NASDAQ.com published the following on Friday about manufactured home community sector giant, Equity Lifestyle Properties (ELS). “In trading on Thursday, shares of Equity Lifestyle Properties Inc’s 6.75% Series C Shares (Symbol: ELS.PRC) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.6875), with shares changing hands as low as $25.94 on the day. This compares to an average yield of 7.07% in the “Real Estate” preferred stock category, according to Preferred Stock Channel. As of last close, ELS.PRC was trading at a 5.00% premium to its liquidation preference amount, versus the average premium of 2.20% in the “Real Estate” category.”
Additionally, Zack’s gave ELS a top “Growth Score.” The EnterpriseLeader explains that, “The growth score is based on company financials as well as the company’s prospects for future growth. The score is a result of analysis of various aspects of the Balance Sheet, Cash Flow Statement and Income Statement. Stocks that are given a high growth score tend to have the characteristics resulting in market outperformance. ”
ELS is one of the firms tracked by the Daily Business News marketing report. ELS is a Real Estate Investment Trust (REIT). Another positive recent report on ELS is linked here.##
(Image credits: ELS)
