The stock of Equity Lifestyle Properties Inc. (NYSE: ELS) has increased by 1.09 when compared to last closing price of 60.29. Despite this, the company has experienced a -0.60% fall in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-28 that U.S. equity markets rebounded from their worst weekly decline in a year despite a continued uplift in benchmark interest rates, as a solid start to earnings season counteracted disappointing economic data. Ahead of the Fed’s policy meeting in the week ahead, markets were confounded – albeit temporarily – by a “jarring” GDP report that showed a return of “stagflationary” trends. Defying the macro headwinds to post its best week since November, the S&P 500 rallied 2.8% on the week – erasing essentially all of its declines in the prior week.
Is It Worth Investing in Equity Lifestyle Properties Inc. (NYSE: ELS) Right Now?
Equity Lifestyle Properties Inc. (NYSE: ELS) has a price-to-earnings ratio of 33.74x that is above its average ratio. Additionally, the 36-month beta value for ELS is 0.71. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 2 rating it as “overweight,” 4 rating it as “hold,” and 1 rating it as “sell.”
The public float for ELS is 178.14M and currently, short sellers hold a 1.98% ratio of that float. The average trading volume of ELS on May 02, 2024 was 1.32M shares.
ELS’s Market Performance
ELS’s stock has seen a -0.60% decrease for the week, with a -3.50% drop in the past month and a -9.96% fall in the past quarter. The volatility ratio for the week is 1.82%, and the volatility levels for the past 30 days are at 1.65% for Equity Lifestyle Properties Inc. The simple moving average for the last 20 days is -1.56% for ELS stock, with a simple moving average of -9.02% for the last 200 days.
Analysts’ Opinion of ELS
Many brokerage firms have already submitted their reports for ELS stocks, with Wolfe Research repeating the rating for ELS by listing it as a “Outperform.” The predicted price for ELS in the upcoming period, according to Wolfe Research is $75 based on the research report published on February 09, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see ELS reach a price target of $64. The rating they have provided for ELS stocks is “Hold” according to the report published on January 30th, 2024.
Truist gave a rating of “Hold” to ELS, setting the target price at $73 in the report published on January 16th of the current year.
ELS Trading at -5.10% from the 50-Day Moving Average
After a stumble in the market that brought ELS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.68% of loss for the given period.
Volatility was left at 1.65%, however, over the last 30 days, the volatility rate increased by 1.82%, as shares sank -2.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.54% lower at present.
During the last 5 trading sessions, ELS fell by -0.60%, which changed the moving average for the period of 200-days by -9.33% in comparison to the 20-day moving average, which settled at $61.83. In addition, Equity Lifestyle Properties Inc. saw -13.60% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ELS
Current profitability levels for the company are sitting at:
- 0.45 for the present operating margin
- 0.53 for the gross margin
The net margin for Equity Lifestyle Properties Inc. stands at 0.23. The total capital return value is set at 0.13. Equity return is now at value 23.68, with 6.14 for asset returns.
Based on Equity Lifestyle Properties Inc. (ELS), the company’s capital structure generated 0.69 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 2.25. The interest coverage ratio of the stock is 6.78.
Currently, EBITDA for the company is 523.79 million with net debt to EBITDA at 5.39. When we switch over and look at the enterprise to sales, we see a ratio of 10.25. The receivables turnover for the company is 30.33for trailing twelve months and the total asset turnover is 0.27.
Conclusion
In conclusion, Equity Lifestyle Properties Inc. (ELS) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
