Equity Lifestyle Properties Inc. (NYSE:ELS) traded at a new 52-week high today of $79.14. So far today approximately 169,000 shares have been exchanged, as compared to an average 30-day volume of 877,000 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) is currently priced 3.2% above its average consensus analyst price target of $75.88.
Equity Lifestyle Properties Inc. share prices have moved between a 52-week high of $79.14 and a 52-week low of $57.93 and are now trading 35% above that low price at $78.38 per share.
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