Barclays analyst Anthony Powell lowered the firm’s price target on Equity Lifestyle to $72 from $78 and keeps an Overweight rating on the shares. The company expects continued strength in annual rent growth and moderating expenses to drive strong net operating growth, the analyst tells investors in a research note.
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Read More on ELS:
- Equity Lifestyle sees FY24 normalized FFO $2.84-$2.94, consensus $2.90
- Equity Lifestyle sees Q2 normalized FFO 61c-67c
- Equity Lifestyle reports Q1 normalized FFO 78c, consensus 77c
- Equity Lifestyle Properties (ELS) Q1 Earnings Cheat Sheet
- Equity Lifestyle Properties Reveals Financial Outlook and Strategies
