Evercore ISI Issues Pessimistic Forecast for Equity Lifestyle Properties (NYSE:ELS) Stock Price

Key Points

• Evercore ISI has lowered the price target for Equity Lifestyle Properties (NYSE:ELS) from $67.00 to $65.00, maintaining an "in-line" rating with a potential upside of 5.67% based on the stock's previous close.
• Several analysts have varying ratings and price targets for the stock, with a consensus rating of "Moderate Buy" and an average price target of $70.32.
• Equity Lifestyle Properties reported $0.75 earnings per share for its latest quarter, matching the consensus estimate, with a revenue increase of 1.5% compared to the same quarter last year.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) had its price objective cut by research analysts at Evercore ISI from $67.00 to $65.00 in a research note issued on Thursday, Marketbeat reports. The firm presently has an "inline" rating on the real estate investment trust's stock. Evercore ISI's price target indicates a potential upside of 7.26% from the company's current price.

Several other equities analysts have also recently issued reports on ELS. Truist Financial set a $68.00 price target on shares of Equity Lifestyle Properties and gave the company a "buy" rating in a research report on Wednesday, July 30th. Wall Street Zen lowered shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Barclays raised shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $70.00 to $67.00 in a research note on Tuesday, July 29th. Compass Point upgraded shares of Equity Lifestyle Properties from a "neutral" rating to a "buy" rating and set a $72.00 target price on the stock in a research report on Tuesday, July 22nd. Finally, Royal Bank Of Canada dropped their target price on shares of Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating on the stock in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $70.32.

Equity Lifestyle Properties Trading Down 4.4%

NYSE ELS traded down $2.77 on Thursday, hitting $60.60. The company's stock had a trading volume of 3,472,360 shares, compared to its average volume of 1,594,986. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.24. Equity Lifestyle Properties has a 1-year low of $58.15 and a 1-year high of $73.67. The company's 50-day moving average is $61.02 and its 200 day moving average is $62.13. The firm has a market cap of $11.74 billion, a PE ratio of 31.40, a PEG ratio of 3.40 and a beta of 0.71.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. Equity Lifestyle Properties had a net margin of 24.13% and a return on equity of 21.12%. The firm had revenue of $393.31 million during the quarter, compared to analysts' expectations of $389.39 million. During the same period in the prior year, the company posted $0.72 EPS. The company's revenue was up 1.5% on a year-over-year basis. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q4 2025 guidance at 0.750-0.810 EPS. As a group, analysts predict that Equity Lifestyle Properties will post 3.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brooklyn Investment Group boosted its holdings in Equity Lifestyle Properties by 673.7% during the first quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 384 shares during the last quarter. National Pension Service grew its position in Equity Lifestyle Properties by 75.0% during the first quarter. National Pension Service now owns 644 shares of the real estate investment trust's stock valued at $43,000 after buying an additional 276 shares during the period. Allworth Financial LP grew its position in Equity Lifestyle Properties by 204.1% during the second quarter. Allworth Financial LP now owns 660 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 443 shares during the period. IFP Advisors Inc grew its position in Equity Lifestyle Properties by 874.7% during the second quarter. IFP Advisors Inc now owns 848 shares of the real estate investment trust's stock valued at $52,000 after buying an additional 761 shares during the period. Finally, SVB Wealth LLC bought a new position in Equity Lifestyle Properties during the first quarter valued at about $61,000. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Company Profile

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.