ELS
Equity LifeStyle Properties, Inc. Real Estate - Manufactured Housing Investor Relations →
Equity LifeStyle Properties, Inc. (ELS) closed at $60.08 as of 2026-09-11, trading 3.1% below its 200-week moving average of $62.02. This places ELS in the below line zone. The stock is currently moving closer to the line, down from 0.6% last week. The 14-week RSI sits at 46, indicating neutral momentum.
Trading volume is running at 0.9x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.15 ratio) is neutral — neither side is clearly dominating.
Over the past 1702 weeks of data, ELS has crossed below its 200-week moving average 19 times. On average, these episodes lasted 12 weeks. Historically, investors who bought ELS at the start of these episodes saw an average one-year return of +2.1%.
With a market cap of $12.0 billion, ELS is a large-cap stock. The company generates a free cash flow yield of 5.0%, which is healthy. Return on equity stands at 22.9%, indicating strong profitability. The stock trades at 6.6x book value.
Share count has increased 4.1% over three years, indicating dilution.
Over the past 32.8 years, a hypothetical investment of $100 in ELS would have grown to $4146, compared to $2817 for the S&P 500. That represents an annualized return of 12.0% vs 10.7% for the index — confirming ELS as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 13.8% compound annual rate, with 4 consecutive years of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: ELS vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After ELS Crosses Below the Line?
Across 18 historical episodes, buying ELS when it crossed below its 200-week moving average produced an average return of +1.9% after 12 months (median -1.0%), compared to +13.8% for the S&P 500 over the same periods. 40% of those episodes were profitable after one year. After 24 months, the average return was +19.7% vs +35.4% for the index.
Each line shows $100 invested at the moment ELS crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices ELS would reach each dislocation threshold.
Dislocation Price Levels
Prices where ELS's Bean Score would hit each σ threshold. Valid until next earnings report: 2026-10-21.
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $59.31 | Unusually cheap — analysis point |
| Value | +1σ | $62.28 | Cheap vs. own history |
| Fair Value | +0σ | $65.55 | Historical mean behavior |
| Expensive | -1σ | $69.19 | Expensive vs. own history |
| Deep Expensive | -2σ | $73.26 | Unusually expensive — analysis point |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Recent Earnings
| Date | EPS Est. | EPS Actual | Surprise |
|---|---|---|---|
| 2026-07-21 | $0.44 | $0.48 | +9.9% |
| 2026-04-21 | $0.54 | $0.54 | -1.0% |
| 2026-01-28 | $0.51 | $0.50 | -0.4% |
| 2025-10-22 | $0.46 | $0.50 | +8.8% |
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
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Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are analysis points: prices at which the yield deviation becomes unusual enough to justify the work. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from ELS's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. Each one is an analysis point, a reason to open the filings. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
ELS has crossed below its 200-week MA 19 times with an average 1-year return of +2.1% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Oct 1994 | Dec 1994 | 9 | 11.4% | -9.2% | +4491.2% |
| Jan 1995 | Nov 1995 | 44 | 19.8% | +3.7% | +4576.2% |
| Dec 1995 | Dec 1995 | 1 | 2.7% | +41.5% | +4765.1% |
| Dec 2007 | Jan 2008 | 3 | 4.2% | -11.5% | +795.3% |
| Jun 2008 | Jul 2008 | 3 | 2.7% | -16.5% | +767.1% |
| Sep 2008 | Oct 2009 | 53 | 40.7% | -5.2% | +736.9% |
| Sep 2022 | Jan 2023 | 15 | 11.1% | +4.2% | +7.0% |
| Mar 2023 | Mar 2023 | 3 | 5.0% | +7.8% | +5.2% |
| Apr 2023 | Apr 2023 | 1 | 4.3% | -1.6% | +4.1% |
| May 2023 | Jul 2023 | 8 | 4.7% | +2.1% | +1.9% |
| Aug 2023 | Nov 2023 | 13 | 4.1% | +8.4% | -1.3% |
| Feb 2024 | Feb 2024 | 1 | 0.7% | +1.7% | -1.7% |
| Mar 2024 | Jul 2024 | 18 | 9.0% | +5.9% | -2.4% |
| Dec 2024 | Feb 2025 | 10 | 4.0% | -5.0% | -4.5% |
| Mar 2025 | Jan 2026 | 44 | 9.0% | +4.7% | -5.8% |
| Mar 2026 | Mar 2026 | 1 | 0.3% | N/A | -2.4% |
| May 2026 | Jun 2026 | 3 | 1.9% | N/A | -0.8% |
| Jun 2026 | Jun 2026 | 1 | 0.0% | N/A | -2.6% |
| Sep 2026 | Ongoing | 1+ | 3.1% | Ongoing | N/A |
| Average | 12 | — | +2.1% | — |
Frequently Asked Questions
Is ELS below its 200-week moving average?
Yes. As of 2026-09-11, Equity LifeStyle Properties, Inc. (ELS) is trading 3.1% below its 200-week moving average of $62.02. The current price is $60.08.
What is ELS's 200-week moving average price?
Equity LifeStyle Properties, Inc.'s 200-week moving average is $62.02 as of 2026-09-11. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when ELS drops below its 200-week moving average?
ELS has crossed below its 200-week moving average 19 times in our data. On average, buying at that moment produced a one-year return of +2.1%. These dips have historically been decent entry points. These episodes lasted 12 weeks on average.
Is ELS a good value right now?
Here's what our data says about ELS as of 2026-09-11: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 46. Free cash flow yield is 5.0%. Return on equity is 22.9%. Price-to-book is 6.6x. This is not a buy or sell recommendation — always do your own research.
How does ELS compare to the S&P 500?
Over the past 32.8 years, $100 invested in ELS would have grown to $4146, compared to $2817 for the S&P 500. That's 12.0% annualized vs 10.7% for the index. ELS has outperformed the broader market over this period.
Does ELS pay a dividend?
Yes. Equity LifeStyle Properties, Inc. currently pays a dividend yield of 360.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-09-11