Elme Communities (ELME) Stock Price, News & Analysis $13.44 -0.21 (-1.54%) (As of 05:19 PM ET) Add Compare Share Share Today's Range$13.40▼$13.6850-Day Range$12.56▼$14.2952-Week Range$12.44▼$19.87Volume583,640 shsAverage Volume575,800 shsMarket Capitalization$1.18 billionP/E RatioN/ADividend Yield5.36%Price Target$16.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Elme Communities MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside17.3% Upside$16.00 Price TargetShort InterestHealthy1.70% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.24Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth3.09%From $0.97 to $1.00 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.29 out of 5 starsFinance Sector307th out of 776 stocksReal Estate Investment Trusts Industry68th out of 171 stocks 2.0 Analyst's Opinion Consensus RatingElme Communities has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $16.00, Elme Communities has a forecasted upside of 17.3% from its current price of $13.64.Amount of Analyst CoverageElme Communities has only been the subject of 1 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.70% 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 2.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Elme Communities has recently decreased by 22.22%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipElme Communities is a leading dividend payer. It pays a dividend yield of 5.28%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthElme Communities has only been increasing its dividend for 1 years.Dividend SustainabilityBased on earnings estimates, Elme Communities will have a dividend payout ratio of 72.00% next year. This indicates that Elme Communities will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ELME. Previous Next 2.9 News and Social Media Coverage News SentimentElme Communities has a news sentiment score of 1.24. 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 higher news sentiment than the 0.62 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Elme Communities this week, compared to 1 article on an average week. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Elme Communities insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.10% of the stock of Elme Communities is held by insiders.Percentage Held by Institutions88.48% of the stock of Elme Communities is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Elme Communities are expected to grow by 3.09% in the coming year, from $0.97 to $1.00 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Elme Communities is -22.36, 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 -22.36, 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 0.94. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Elme Communities Stock (NYSE:ELME)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.Read More ELME Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ELME Stock News HeadlinesDecember 9, 2023 | usnews.comHealthiest Communities Rankings 2022December 4, 2023 | newsweek.comAmerica's Best Continuing Care Retirement Communities 2024 - VirginiaDecember 11, 2023 | Edge On The Street (Ad)Is the Biden Administration Ultimately Good for Gold - and Gold Royalties?With spending financed by deficits, increased public debt, and global uncertainty, it's no wonder many gold analysts expect prices to break all-time highs in '24. 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Please read the offering circular at invest.autonomix.comOctober 30, 2023 | gurufocus.comThe Elme Communities (ELME) Company: A Short SWOT AnalysisOctober 29, 2023 | finance.yahoo.comElme Communities (NYSE:ELME) Q3 2023 Earnings Call TranscriptOctober 28, 2023 | finance.yahoo.comQ3 2023 Elme Communities Earnings CallOctober 26, 2023 | msn.comElme Communities FFO of $0.24 in-line, revenue of $56.65M misses by $0.52MOctober 26, 2023 | finance.yahoo.comElme Communities Announces Third Quarter 2023 ResultsOctober 26, 2023 | finance.yahoo.comElme Communities (ELME) Reports Q3 2023 Results: Net Loss of $43.6 MillionOctober 3, 2023 | barrons.comElme CommunitiesOctober 2, 2023 | finance.yahoo.comElme Communities to Release Third Quarter 2023 Results on Thursday, October 26thSeptember 19, 2023 | finance.yahoo.comA Deep Dive into Elme Communities' Dividend PerformanceSeptember 16, 2023 | foxnews.comArizona Dem calls out Biden DHS for dragging feet on helping state's border communitiesSeptember 14, 2023 | benzinga.comMonday Is Your Last Chance To Buy Elme Communities Before The Dividend PayoutSeptember 12, 2023 | msn.comWells Fargo Maintains Elme Communities (ELME) Equal-Weight RecommendationAugust 30, 2023 | markets.businessinsider.comTruist Financial Sticks to Its Hold Rating for Elme Communities (ELME)August 24, 2023 | seekingalpha.comELME Communities: Executing On Transformation Efforts, Shares Fairly ValuedAugust 2, 2023 | finance.yahoo.comQ2 2023 Elme Communities Earnings CallJuly 31, 2023 | washingtonpost.comElme: Q2 Earnings SnapshotJuly 31, 2023 | finance.yahoo.comElme Communities Announces Second Quarter 2023 ResultsJune 28, 2023 | finance.yahoo.comElme Communities