In a report released today, David Toti from Colliers Securities reiterated a Buy rating on Equity Lifestyle (ELS – Research Report), with a price target of $81.00. The company’s shares closed yesterday at $67.65.
According to TipRanks, Toti is an analyst with an average return of -2.3% and a 51.14% success rate. Toti covers the Financial sector, focusing on stocks such as AvalonBay, Equity Lifestyle, and Mid-America Apartment.
In addition to Colliers Securities, Equity Lifestyle also received a Buy from Truist Financial’s Anthony Hau in a report issued on January 17. However, today, BMO Capital maintained a Hold rating on Equity Lifestyle (NYSE: ELS).
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Based on Equity Lifestyle’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $376.71 million and a net profit of $67.16 million. In comparison, last year the company earned a revenue of $344.19 million and had a net profit of $70.63 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.
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