Equity Lifestyle Properties (NYSE:ELS) Stock Price Target Lowered at Truist Financial

Key Points

• Truist Financial lowered its price target for Equity Lifestyle Properties from $64 to $63 while maintaining a “hold” rating, implying approximately 4.35% upside from the stock’s $60.37 price.
• Analyst sentiment remains mixed, with the stock carrying a consensus “hold” rating and an average price target of $67.02. Ratings include one strong buy, six buys, six holds and two sells.
• Equity Lifestyle Properties reported quarterly revenue of $409.9 million, ahead of expectations, but adjusted earnings of $0.45 per share fell short of the $0.79 consensus estimate; revenue increased 4.2% year over year.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) had its target price lowered by equities researchers at Truist Financial from $64.00 to $63.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a "hold" rating on the real estate investment trust's stock. Truist Financial's price target indicates a potential upside of 4.35% from the company's current price.

A number of other research firms have also recently weighed in on ELS. Jefferies Financial Group raised Equity Lifestyle Properties to a "strong-buy" rating in a research report on Monday, October 12th. Evercore set a $68.00 price target on Equity Lifestyle Properties in a research note on Monday, September 21st. Wells Fargo & Company set a $64.00 price objective on shares of Equity Lifestyle Properties and gave the company an "equal weight" rating in a research report on Monday, October 19th. Morgan Stanley restated a "mixed" rating and set a $59.00 price objective (down from $62.50) on shares of Equity Lifestyle Properties in a research report on Wednesday, August 12th. Finally, Robert W. Baird reduced their target price on shares of Equity Lifestyle Properties from $74.00 to $71.00 and set an "outperform" rating for the company in a research note on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Equity Lifestyle Properties currently has a consensus rating of "Hold" and an average target price of $67.02.

Equity Lifestyle Properties Stock Performance

Equity Lifestyle Properties stock traded down $0.08 during midday trading on Tuesday, hitting $60.37. 318,634 shares of the company's stock were exchanged, compared to its average volume of 1,709,756. Equity Lifestyle Properties has a 12-month low of $57.46 and a 12-month high of $69.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.02 and a current ratio of 0.02. The stock has a market cap of $11.76 billion, a price-to-earnings ratio of 29.72, a price-to-earnings-growth ratio of 3.52 and a beta of 0.63. The firm's 50 day simple moving average is $60.63 and its 200 day simple moving average is $63.52.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last announced its earnings results on Wednesday, October 21st. The real estate investment trust reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.79 by ($0.34). Equity Lifestyle Properties had a net margin of 24.97% and a return on equity of 21.73%. The business had revenue of $409.90 million during the quarter, compared to analysts' expectations of $402.75 million. During the same period in the previous year, the company posted $0.75 earnings per share. Equity Lifestyle Properties's quarterly revenue was up 4.2% on a year-over-year basis. Equity Lifestyle Properties has set its Q4 2026 guidance at 0.780-0.840 EPS and its FY 2026 guidance at 3.150-3.210 EPS. Equities research analysts predict that Equity Lifestyle Properties will post 3.19 EPS for the current year.

Hedge Funds Weigh In On Equity Lifestyle Properties

A number of institutional investors and hedge funds have recently made changes to their positions in ELS. Parkside Financial Bank & Trust increased its stake in shares of Equity Lifestyle Properties by 126.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 415 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 232 shares in the last quarter. Versant Capital Management Inc acquired a new position in Equity Lifestyle Properties in the 3rd quarter valued at $26,000. Clearstead Trust LLC purchased a new position in Equity Lifestyle Properties during the second quarter worth about $33,000. Mather Group LLC. boosted its position in shares of Equity Lifestyle Properties by 122.0% in the third quarter. Mather Group LLC. now owns 535 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 294 shares during the last quarter. Finally, YANKCOM Partnership raised its stake in Equity Lifestyle Properties by 44.9% during the third quarter. YANKCOM Partnership now owns 549 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 170 shares during the period. 97.21% of the stock is owned by institutional investors and hedge funds.

About Equity Lifestyle Properties

Equity LifeStyle Properties, Inc NYSE: ELS is a real estate investment trust that owns, operates and manages manufactured housing communities, recreational vehicle resorts and campgrounds, and marinas. Its properties are designed to provide residential and vacation accommodations, with offerings that range from long-term manufactured home sites to seasonal and transient RV sites and boat storage.

The company serves residents, vacationers and boat owners across the United States. Its portfolio is concentrated in locations with favorable climates, recreational appeal and access to coastal, lakefront or other leisure destinations.

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