BMO Capital has adjusted its price target for Equity Lifestyle Properties (ELS, Financial), reducing it from $78 to $77 while maintaining an Outperform rating. This decision comes after the company announced first-quarter results that aligned with expectations and reiterated guidance for 2025 normalized funds from operations.
Despite these steady projections, Equity Lifestyle faces ongoing challenges in the Seasonal/Transient RV market segment. Additionally, a rare decline in occupancy rates for Manufactured Homes has been noted. These factors have influenced BMO's revised price target, though the firm remains optimistic about Equity Lifestyle's long-term performance.
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 $74.11 with a high estimate of $82.00 and a low estimate of $67.00. The average target implies an upside of 15.02% 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.
