23rd, 2016 Comments off

equity_lifestyle_prop__hilltopmhc__credit_for_graph_feb_22_2016According to hilltopmhc, Assetmark increased its stock in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 74,692 shares and now holds 89,260 shares with a value of $5,228,220. It increased its hold by 512.7% and now represents 0.11% ownership.

The stock’s 200-day moving average is $61.60 with a 50-day moving average of $66.18. The 52-week high is $69.86. It closed at $69.70 yesterday, Feb. 22 after a steady upward trajectory over the last 200 days. The company has a market cap of $5.87 billion and a P/E ratio of 45.26.

In its last quarterly earnings report for Q4 2015, ELS missed analysts expectations by one penny per share, but had revenue of $12.69 million more than analysts consensus estimates.

As MHProNews knows, ELS has a controlling interest in over 370 manufactured home and recreational vehicle communities comprised of 140,000 plus home sites in 32 states and British Columbia, Canada. It is a real estate investment trust (REIT). ##

(Graphic credit: hilltopmhc–ELS 200-day moving average)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.