Equity Lifestyle Properties, In
ELS Large CapReal Estate · REIT - Residential
Updated: Jun 14, 2026, 22:19 UTC
Price Chart
Key Metrics
Valuation Analysis
About the Company
Equity LifeStyle Properties, Inc. is a self-administered, self-managed real estate investment trust. As of March 31, 2026, they own or have an interest in 453 properties in 35 states and British Columbia consisting of 173,419 sites. Equity LifeStyle Properties, Inc. is headquartered in Chicago. Equity LifeStyle Properties, Inc. was incorporated in 1992 in Maryland and based in Chicago, Illinois.
Equity Lifestyle Properties, In Stock at a Glance
Equity Lifestyle Properties, In (ELS) is currently trading at $64.83 with a market capitalization of $13B. The trailing P/E ratio stands at 32.41x, with a forward P/E of 29.92x. The 52-week range spans from $58.15 to $69.00; the current price is 6% below the yearly high. Year-over-year revenue growth stands at +1.2%. The net profit margin stands at 24.97%.
💰 Dividend
Equity Lifestyle Properties, In pays an annual dividend of $2.17 per share, representing a yield of 3.35%. The payout ratio stands at 104.38%. The elevated payout ratio reflects a mature dividend policy.
📊 Analyst Rating
18 analysts rate Equity Lifestyle Properties, In (ELS) on consensus: Buy. The average price target is $70.19, implying +8.27% from the current price. Analyst price targets range from $62.50 to $78.00.
Equity Lifestyle Properties, In: The Investment Case in Detail
Equity Lifestyle Properties, In (ELS) operates in the Real Estate — specifically REIT - Residential — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.
The Bull Case
The combination of a 53.27% gross margin and 36.91% operating margin shows the business converts revenue into profit efficiently — a hallmark of competitive moat. Free cash flow is positive and net margins stand at 24.97%, meaning reported earnings translate into real cash that can fund buybacks, dividends or strategic acquisitions.
The Bear Case
Revenue growth has slowed to just 1.2%, which is below nominal GDP — the business is no longer outgrowing the broader economy. Our valuation screen flags the stock as overvalued — current multiples imply the business needs to deliver well above its recent trajectory to justify the price.
Valuation in Context
With a PEG ratio of 0.9, the price-to-earnings multiple is actually below the company's growth rate — classic value-meets-growth territory that Peter Lynch would have called a 'GARP' opportunity.
Investment Thesis: Strengths & Weaknesses
- Profitable with 24.97% net margin
- High return on equity (21.85% ROE)
- High gross margin of 53.27% — indicates pricing power
- Analyst consensus: Buy
- Solid dividend yield of 3.35%
- Positive free cash flow
- –Currently flagged as overvalued
- –High leverage (D/E 180.77)
Technical Snapshot
Price trades above both the 50- and 200-day moving averages, with 50d above 200d — a classic bullish setup (golden-cross alignment).
Risk Profile
The data points to relatively defensive market behavior, higher leverage relative to equity.
Trading Data
💵 Dividend Info
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