Analyst Explains Why They Downgraded Their Rating on Equity Lifestyle (ELS)

By Jason Carr

In a report released today, John Kim from BMO Capital downgraded Equity Lifestyle (ELSResearch Report) to Hold, with a price target of $66.00. The company’s shares closed last Friday at $61.06.

According to, Kim is a 3-star analyst with an average return of 1.2% and a 51.2% success rate. Kim covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Retail Opportunity Investments, and Easterly Government Properties.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Equity Lifestyle with a $68.00 average price target.

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Equity Lifestyle’s market cap is currently $11.13B and has a P/E ratio of 50.90. The company has a Price to Book ratio of 9.06.

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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.