ELS Reports First Quarter Results
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Equity LifeStyle Properties (ELS) PT Lowered to $69 at Evercore ISI
April 23, 2024 5:05 AM EDTEvercore ISI analyst Steve Sakwa lowered the price target on Equity LifeStyle Properties (NYSE: ELS) to $69.00 (from $71.00) while maintaining a In Line rating.
The analyst comments "ELS reported Q1 normalized FFO of $0.78 which was in line with guidance (at the midpoint) and our estimate but a penny higher vs. consensus. The company reported revenue growth of 5.8% which compared to guidance of 5.9% (our forecast was 5.7%) while NOI growth came in... More
