Morgan Stanley Issues Pessimistic Forecast for Equity Lifestyle Properties (NYSE:ELS) Stock Price

Key Points

• Morgan Stanley has lowered the price target for Equity Lifestyle Properties from $67.50 to $62.50, maintaining an "equal weight" rating, which suggests a potential upside of 3.58% from its previous close.
• The average rating for Equity Lifestyle Properties among analysts is "Moderate Buy," with a consensus target price of $71.05, despite varied ratings from other brokerages, including upgrades and cuts in price targets.
• In its latest earnings report, Equity Lifestyle Properties met expectations with an EPS of $0.69, while revenues fell short of forecasts and declined 0.8% year-over-year.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) had its target price reduced by research analysts at Morgan Stanley from $67.50 to $62.50 in a research note issued on Thursday, Marketbeat Ratings reports. The firm presently has an "equal weight" rating on the real estate investment trust's stock. Morgan Stanley's price target would indicate a potential upside of 1.52% from the stock's current price.

Several other brokerages have also issued reports on ELS. Truist Financial set a $68.00 target price on Equity Lifestyle Properties and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Barclays raised Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and decreased their target price for the stock from $70.00 to $67.00 in a research report on Tuesday, July 29th. Wells Fargo & Company decreased their target price on Equity Lifestyle Properties from $82.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Royal Bank Of Canada decreased their target price on Equity Lifestyle Properties from $67.00 to $66.00 and set a "sector perform" rating for the company in a research report on Wednesday, July 23rd. Finally, Wall Street Zen downgraded Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $71.05.

Equity Lifestyle Properties Price Performance

Shares of ELS traded down $0.01 during midday trading on Thursday, reaching $61.57. The stock had a trading volume of 694,764 shares, compared to its average volume of 1,526,003. The company's 50-day moving average is $60.78 and its 200 day moving average is $63.44. Equity Lifestyle Properties has a 12-month low of $58.15 and a 12-month high of $76.60. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $11.93 billion, a price-to-earnings ratio of 31.91, a price-to-earnings-growth ratio of 3.33 and a beta of 0.73.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) last released its earnings results on Monday, July 21st. The real estate investment trust reported $0.69 earnings per share for the quarter, meeting analysts' consensus estimates of $0.69. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%.The company had revenue of $313.29 million during the quarter, compared to analyst estimates of $377.59 million. During the same quarter in the previous year, the company posted $0.66 EPS. Equity Lifestyle Properties's revenue for the quarter was down .8% on a year-over-year basis. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q3 2025 guidance at 0.720-0.780 EPS. On average, equities analysts predict that Equity Lifestyle Properties will post 3.07 EPS for the current fiscal year.

Institutional Trading of Equity Lifestyle Properties

Several institutional investors have recently added to or reduced their stakes in ELS. Brooklyn Investment Group boosted its stake in Equity Lifestyle Properties by 673.7% during the 1st quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 384 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Equity Lifestyle Properties by 204.1% in the 2nd quarter. Allworth Financial LP now owns 660 shares of the real estate investment trust's stock worth $41,000 after buying an additional 443 shares during the last quarter. National Pension Service boosted its stake in shares of Equity Lifestyle Properties by 75.0% in the 1st quarter. National Pension Service now owns 644 shares of the real estate investment trust's stock worth $43,000 after buying an additional 276 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Equity Lifestyle Properties by 874.7% in the 2nd quarter. IFP Advisors Inc now owns 848 shares of the real estate investment trust's stock worth $52,000 after buying an additional 761 shares during the last quarter. Finally, SVB Wealth LLC purchased a new position in shares of Equity Lifestyle Properties in the 1st quarter worth $61,000. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

About Equity Lifestyle Properties

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.