ELS Price Prediction Next Week
Technical Analysis: Based on the Fibonacci levels, ELS is currently trading between support at $64.55 and resistance at $68.96. The RSI(14) reading of 49.21 indicates neutral momentum, while the negative MACD (-0.34) suggests bearish short-term momentum.
News Impact: Recent key developments affecting ELS:
- Q4 2024 earnings matched expectations with FFO of $0.76 per share, though revenue of $372.3M missed forecasts
- Deutsche Bank upgraded ELS to "Buy" citing resilience against supply issues in residential real estate market
- Board declared Q1 2025 dividend of $0.515 per share, payable April 11, 2025
Price Projection for Next Week: Based on technical indicators and recent news:
- Support levels: $64.55 (Fibonacci S1), $63.19 (Fibonacci S2)
- Resistance levels: $68.96 (Fibonacci R1), $70.32 (Fibonacci R2)
Target price range for next week: $65.50 - $69.00
Trading Recommendation: HOLD with bias towards accumulating on dips below $65. The stock shows mixed signals with neutral RSI but negative MACD. However, positive analyst sentiment and recent dividend declaration provide fundamental support. Wait for price to test support levels around $64.55 before initiating new long positions.
ELS Similar Chart Price Prediction
The price of ELS is predicted to go up -2.73%, based on the high correlation periods with BXP. The similarity of these two price pattern on the periods is 90.79%.
ELS
BXP
Down: -2.73%Similarity: 90.79%
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ELS VS S&P500
Aging population supports rent and NOI growth at a spread above inflation.
Supply growth for the sector has been flat and should remain flat in near future, so little risk of new, competing properties that would limit the company's ability to raise rents.
Only very small percent of residents have a mortgage on a manufactured home in the portfolio, so residents are able to continue to afford the low relative rental cost during recessions, which keeps occupancies and same-store NOI consistent through a full economic cycle.
ELS Analyst's Forecast
Omotayo Okusanya
Deutsche Bank
Hold → Strong Buy
2025-01-21
Price Target
$66 → $73
Upside
+8.28%
Deutsche Bank upgraded Equity Lifestyle to Buy from Hold with a price target of $73, up from $66. In 2025, the firm is "tactically shifting" its preference in the residential real estate investment trust sector towards subsectors and specific stocks which should be least impacted by ongoing supply issues. As such, Deutsche moved to an overweight stance on manufactured housing. Judging by the recent Q4 updates, ongoing supply in sunbelt markets is likely to remain an issue in the multifamily subsector and impact 2025 earnings for sunbelt focused names, despite peak supply now behind the group, adds Deutsche Bank. The firm says the issue is that lease-up of Q4 of Q1, traditionally weaker demand periods, of this supply may lock in lower rates given the oversupply in these markets. On the flip side, west coast supply remains limited, and there may be a pickup in occupancy in Los Angeles following the fires, contends Deutsche. The firm adjusted ratings and price targets in the group as part of its 2025 outlook.
Anthony Hau
Truist Securities
Hold
2024-11-12
Price Target
$70 → $71
Downside
-1.72%
Merrill Ross
Compass Point
Hold
2024-10-23
Price Target
$70 → $72
Upside
+2.01%
