Fintel reports that on January 2, 2025, Jefferies upgraded their outlook for Equity LifeStyle Properties (NYSE:ELS) from Hold to Buy.
Analyst Price Forecast Suggests 12.27% Upside
As of December 23, 2024, the average one-year price target for Equity LifeStyle Properties is $74.86/share. The forecasts range from a low of $66.66 to a high of $86.10. The average price target represents an increase of 12.27% from its latest reported closing price of $66.68 / share.
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The projected annual revenue for Equity LifeStyle Properties is 1,628MM, an increase of 7.01%. The projected annual non-GAAP EPS is 1.80.
What is the Fund Sentiment?
There are 1,075 funds or institutions reporting positions in Equity LifeStyle Properties. This is an increase of 7 owner(s) or 0.66% in the last quarter. Average portfolio weight of all funds dedicated to ELS is 0.37%, an increase of 1.54%. Total shares owned by institutions increased in the last three months by 11.03% to 227,705K shares. 
The put/call ratio of ELS is 0.72, indicating a bullish outlook.
What are Other Shareholders Doing?
Aristotle Capital Management holds 10,605K shares representing 5.55% ownership of the company. In its prior filing, the firm reported owning 10,692K shares , representing a decrease of 0.82%. The firm increased its portfolio allocation in ELS by 2.27% over the last quarter.
Cohen & Steers holds 7,507K shares representing 3.93% ownership of the company. In its prior filing, the firm reported owning 1,538K shares , representing an increase of 79.52%. The firm increased its portfolio allocation in ELS by 353.88% over the last quarter.
Price T Rowe Associates holds 7,450K shares representing 3.90% ownership of the company. In its prior filing, the firm reported owning 9,671K shares , representing a decrease of 29.82%. The firm decreased its portfolio allocation in ELS by 18.82% over the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 6,978K shares representing 3.65% ownership of the company. In its prior filing, the firm reported owning 7,096K shares , representing a decrease of 1.69%. The firm decreased its portfolio allocation in ELS by 2.89% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 5,831K shares representing 3.05% ownership of the company. In its prior filing, the firm reported owning 5,801K shares , representing an increase of 0.51%. The firm increased its portfolio allocation in ELS by 0.55% over the last quarter.
Equity Lifestyle Properties Background Information
(This description is provided by the company.)
Equity Lifestyle Properties Inc. is a self-administered, self-managed real estate investment trust ('REIT') with headquarters in Chicago. As of January 25, 2021, the company owns or has an interest in 423 quality properties in 33 states and British Columbia consisting of 161,229 sites.
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