Equity Lifestyle Properties Inc. (NYSE:ELS) finished Wednesday with a subtraction of -$1.64 to close at $63.81, a downside of -2.51 percent. An average of 1,207,860 shares of common stock have been traded in the last five days. There was a fall of -$3.83 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 1,153,655 shares traded, while the 50-day average volume stands at 1,940,330.
ELS stock has decreased by -4.40% in the last month. The company shares reached their 1-month lowest point of $63.53 on 09/27/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $56.88 and a high of $74.40 in 52 weeks. It has reached a new high 8 times so far this year and lost -1.22% or -$0.79 in price. In spite of this, the price is down -14.23% from the 52-week high.
Valuation Metrics
Equity Lifestyle Properties Inc. (ELS) has a trailing price-to-earnings (P/E) ratio of 41.59. The stock’s beta is 0.70. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.07, the price-to-book (PB) ratio at 8.30, and the price-to-cash flow ratio at 43.54.
Financial Health
Further, the company has a long term debt to equity ratio of 2.43 and a total debt to equity ratio of 2.43 for the quarter ending June 29. Its gross profit as reported stood at $421.83 million compared to revenue of $1.45 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Equity Lifestyle Properties Inc.’s return on assets was 5.20%.
Earnings Surprise
For the three-month period that ended June 29, Equity Lifestyle Properties Inc. had $2.75 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $62.92 million in the quarter, while revenues of $82.37 million were grew 2.24%. The analyst consensus anticipated Equity Lifestyle Properties Inc.’s latest quarter earnings to come in at $0.35 per share, but it turned out to be $0.34, a -2.90% surprise. For the quarter, EBITDA amounted to $152.19 million. At the end of the quarter ending June 29, Equity Lifestyle Properties Inc.’s stock balance sheet showed total debt was $3.48 billion. Shareholders own equity worth $186.28 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Equity Lifestyle Properties Inc. (ELS) price momentum. RSI 9-day as of the close on 27 September was 31.50%, suggesting the stock is Neutral, with historical volatility in this time frame at 21.64%.
As of today, ELS’s price is $65.87 -5.66% or -$3.83 from its 5-day moving average. ELS is currently trading -4.92% lower than its 20-day SMA and -6.12% lower than its 100-day SMA. However, the stock’s current price level is -3.24% below the SMA50 and -1.59% below the SMA200.
The stochastic %K and %D were 34.39% and 48.25%, respectively, and the average true range (ATR) was 1.37. With the 14-day stochastic at 6.27% and the average true range at 1.31, the RSI (14) stands at 35.83%. The stock has reached -0.90 on the 9-day MACD Oscillator while the 14-day reading was at -0.73.
Analyst Ratings
Wells Fargo downgraded Equity Lifestyle Properties Inc. (NYSE: ELS) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Equity Lifestyle Properties Inc. (ELS) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ELS, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 4 others rate it as a “buy”.
What is ELS’s price target for the next 12 months?
Analysts predict a range of price targets between $68.00 and $82.00, with a median target of $76.00. Taking a look at these predictions, the average price target given by analysts for Equity Lifestyle Properties Inc. (ELS) stock is $75.23.
