In a report issued on February 22, Wes Golladay from Robert W. Baird maintained a Buy rating on Equity Lifestyle (ELS), with a price target of $69.00. The company’s shares closed last Tuesday at $62.55.
According to TipRanks.com, Golladay is a 4-star analyst with an average return of 8.1% and a 64.8% success rate. Golladay covers the Financial sector, focusing on stocks such as Alpine Income Property Trust Inc, National Retail Properties, and Spirit Realty Capital.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Equity Lifestyle with a $68.67 average price target.
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Based on Equity Lifestyle’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $256 million and net profit of $64.65 million. In comparison, last year the company earned revenue of $245 million and had a net profit of $54.96 million.
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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 Property Operations; and Home Sales and Rentals Operations segments. The Property Operations segment owns and operates land lease properties. The Home Sales and Rentals Operations segment purchases, sells, and leases homes at the properties.The company was founded by James M. Hankins in December 1992 and is headquartered in Chicago, IL.
