BMO Capital has adjusted its price target for Equity Lifestyle Properties (ELS, Financial), trimming it from $78 to $77. Despite this revision, the firm retains its Outperform rating on the stock. The decision follows Equity Lifestyle's first-quarter performance, which met forecasts, and the company's decision to uphold its 2025 guidance for Normalized Funds from Operations (FFO) per share.
Even though the real estate investment trust (REIT) reported ongoing challenges in its Seasonal and Transient RV segment and noted a rare decrease in occupancy for Manufactured Homes, these factors did not significantly impact the overall outlook. BMO Capital attributes the slight price target reduction to a rise in the risk-free rate, impacting valuations.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Equity Lifestyle Properties Inc (ELS, Financial) is $74.46 with a high estimate of $82.00 and a low estimate of $68.00. The average target implies an upside of 15.57% from the current price of $64.43. More detailed estimate data can be found on the Equity Lifestyle Properties Inc (ELS) Forecast page.
Based on the consensus recommendation from 14 brokerage firms, Equity Lifestyle Properties Inc's (ELS, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Equity Lifestyle Properties Inc (ELS, Financial) in one year is $75.84, suggesting a upside of 17.71% from the current price of $64.43. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Equity Lifestyle Properties Inc (ELS) Summary page.
