Equity LifeStyle Properties

ELS · NYSE

$61.97−$0.375 (−0.60%)TodayMarket closed · Oct 21, 4:59 AM ET

Prev close $62.35

ELS analyst rating

HoldConsensus of 12 analysts over the last 12 months. 33% rate it a buy.

Strong buy0
Buy4
Hold7
Underperform1
Sell0

12-month price target · 19 analysts

Average $71.00 (+14.6% upside)

Low: $59.59
Now: $61.97
High: $80.85

Upgrades and downgrades

The latest rating actions, newest first

ELS analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Wells Fargo	Oct 19, 2026	Maintains	Equal-Weight	$69.00 → $64.00	48%
Barclays	Oct 14, 2026	Maintains	Equal-Weight	$69.00 → $66.00	50%
RBC Capital	Oct 13, 2026	Maintains	Outperform	$71.00 → $68.00	38%
UBS	Oct 6, 2026	Maintains	Buy	$76.00 → $67.00	45%
Evercore ISI Group	Sep 21, 2026	Maintains	In-Line	$69.00 → $68.00	45%
Mizuho	Sep 21, 2026	Downgrade	Outperform → Neutral	$72.00 → $65.00	44%
Truist Securities	Sep 11, 2026	Maintains	Hold	$67.00 → $64.00	55%
Barclays	Aug 17, 2026	Maintains	Equal-Weight	$68.00 → $69.00	40%
Morgan Stanley	Aug 12, 2026	Maintains	Equal-Weight	$62.50 → $59.00	29%
Evercore ISI Group	Jul 23, 2026	Maintains	In-Line	$67.00 → $69.00	45%

The case for and against

Updated Jan 12, 2026

Bull case

Equity Lifestyle Properties (ELS) demonstrates strong growth potential, as evidenced by a significant appreciation in Funds from Operations (FFO) and an advantageous acquisition and development opportunity set, leading to an enhanced net asset value (NAV). The company's strategic focus on age-restricted properties positions it well to benefit from favorable demographic trends, particularly as over 70% of its portfolio is tailored toward residents aged 55 and older. Additionally, as the largest manufactured housing and recreational vehicle operator in the U.S., ELS is well-equipped to create value through further development and acquisitions.

Bear case

Equity Lifestyle Properties has experienced a downward adjustment in its normalized FFO per share estimates for 2025 and 2026 due to weaker annual recreational vehicle (RV) assumptions, reflecting ongoing challenges in the company's RV and marina sectors. Annual RV occupancy rates have been impacted by increased attrition, leading to a reduction in guidance for this segment by approximately 70 basis points. Additional concerns arise from uncertainties surrounding the Canadian snowbird season and the introduction of the visa integrity fee, which are expected to hinder potential revenue opportunities.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.