Wells Fargo Remains a Hold on Equity Lifestyle (ELS)

By Austin Angelo

Wells Fargo analyst Todd Stender maintained a Hold rating on Equity Lifestyle (ELSResearch Report) yesterday. The company’s shares closed last Monday at $72.08, close to its 52-week high of $74.55.

Stender has an average return of 40.4% when recommending Equity Lifestyle.

According to TipRanks.com, Stender is ranked #938 out of 5727 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Equity Lifestyle with a $72.00 average price target.

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Based on Equity Lifestyle’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $64.46 million. In comparison, last year the company had a net profit of $56.07 million.

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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.