BMO Capital lowered the firm’s price target on Equity Lifestyle (ELS) to $77 from $78 and keeps an Outperform rating on the shares. Equity Lifestyle reported an in-line Q1 and maintained 2025 normalized funds from operations guidance, despite continued weakness in Seasonal/Transient RV and a rare slippage on Manufactured Homes occupancy, the analyst tells investors in a research note.
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Read More on ELS:
- Equity Lifestyle price target lowered to $77 from $78 at BMO Capital
- Equity Lifestyle Properties: Strong Position and Financial Stability Support Buy Rating
- Equity Lifestyle reports Q1 normalized FFO 83c, consensus 83c
- Equity Lifestyle sees Q2 normalized FFO 66c-72c, consensus 70c
- Equity Lifestyle sees FY25 normalized FFO $3.01-$3.11, consensus $3.07