NYSE:ELME Elme Communities (ELME) Stock Price, News & Analysis $16.87 -0.33 (-1.92%) (As of 10/31/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends About Elme Communities Stock (NYSE:ELME) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Elme Communities alerts:Sign Up Key Stats Today's Range$16.87▼$17.2750-Day Range$16.77▼$18.2552-Week Range$12.44▼$18.49Volume598,926 shsAverage Volume582,018 shsMarket Capitalization$1.48 billionP/E RatioN/ADividend Yield4.27%Price Target$17.33Consensus RatingHold Company OverviewElme 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.Read More… The real reason Elon is fully endorsing Trump (Ad)Elon Musk is one of mankind’s greatest innovators. But for all his visionary prowess and contributions to humanity, there is a war being waged on Elon Musk. This war has nothing to do with X, Elon’s stance on immigration or his support for Donald Trump. Watch this new documentary and you’ll discover what Elon knows, Elme Communities Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks22nd Percentile Overall ScoreELME 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. Analyst's Opinion1.1 / 5Analyst RatingHold Consensus RatingElme 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 CoverageElme 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 and Valuation0.6 / 5Proj. Earnings Growth1.06% Earnings GrowthEarnings 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 MarketThe 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. SectorThe 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 RatioElme 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. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted1.91% of the float of Elme Communities has been sold short.Short Interest Ratio / Days to CoverElme 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 monthShort interest in Elme Communities has recently increased by 18.71%, indicating that investor sentiment is decreasing significantly. Dividend1.7 / 5Dividend StrengthWeak Dividend LeadershipElme 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 GrowthElme Communities does not have a long track record of dividend growth.Dividend SustainabilityBased 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. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted1.91% of the float of Elme Communities has been sold short.Short Interest Ratio / Days to CoverElme 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 monthShort interest in Elme Communities has recently increased by 18.71%, indicating that investor sentiment is decreasing significantly. News and Social Media1.9 / 5News Sentiment-0.50 News SentimentElme 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 WeekMarketBeat has tracked 2 news articles for Elme Communities this week, compared to 2 articles on an average week.Search Interest1 people have searched for ELME on MarketBeat in the last 30 days. MarketBeat Follows3 people have added Elme Communities to their MarketBeat watchlist in the last 30 days. Company Ownership1.7 / 5Insider TradingN/A Insider Buying vs. Insider SellingIn the past three months, Elme Communities insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.20% of the stock of Elme Communities is held by insiders.Percentage Held by Institutions87.88% 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. Receive ELME Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Elme Communities and its competitors with MarketBeat's FREE daily newsletter. Email Address ELME Stock News HeadlinesElme Communities (NYSE:ELME) Now Covered by Wolfe ResearchOctober 23, 2024 | americanbankingnews.comElme Communities initiated with a Peer Perform at Wolfe ResearchOctober 22, 2024 | markets.businessinsider.comProtect Your Bank Account with THESE 4 Simple StepsStarting 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.October 31, 2024 | Weiss Ratings (Ad)Wolfe Research Rates Elme Communities Peer Perform Amid 2025 Supply ChallengesOctober 22, 2024 | finance.yahoo.comWolfe Research Initiates Coverage of Elme Communities (ELME) with Peer Perform RecommendationOctober 22, 2024 | msn.comElme Communities to Release Third Quarter 2024 Results on Monday, November 4thOctober 1, 2024 | globenewswire.comWells Fargo Sticks to Their Hold Rating for Elme Communities (ELME)September 13, 2024 | markets.businessinsider.comAnalysts Offer Insights on Real Estate Companies: Federal Realty (FRT), RLJ Lodging (RLJ) and Elme Communities (ELME)August 3, 2024 | markets.businessinsider.comSee More Headlines ELME Stock Analysis - Frequently Asked Questions How have ELME shares performed this year? 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. How were Elme Communities' earnings last quarter? 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. Who are Elme Communities' major shareholders? 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%). How do I buy shares of Elme Communities? 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. What other stocks do shareholders of Elme Communities own? 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 Earnings2/17/2023Ex-Dividend for 10/3 Dividend9/19/2024Dividend Payable10/03/2024Today10/31/2024Next Earnings (Confirmed)11/04/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryTrading Current SymbolNYSE:ELME CUSIPN/A CIK104894 Webwww.elmecommunities.com Phone(202) 774-3200Fax301-984-9610Employees100Year FoundedN/APrice 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 RatingHold Rating Score (0-4)2.25 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($0.62) Trailing P/E RatioN/A Forward P/E Ratio17.95 P/E GrowthN/ANet Income$-52,980,000.00 Net Margins-22.90% Pretax Margin-22.90% Return on Equity-4.70% Return on Assets-2.85% Debt Debt-to-Equity Ratio0.61 Current Ratio0.55 Quick Ratio0.55 Sales & Book Value Annual Sales$235.12 million Price / Sales6.31 Cash Flow$0.45 per share Price / Cash Flow37.19 Book Value$13.14 per share Price / Book1.28Miscellaneous Outstanding Shares88,011,000Free Float86,955,000Market Cap$1.48 billion OptionableOptionable Beta0.90 20 High-Yield Dividend Stocks that Could Ruin Your RetirementAlmost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.Get This Free Report This page (NYSE:ELME) was last updated on 10/31/2024 by MarketBeat.com Staff From Our PartnersTim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT abou...Timothy Sykes | Sponsoredtop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)AI was by far the biggest tech investing trend right now. 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