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NYSE:ELME

Elme Communities (ELME) Stock Price, News & Analysis

Elme Communities logo
$16.87
-0.33 (-1.92%)
(As of 10/31/2024 ET)

About Elme Communities Stock (NYSE:ELME)

Key Stats

Today's Range
$16.87
$17.27
50-Day Range
$16.77
$18.25
52-Week Range
$12.44
$18.49
Volume
598,926 shs
Average Volume
582,018 shs
Market Capitalization
$1.48 billion
P/E Ratio
N/A
Dividend Yield
4.27%
Price Target
$17.33
Consensus Rating
Hold

Company Overview

Elme Communities is committed to elevating what home can be for middle-income renters by providing a higher level of quality, service, and experience. The Company is a multifamily real estate investment trust that owns and operates approximately 9,400 apartment homes in the Washington, DC metro and the Atlanta metro regions, and owns approximately 300,000 square feet of commercial space. Focused on providing quality, affordable homes to a deep, solid, and underserved base of mid-market demand, Elme Communities is building long-term value for shareholders.

Elme Communities Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
22nd Percentile Overall Score

ELME MarketRank™: 

Elme Communities scored higher than 22% of companies evaluated by MarketBeat, and ranked 869th out of 942 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Elme Communities has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Elme Communities has only been the subject of 3 research reports in the past 90 days.

  • Read more about Elme Communities' stock forecast and price target.
  • Earnings Growth

    Earnings for Elme Communities are expected to grow by 1.06% in the coming year, from $0.94 to $0.95 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Elme Communities is -27.21, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Elme Communities is -27.21, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Elme Communities has a P/B Ratio of 1.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Elme Communities' valuation and earnings.
  • Percentage of Shares Shorted

    1.91% of the float of Elme Communities has been sold short.
  • Short Interest Ratio / Days to Cover

    Elme Communities has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Elme Communities has recently increased by 18.71%, indicating that investor sentiment is decreasing significantly.
  • Dividend Leadership

    Elme Communities is a leading dividend payer. It pays a dividend yield of 4.21%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Elme Communities does not have a long track record of dividend growth.

  • Dividend Sustainability

    Based on EPS estimates, Elme Communities will have a dividend payout ratio of 75.79% in the coming year. This indicates that Elme Communities may not be able to sustain their current dividend.

  • Read more about Elme Communities' dividend.
  • Percentage of Shares Shorted

    1.91% of the float of Elme Communities has been sold short.
  • Short Interest Ratio / Days to Cover

    Elme Communities has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Elme Communities has recently increased by 18.71%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Elme Communities has a news sentiment score of -0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for Elme Communities this week, compared to 2 articles on an average week.
  • Search Interest

    1 people have searched for ELME on MarketBeat in the last 30 days.
  • MarketBeat Follows

    3 people have added Elme Communities to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Elme Communities insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 1.20% of the stock of Elme Communities is held by insiders.

  • Percentage Held by Institutions

    87.88% of the stock of Elme Communities is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Elme Communities' insider trading history.
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ELME Stock News Headlines

Elme Communities (NYSE:ELME) Now Covered by Wolfe Research
Elme Communities initiated with a Peer Perform at Wolfe Research
Protect Your Bank Account with THESE 4 Simple Steps
Starting as soon as a few months from now, the United States government will make a sweeping change to bank accounts nationwide. It will give them unprecedented powers to control your bank account.
Wells Fargo Sticks to Their Hold Rating for Elme Communities (ELME)
See More Headlines

ELME Stock Analysis - Frequently Asked Questions

Elme Communities' stock was trading at $14.60 at the beginning of the year. Since then, ELME shares have increased by 15.5% and is now trading at $16.87.
View the best growth stocks for 2024 here
.

Elme Communities (NYSE:ELME) released its earnings results on Friday, February, 17th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.25 by $0.29. The firm's revenue was up 24.2% on a year-over-year basis.

Elme Communities' top institutional investors include Allspring Global Investments Holdings LLC (2.41%), Principal Financial Group Inc. (0.47%), Asset Management One Co. Ltd. (0.24%) and State of Alaska Department of Revenue (0.10%).

Shares of ELME stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Elme Communities investors own include NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), Meta Platforms (META), JPMorgan Chase & Co. (JPM), Netflix (NFLX) and Alphabet (GOOG).

Company Calendar

Last Earnings
2/17/2023
Ex-Dividend for 10/3 Dividend
9/19/2024
Dividend Payable
10/03/2024
Today
10/31/2024
Next Earnings (Confirmed)
11/04/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Trading
Employees
100
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$17.33
High Stock Price Target
$19.00
Low Stock Price Target
$16.00
Potential Upside/Downside
+2.7%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$-52,980,000.00
Pretax Margin
-22.90%

Debt

Sales & Book Value

Annual Sales
$235.12 million
Cash Flow
$0.45 per share
Book Value
$13.14 per share

Miscellaneous

Free Float
86,955,000
Market Cap
$1.48 billion
Optionable
Optionable
Beta
0.90
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This page (NYSE:ELME) was last updated on 10/31/2024 by MarketBeat.com Staff
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