Zacks has changed its “hold” rating to “buy” for Equity LifeStyle Properties (NYSE:ELS), the largest owner of manufactured home communities (MHC) in the nation, according to dakotafinancialnews. The stock closed down -0.43% on Thursday, at $58.97, as MHProNews reported in its stock report, but Zacks has issued a target price of $66.00 on the stock, a potential gain of over 12.00 percent, which represents a substantial increase. The consensus target price is $59.83 for the stock.
ELS is currently approaching its one-year high of $59.59. It has a one-year low of $41.44, a market cap of $4.95 billion and a P/E ratio of 43.51. In the company’s earnings report for Q2 it beat analysts consensus earning-per-share by $0.02.
ELS has an ownership interest in 384 manufactured home and recreational vehicle communities in the U. S. and Canada, comprised of 143,113 sites. ##
(Image credit: Equity LifeStyle Properties, Inc.)
Article submitted by Matthew J. Silver to Daily business News-MHProNews.
