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Resilient Fundamentals to Drive FFO Growth for Equity LifeStyle Properties (ELS)
Yahoo Finance· 2026-01-21 13:55
Group 1 - Equity LifeStyle Properties (NYSE:ELS) is favored by hedge funds and has received an upgrade from RBC Capital from Sector Perform to Outperform, with a forecasted price target of $70 indicating a 10% upside potential [1][2] - RBC Capital anticipates that ELS will be one of the best growth performers in funds from operations (FFO) within the residential REITs category by 2026, citing fundamental resilience against weak employment and AI-related risks [2] - UBS Analyst Michael Goldsmith reaffirmed a Buy rating for ELS, adjusting the target price from $77 to $67, which still reflects over 5% upside potential, expecting a favorable macroeconomic and political environment for REITs in the latter half of 2026 [4] Group 2 - ELS owns and manages manufactured homes (MH) communities, RV resorts, and membership campgrounds, focusing on income through rentals, long-term leasing, and home sales, while also developing lifestyle communities in high-demand vacation and retirement locations with luxurious amenities [5] - Recent concerns regarding ELS's RV business have generated pessimism, but these issues are expected to diminish as 2026 approaches [3]