Truist downgraded Equity Lifestyle (ELS) to Hold from Buy with a price target of $66, down from $68. The firm adjusted ratings and targets in the real estate investment trust group as part of its 2026 outlook. Truist remains Neutral on REITs for 2026, saying fundamentals are improving as new supply slows and demand appears steady for high-quality assets. However, the stocks do not appear particularly cheap, the analyst tells investors in a research note. Truist is relatively bullish on healthcare, industrial, strip retail, gaming and lodging REITs, neutral on manufactured housing, multifamily, self-storage and triple net, and relatively cautious on mall and office.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ELS:
- Equity Lifestyle downgraded to Hold from Buy at Deutsche Bank
- Equity Lifestyle price target raised to $68 from $67 at Barclays
- Equity Lifestyle price target lowered to $67 from $77 at UBS
- Ex-Dividend Date Nearing for These 10 Stocks – Week of December 22, 2025
- Equity Lifestyle upgraded to Outperform from Sector Perform at RBC Capital