We recently compiled a list of the 10 Stocks That Became Analyst Favorites This Week. In this article, we are going to take a look at where Equity LifeStyle Properties, Inc. (NYSE:ELS) stands against the other analysts favorites.

US stocks registered a green day on Tuesday with the Dow surging up 538 points to end 1.24% higher. S&P 500 and Nasdaq also posted gains of 0.88% and 0.64% respectively, showcasing the strength of the American economy.

As for individual stocks, analysts continue to evaluate businesses based on any public information they can gather. Some of these insights turn into stock upgrades or downgrades while others reiterate the positive or negative outlook on the stocks. We came up with a similar list of stocks that have received analyst approval this week.

To come up with the list of 10 stocks moving on analyst optimism, we considered stocks with a market cap of at least $10 billion.

An iconic residential property, symbolizing the company's industry focus on REIT--Residential.

Equity LifeStyle Properties, Inc. (NYSE:ELS)

Equity LifeStyle Properties Inc. is a real estate investment trust (REIT) that manages campgrounds, mobile home parks, and RV parks. It is one of the biggest manufactured housing REITs in the market with a $16.2 billion enterprise value. The stock was just upgraded from Hold to Buy at Deutsche Bank.

The company has a solid balance sheet and a BBB+ credit rating (showing that the company is financially stable and can pay off its debt) from S&P. The company gained momentum in the second half of last year with a 5.3% growth rate in FFO (funds from operations) per share and a 5.8% growth rate in net operating income as compared to the previous year.

ELS shares were up 4% in the last 5 trading sessions indicating a positive outlook, which now seems to be justified with the stock upgrade. It continues to be an appealing long-term investment opportunity for investors.

Overall ELS ranks 9th on our list of the stocks that became analyst favorites this week. While we acknowledge the potential of ELS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as ELS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

 

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Disclosure: None. This article was originally published at Insider Monkey.