UBS reduced its price target for Equity LifeStyle Properties, Inc. (NYSE:ELS) to $67 from $77 on January 8. The firm kept a Buy rating on the stock.
In its note, UBS stated that 2026 might emerge as a significant turning point for REITs. It projected total returns of approximately 9% to 11%, citing improving macroeconomic conditions, more attractive valuations, easing supply pressures, and a steadier political environment.
The firm described 2026 as a two-speed year for the sector. It anticipated more defensive conditions in the first half, followed by stronger tailwinds and catalysts in the second half. UBS identified areas like Healthcare, Shopping Centers, and Coastal Apartments within REITs as potentially positioned to benefit more as the year progresses.
Equity LifeStyle Properties reported that as of September 30, it held interests in 455 properties across 35 U.S. states and British Columbia, representing 173,341 sites. For the quarter ended September 30, 2025, the company said core property operating expenses, excluding property management, increased 0.5% year-over-year. These expenses came in below its prior guidance.
Equity LifeStyle Properties, Inc. is a self-managed REIT focused on lifestyle-oriented real estate. Its portfolio includes manufactured home and recreational vehicle communities, along with marinas. The company generates revenue through property operations, home sales, and rental activity.
Equity LifeStyle Properties is included among the 14 Best Mid Cap Dividend Aristocrat Stocks to Buy Now.