New Lifetime High Reached: Equity Lifestyle Properties (ELS)
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Equity Lifestyle Properties as such a stock due to the following factors:
- ELS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $20.9 million.
- ELS has traded 4,838 shares today.
- ELS is trading at a new lifetime high.
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More details on ELS:
Equity LifeStyle Properties, Inc. is a publicly owned real estate investment trust (REIT). The firm engages in the ownership and operation of lifestyle oriented properties. The stock currently has a dividend yield of 2.6%. ELS has a PE ratio of 40.2. Currently there are 3 analysts that rate Equity Lifestyle Properties a buy, no analysts rate it a sell, and 1 rates it a hold.
The average volume for Equity Lifestyle Properties has been 354,100 shares per day over the past 30 days. Equity Lifestyle has a market cap of $4.8 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.50 and a short float of 1.4% with 2.21 days to cover. Shares are up 9.5% year-to-date as of the close of trading on Thursday.
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Analysis:
rates Equity Lifestyle Properties as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and revenue growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins.
Highlights from the ratings report include:
- Despite its growing revenue, the company underperformed as compared with the industry average of 10.1%. Since the same quarter one year prior, revenues slightly increased by 6.0%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 39.56% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, our hold rating indicates that we do not recommend additional investment in this stock despite its gains in the past year.
- The gross profit margin for EQUITY LIFESTYLE PROPERTIES is currently lower than what is desirable, coming in at 32.37%. Regardless of ELS's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, ELS's net profit margin of 16.60% is significantly lower than the industry average.
- Net operating cash flow has declined marginally to $57.40 million or 0.36% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.
- You can view the full Equity Lifestyle Properties Ratings Report.
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