Market Overview

UPDATE: Cantor Fitzgerald Upgrades Equity Lifestyle Properties to Buy; Cheap Valuation

Share:
Related ELS
2015's Top-Performing REIT Sector May Surprise You
Top Performing Industries For December 8, 2014
My Tactical Approach To Healthcare REIT Investing (Seeking Alpha)

Cantor Fitzgerald raises its rating on Equity Lifestyle Properties (NYSE: ELS) from Hold to Buy and reiterates its price target of $75.50.

Cantor Fitzgerald comments, "The stock is a more attractive relative value given underperformance (due to the flight to "higher growth" rental housing investment options). ELS is now attractive on an absolute basis (our price target of $75.50 implies a 12-month total return of 16.0%, higher than our 12-month total return expectation for the RMZ of 9.5-14.5%) and on a relative basis, trading with an implied cap of 6.2%, vs. 5.2%/6.0% for multifamily/REIT peers, respectively, while '13 AFFO multiples trail at 15.8x, vs. 20.8x/18.4x for multifamily/REITs peers."

ELS closed at $75.50 on Tuesday.

Latest Ratings for ELS

DateFirmActionFromTo
Mar 2015RW BairdInitiates Coverage onOutperform
Mar 2015BairdInitiates Coverage onOutperform
Feb 2015CitigroupMaintainsNeutral

View More Analyst Ratings for ELS
View the Latest Analyst Ratings

Posted-In: Cantor FitzgeraldAnalyst Color Upgrades Price Target Intraday Update Analyst Ratings

 

Related Articles (ELS)

Around the Web, We're Loving...