Elme Communities (ELME) Expected to Announce Quarterly Earnings on Tuesday

Key Points

• Elme Communities is expected to announce its Q2 2025 earnings on August 5th, with analysts predicting earnings of $0.23 per share and revenue of $61.63 million.
• The company's stock price increased by 0.7%, trading at $15.77, while it has experienced a 12-month range between $13.95 and $18.49.
• Elme Communities recently paid a quarterly dividend of $0.18, resulting in a 4.56% yield, although its dividend payout ratio is currently negative at -480.00%.

Elme Communities (NYSE:ELME - Get Free Report) will likely be releasing its Q2 2025 earnings data after the market closes on Tuesday, August 5th. Analysts expect Elme Communities to post earnings of $0.23 per share and revenue of $61.63 million for the quarter. Elme Communities has set its FY 2025 guidance at 0.910-0.970 EPS.

Elme Communities (NYSE:ELME - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. The business had revenue of $61.49 million for the quarter, compared to analysts' expectations of $61.31 million. Elme Communities had a negative net margin of 5.79% and a negative return on equity of 1.30%. The company's quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share. On average, analysts expect Elme Communities to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Elme Communities Trading Down 2.8%

ELME stock traded down $0.45 during midday trading on Wednesday, reaching $15.39. 1,016,440 shares of the company's stock traded hands, compared to its average volume of 568,279. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.68 and a quick ratio of 0.68. The business has a 50-day moving average price of $16.08 and a two-hundred day moving average price of $16.06. The company has a market capitalization of $1.36 billion, a P/E ratio of -102.59 and a beta of 0.97. Elme Communities has a fifty-two week low of $13.95 and a fifty-two week high of $18.49.

Elme Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Tuesday, June 17th were paid a dividend of $0.18 per share. The ex-dividend date was Tuesday, June 17th. This represents a $0.72 annualized dividend and a yield of 4.68%. Elme Communities's payout ratio is -480.00%.

Institutional Investors Weigh In On Elme Communities

Several institutional investors have recently bought and sold shares of ELME. Jane Street Group LLC lifted its holdings in Elme Communities by 170.3% in the 1st quarter. Jane Street Group LLC now owns 101,800 shares of the company's stock valued at $1,771,000 after acquiring an additional 64,137 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Elme Communities by 6.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 638,149 shares of the company's stock worth $11,104,000 after buying an additional 40,722 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Elme Communities by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,358 shares of the company's stock worth $911,000 after buying an additional 2,315 shares during the last quarter. Institutional investors and hedge funds own 87.88% of the company's stock.

About Elme Communities

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.