ELS Stock Summary and Trading Ideas (Equity Lifestyle Props | NYSE:ELS)

Equity Lifestyle Properties is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently has a portfolio of 451 properties across the U.S. with a higher concentration in the Sunbelt region with 38% of the company's properties located in Florida, 12% in Arizona, and 8% in California. Equity Lifestyle targets owning properties in attractive retirement destinations with over 70% of the company's properties either being age-restricted or having an average resident age over 55.

Equity Lifestyle Props trades on the NYSE stock market under the symbol ELS.

As of April 17, 2024, ELS stock price climbed to $61.80 with 1,078,286 million shares trading.

ELS has a beta of 0.78, meaning it tends to be less sensitive to market movements. ELS has a correlation of 0.19 to the broad based SPY ETF.

ELS has a market cap of $11.52 billion. This is considered a Large Cap stock.

In the last 3 years, ELS stock traded as high as $88.70 and as low as $56.91.

The top ETF exchange traded funds that ELS belongs to (by Net Assets): VNQ, IJH, VTI, VB, VXF.

ELS has underperformed the market in the last year with a return of -3.2%, while the SPY ETF gained +22.5%. In the last 3 month period, ELS fell short of the market, returning -8.8%, while SPY returned +6.3%. However, in the most recent 2 weeks ELS has outperformed the stock market by returning -1.6%, while SPY returned -3.6%.

ELS support price is $60.30 and resistance is $61.84 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ELS stock will trade within this expected range on the day.