Last Updated: 16 Sep 2024
Executive Summary
Equity Lifestyle Properties Inc. (ELS) is a self-managed real estate investment trust (REIT) that owns and operates manufactured home communities and RV parks. The company has a market capitalization of $14.9 billion and is listed on the NYSE. ELS has a strong financial position with a trailing PE ratio of 39.71 and a forward PE ratio of 40.65. The company's dividend yield is 0.025%.
Company Overview
ELS was founded in 1972 and is headquartered in Chicago, Illinois. The company owns and operates over 430 manufactured home communities and RV parks in 32 states and Canada. ELS's communities are located in desirable locations and offer a variety of amenities, including swimming pools, fitness centers, and clubhouses.
Fundamental Analysis
ELS has a strong financial performance. The company's revenue has grown by an average of 5% over the past five years. In 2023, ELS reported revenue of $1.5 billion and net income of $345 million. The company's profit margin is 23.5% and its operating margin is 29.8%.
ELS has a strong balance sheet. The company has $2.5 billion in cash and equivalents and $4.5 billion in debt. ELS's debt-to-equity ratio is 0.58, which is below the industry average.
Technical Analysis
ELS's stock price has been trading in a range between $59.2 and $76.47 over the past 52 weeks. The stock is currently trading at $76.25, which is near the high end of its range. The stock's 50-day moving average is $69.91 and its 200-day moving average is $66.85.
Short Term Outlook
ELS's stock price is likely to continue to trade in a range in the short term. The stock's technical indicators are mixed, with the 50-day moving average above the 200-day moving average but the stock price below its 52-week high.
Long Term Outlook
ELS's long-term outlook is positive. The company's strong financial performance and favorable industry trends are expected to drive continued growth in the years to come. ELS is a well-managed company with a strong track record of success.
Analyst Recommendations
Analysts have a mixed view on ELS. Three analysts have a strong buy rating on the stock, one analyst has a buy rating, and nine analysts have a hold rating. The average analyst target price is $71.31.
