Shares of Equity Lifestyle Properties Inc. (NYSE:ELS) traded at a new 52-week high today of $80.19. So far today approximately 124,000 shares have been exchanged, as compared to an average 30-day volume of 803,000 shares.
Equity Lifestyle Properties Inc is a real estate investment trust primarily engaged in the ownership and operation of manufactured home communities and recreational vehicle (RV) campgrounds throughout the US. The vast majority of the company’s real estate portfolio is comprised of sites located near bodies of water in Florida, the Northeastern region of the US, Arizona, and California. Equity Lifestyle derives nearly all of its income in the form of rental revenue from its properties. This income is pretty evenly split between its community sites and resort sites in the Florida, Northeastern US, Arizona, and California markets. Equity Lifestyle’s site offerings mainly attract retirees, vacationing families, and second homeowners who lease on an annual basis.
Equity Lifestyle Properties Inc. (NYSE:ELS) defies analysts with a current price ($80.07) 5.2% above its average consensus price target of $75.88.
In the past 52 weeks, shares of Equity Lifestyle Properties Inc. have traded between a low of $57.93 and a high of $80.19 and is now at $80.07, which is 38% above that low price.
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