As of Thursday close, Equity LifeStyle Properties Inc.’s (NYSE:ELS) stock was down -$0.96, moving down -1.42 percent to $66.68. The average number of shares traded per day over the past five days has been 1,473,960 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.37 fall in that time frame. In the last twenty days, the average volume was 1,086,555, while in the previous 50 days, it was 1,962,348.
Since last month, ELS stock rose 1.26%. Shares of the company fell to $64.65 on 09/11/23, the lowest level in the past month. A 52-week high of $74.40 was reached on 02/02/23 after having rallying from a 52-week low of $56.88. Since the beginning of this year, ELS’s stock price has risen by 3.22% or $2.08, and marked a new high 8 times. However, the stock has declined by -10.38% since its 52-week high.
Valuation Metrics
Right now, Equity LifeStyle Properties Inc. (ELS) has a P/E ratio of about 45.61. The stock’s beta is 0.70. Besides these, the trailing price-to-sales (P/S) ratio of 8.54, the price-to-book (PB) ratio of 8.66, and the price-to-cash flow ratio of 92.78 may also be considered.
The latest dividend of $0.4470 per share was paid out, remained unchanged from last year’s $0.4470.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.41, and the total debt-to-equity ratio was 2.41. On the profitability front, the trailing twelve-month gross margin is 49.90% percent. In the year ended June 29, operating margins totaled 28.70%. Based on annual data, ELS earned $421.83 million in gross profit and brought in $1.45 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 8.30%. Return on equity (ROE) for the past 12 months was 19.80%.
In Equity LifeStyle Properties Inc.’s quarter-end financial report for June 29, it reported total debt of $2.75 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ELS’s revenue rose 1.27% to $369.95 million during the quarter, while net income inched up to $370.01 million. While analysts expected Equity LifeStyle Properties Inc. to report $0.35 quarterly earnings, the actual figure was $0.34 per share, beating the consensus estimate by -2.90%. During the quarter, the company generated $152.19 million in EBITDA. The value of shareholders’ equity is $186.28 million.
Technical Picture
This quick technical analysis looks at Equity LifeStyle Properties Inc.’s (ELS) price momentum. With a historical volatility rate of 17.34%, the RSI 9-day stood at 50.00% on 21 September.
With respect to its five-day moving average, the current Equity LifeStyle Properties Inc. price is down by -0.55% percent or -$0.37. At present, ELS shares trade -0.60% below its 20-day simple moving average and -3.22% percent below its 100-day simple moving average. However, the stock is currently trading approximately -0.74% below its SMA50 and +0.91% above its SMA200.
Stochastic coefficient K was 70.18% and Stochastic coefficient D was 68.84%, while ATR was 1.19. Given the Stochastic reading of 60.71% for the 14-day period, the RSI (14) reading has been calculated as 48.70%. As of today, the MACD Oscillator reading stands at 0.40, while the 14-day reading stands at 0.62.
Analyst Ratings
Equity LifeStyle Properties Inc. downgraded its rating on Equity LifeStyle Properties Inc. (NYSE: ELS) to an Equal weight in a note to investors on September 05, 2023. The analysts firm previously had an Overweight rating on the stock.Equity LifeStyle Properties Inc. (ELS) has been rated Overweight by analysts. According to 0 brokerage firms, ELS is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Equity LifeStyle Properties Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $76.00, the current consensus forecast for the stock is $68.00 – $82.00. Based on these forecasts, analysts predict Equity LifeStyle Properties Inc. (ELS) will achieve an average price target of $75.23.
