Trade-Ideas LLC identified

Equity Lifestyle Properties

(

ELS

) 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 $32.2 million.
  • ELS has traded 11,371 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 2.1%. ELS has a PE ratio of 46. Currently there are 2 analysts that rate Equity Lifestyle Properties a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for Equity Lifestyle Properties has been 469,800 shares per day over the past 30 days. Equity Lifestyle has a market cap of $5.9 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.27 and a short float of 2.5% with 3.22 days to cover. Shares are up 4.3% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Equity Lifestyle Properties as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

Highlights from the ratings report include:

  • The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • EQUITY LIFESTYLE PROPERTIES has improved earnings per share by 17.1% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, EQUITY LIFESTYLE PROPERTIES increased its bottom line by earning $1.54 versus $1.42 in the prior year. This year, the market expects an improvement in earnings ($1.87 versus $1.54).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Real Estate Investment Trusts (REITs) industry. The net income increased by 16.0% when compared to the same quarter one year prior, going from $31.73 million to $36.82 million.
  • Despite its growing revenue, the company underperformed as compared with the industry average of 6.8%. Since the same quarter one year prior, revenues slightly increased by 5.8%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Real Estate Investment Trusts (REITs) industry and the overall market, EQUITY LIFESTYLE PROPERTIES's return on equity exceeds that of both the industry average and the S&P 500.

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