Elme Communities (NYSE:ELME - Get Free Report) is anticipated to release its Q1 2025 earnings data after the market closes on Thursday, May 1st. Analysts expect the company to announce earnings of $0.23 per share and revenue of $61.31 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 announced its quarterly earnings data on Thursday, February 13th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.26. Elme Communities had a negative net margin of 5.42% and a negative return on equity of 1.18%. 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 Stock Performance
Shares of Elme Communities stock traded down $0.18 on Tuesday, reaching $15.46. 60,166 shares of the company traded hands, compared to its average volume of 579,138. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.58 and a quick ratio of 0.55. The firm has a market capitalization of $1.36 billion, a PE ratio of -110.43 and a beta of 0.84. The company has a 50 day moving average of $16.47 and a 200 day moving average of $16.15. Elme Communities has a 52 week low of $13.95 and a 52 week high of $18.49.
Elme Communities Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 4.66%. The ex-dividend date was Wednesday, March 19th. Elme Communities's dividend payout ratio (DPR) is -514.29%.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on ELME. Wells Fargo & Company increased their price target on Elme Communities from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 20th. Truist Financial upgraded shares of Elme Communities from a "hold" rating to a "buy" rating in a research note on Friday, January 17th.
Read Our Latest Research Report on ELME
About Elme Communities
(
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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.
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