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NYSE:ELME

Elme Communities (ELME) Stock Forecast, Price & News

$13.48
-0.16 (-1.17%)
(As of 01:14 PM ET)
Compare
Today's Range
$13.45
$13.63
50-Day Range
$13.50
$16.46
52-Week Range
$13.43
$20.24
Volume
208,277 shs
Average Volume
573,631 shs
Market Capitalization
$1.18 billion
P/E Ratio
N/A
Dividend Yield
5.34%
Price Target
$16.50

Elme Communities MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
22.6% Upside
$16.50 Price Target
Short Interest
Healthy
1.77% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.62mentions of Elme Communities in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.06%
From $0.98 to $1.01 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.03 out of 5 stars

Finance Sector

670th out of 878 stocks

Real Estate Investment Trusts Industry

146th out of 183 stocks


ELME stock logo

About Elme Communities (NYSE:ELME) Stock

Elme Communities (formerly known as Washington Real Estate Investment Trust or WashREIT) 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 8,900 apartment homes in the Washington, DC metro and the Sunbelt, 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 Price History

ELME Stock News Headlines

A Deep Dive into Elme Communities' Dividend Performance
Nuclear Revival Creates Opportunities for Uranium
Uranium companies set to benefit from increased demand for clean energy.
Truist Financial Sticks to Its Hold Rating for Elme Communities (ELME)
Q2 2023 Elme Communities Earnings Call
Nuclear Revival Creates Opportunities for Uranium
Uranium companies set to benefit from increased demand for clean energy.
Elme: Q2 Earnings Snapshot
Elme Communities Appoints Chief Operating Officer
Elme Communities Issues 2023 ESG Report
Q1 2023 Elme Communities Earnings Call
Elme: Q1 Earnings Snapshot
Elme Communities Announces First Quarter 2023 Results
Elme Communities goes ex-dividend tomorrow
See More Headlines
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ELME Company Calendar

Last Earnings
2/17/2023
Ex-Dividend for 7/6 Dividend
6/21/2023
Dividend Payable
7/06/2023
Ex-Dividend for 10/4 Dividend
9/19/2023
Today
10/02/2023
Dividend Payable
10/04/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Employees
102
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$16.50
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$15.00
Forecasted Upside/Downside
+21.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$-30,870,000.00
Pretax Margin
-9.22%

Debt

Sales & Book Value

Annual Sales
$209.38 million
Cash Flow
$0.74 per share
Book Value
$14.44 per share

Miscellaneous

Free Float
86,857,000
Market Cap
$1.20 billion
Optionable
Optionable
Beta
0.98
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Key Executives

  • Mr. Paul T. McDermott (Age 61)
    Chairman of Board, Pres & CEO
    Comp: $1.86M
  • Ms. Susan Lilly Gerock
    Sr. VP of Information Technology & Chief Information Officer
  • Mr. Steven Freishtat
    Exec. VP & CFO
  • Ms. Tiffany M. Butcher (Age 44)
    Exec. VP & COO
  • Mr. Wade Drew Hammond (Age 48)
    Sr. VP, Chief Accounting Officer, Chief Admin. Officer & Corp. Sec.
  • Ms. Amy Hopkins
    VP of Investor Relations
  • Mr. Ian Kessler
    VP of HR
  • Mr. Eric Tilden
    Sr. Director of ESG
  • Mr. Stephen Burch
    Controller













ELME Stock - Frequently Asked Questions

Should I buy or sell Elme Communities stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Elme Communities in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ELME shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ELME, but not buy additional shares or sell existing shares.
View ELME analyst ratings
or view top-rated stocks.

What is Elme Communities' stock price forecast for 2023?

3 analysts have issued 12-month price objectives for Elme Communities' shares. Their ELME share price forecasts range from $15.00 to $18.00. On average, they predict the company's share price to reach $16.50 in the next twelve months. This suggests a possible upside of 21.0% from the stock's current price.
View analysts price targets for ELME
or view top-rated stocks among Wall Street analysts.

How have ELME shares performed in 2023?

Elme Communities' stock was trading at $17.80 at the beginning of 2023. Since then, ELME stock has decreased by 23.4% and is now trading at $13.64.
View the best growth stocks for 2023 here
.

Are investors shorting Elme Communities?

Elme Communities saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,530,000 shares, an increase of 5.5% from the August 31st total of 1,450,000 shares. Based on an average trading volume of 561,500 shares, the days-to-cover ratio is currently 2.7 days. Currently, 1.8% of the shares of the company are short sold.
View Elme Communities' Short Interest
.

When is Elme Communities' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our ELME earnings forecast
.

How were Elme Communities' earnings last quarter?

Elme Communities (NYSE:ELME) issued its earnings results on Friday, February, 17th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.25 by $0.29. The firm earned $55.59 million during the quarter, compared to analysts' expectations of $55.80 million. Elme Communities had a negative net margin of 9.22% and a negative trailing twelve-month return on equity of 1.63%. Elme Communities's revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.17 earnings per share.

How often does Elme Communities pay dividends? What is the dividend yield for Elme Communities?

Elme Communities declared a quarterly dividend on Monday, July 31st. Stockholders of record on Wednesday, September 20th will be given a dividend of $0.18 per share on Wednesday, October 4th. This represents a $0.72 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date is Tuesday, September 19th.
Read our dividend analysis for ELME
.

Is Elme Communities a good dividend stock?

Elme Communities (NYSE:ELME) pays an annual dividend of $0.72 per share and currently has a dividend yield of 5.28%. ELME has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for ELME.

What guidance has Elme Communities issued on next quarter's earnings?

Elme Communities issued an update on its FY 2023 earnings guidance on Tuesday, August, 1st. The company provided earnings per share guidance of $0.96-$1.00 for the period, compared to the consensus earnings per share estimate of $0.98. The company issued revenue guidance of -.

What is Elme Communities' stock symbol?

Elme Communities trades on the New York Stock Exchange (NYSE) under the ticker symbol "ELME."

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Elme Communities' stock price today?

One share of ELME stock can currently be purchased for approximately $13.64.

How much money does Elme Communities make?

Elme Communities (NYSE:ELME) has a market capitalization of $1.20 billion and generates $209.38 million in revenue each year. The company earns $-30,870,000.00 in net income (profit) each year or ($0.23) on an earnings per share basis.

How many employees does Elme Communities have?

The company employs 102 workers across the globe.

How can I contact Elme Communities?

Elme Communities' mailing address is 1775 EYE STREET NW SUITE 1000, WASHINGTON DC, 20006. The official website for the company is www.elmecommunities.com. The company can be reached via phone at (202) 774-3200, via email at ahopkins@washreit.com, or via fax at 301-984-9610.

This page (NYSE:ELME) was last updated on 10/2/2023 by MarketBeat.com Staff

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