Equity LifeStyle’s stock hit record high as August ends

els-logo-wikicommons-drop-shadow=daily-business-news=mhpronews-The glow of investors and commentary for Equity LifeStyle Properties Inc. (NYSE:ELS) hit a peak as August drew to a close. ELS witnessed the stock hitting a record high on Friday. The stock traded as high as $45.81, up 39 cents from yesterday’s record closing price of $45.42.

The Street, Trade-Ideas  and Chicago Business  were among those touting various aspects of ELS, even after the judgment in the CalHawaiian case.A strong balance sheet, 92% occupancy and growing demand for age-restricted manufactured home communities are some of the factors cited in favor of ELS.

ELS’ website states the firm has370 quality communities in 32 states and British Columbia, offering more than 140,000 individual home sites in major metropolitan areas and key retirement destinations nationwide.” ##

(Image collage credit: elements of ELS logo, glowing sunrise Wikicommons, drop shadow MHProNews)

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