Appoints Chief Operating OfficerSee More Headlines 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 Company Calendar Last Earnings2/17/2023Ex-Dividend for 10/4 Dividend9/19/2023Dividend Payable10/04/2023Today12/11/2023Ex-Dividend for 1/4 Dividend12/20/2023Fiscal Year End12/31/2023Dividend Payable1/04/2024Next Earnings (Estimated)2/15/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryN/A SectorFinance Current SymbolNYSE:ELME CUSIPN/A CIK104894 Webwww.elmecommunities.com Phone(202) 774-3200Fax301-984-9610Employees102Year FoundedN/APrice Target and Rating Average Stock Price Target$16.00 High Stock Price Target$18.00 Low Stock Price Target$14.00 Potential Upside/Downside+17.2%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($0.61) Trailing P/E RatioN/A Forward P/E Ratio14.07 P/E GrowthN/ANet Income$-30,870,000.00 Net Margins-23.77% Pretax Margin-23.77% Return on Equity-4.35% Return on Assets-2.86% Debt Debt-to-Equity Ratio0.57 Current Ratio0.63 Quick Ratio0.63 Sales & Book Value Annual Sales$224.65 million Price / Sales5.34 Cash Flow$0.74 per share Price / Cash Flow18.41 Book Value$14.44 per share Price / Book0.95Miscellaneous Outstanding Shares87,833,000Free Float86,867,000Market Cap$1.20 billion OptionableOptionable Beta0.96 Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key ExecutivesMr. Paul T. McDermott (Age 61)Chairman of Board, President & CEO Comp: $1.86MMs. Susan Lilly GerockSenior VP of Information Technology & Chief Information OfficerMr. Steven FreishtatExecutive VP & CFOMs. Tiffany M. Butcher (Age 44)Executive VP & COO Mr. Wade Drew Hammond (Age 48)Senior VP, Chief Accounting Officer, Chief Administrative Officer & Corporate Secretary Ms. Amy HopkinsVice President of Investor RelationsMr. Ian KesslerVice President of Human ResourcesMr. Eric TildenSenior Director of ESGMr. Stephen BurchControllerMore ExecutivesKey CompetitorsChimera InvestmentNYSE:CIMEasterly Government PropertiesNYSE:DEANETSTREITNYSE:NTSTAlexander & BaldwinNYSE:ALEXFranklin BSP Realty TrustNYSE:FBRTView All CompetitorsInstitutional OwnershipAmerican Century Companies Inc.Bought 1,189 shares on 11/30/2023Ownership: 0.026%Public Sector Pension Investment BoardSold 47,160 shares on 11/22/2023Ownership: 0.124%Public Employees Retirement System of OhioBought 9,486 shares on 11/16/2023Ownership: 0.145%Employees Retirement System of TexasBought 90,000 shares on 11/16/2023Ownership: 0.102%Toroso Investments LLCBought 2,872 shares on 11/15/2023Ownership: 0.040%View All Institutional Transactions ELME Stock Analysis - Frequently Asked Questions Should I buy or sell Elme Communities stock right now? 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Elme Communities in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street research 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 target for 2024? 3 brokerages have issued 12-month price objectives for Elme Communities' stock. Their ELME share price targets range from $14.00 to $18.00. On average, they predict the company's share price to reach $16.00 in the next year. This suggests a possible upside of 17.3% 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 on January 1st, 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 decrease in short interest during the month of November. As of November 15th, there was short interest totaling 1,470,000 shares, a decrease of 22.2% from the October 31st total of 1,890,000 shares. Based on an average daily volume of 592,800 shares, the short-interest ratio is presently 2.5 days. Approximately 1.7% of the shares of the stock 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, February 15th 2024. View our ELME earnings forecast. How were Elme Communities' earnings last quarter? Elme Communities (NYSE:ELME) released its quarterly earnings data 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 company had revenue of $55.59 million for the quarter, compared to analyst estimates of $55.80 million. Elme Communities had a negative net margin of 23.77% and a negative trailing twelve-month return on equity of 4.35%. Elme Communities's revenue was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 EPS. How often does Elme Communities pay dividends? What is the dividend yield for Elme Communities? Elme Communities declared a quarterly dividend on Thursday, October 26th. Shareholders of record on Thursday, December 21st will be paid a dividend of $0.18 per share on Thursday, January 4th. This represents a $0.72 annualized dividend and a dividend yield of 5.28%. The ex-dividend date of this dividend is Wednesday, December 20th. 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 ETFs hold Elme Communities' stock? ETFs with the largest weight of Elme Communities (NYSE:ELME) stock in their portfolio include Kelly Residential & Apartment Real Estate ETF (RESI), Residential REIT ETF (HAUS), Invesco Active U.S. Real Estate ETF (PSR), Nuveen Short-Term REIT ETF (NURE), SP Funds S&P Global REIT Sharia ETF (SPRE), ETFB Green SRI REITs ETF (RITA) and iShares Residential and Multisector Real Estate ETF (REZ).Fidelity Real Estate Investment ETF (FPRO). What guidance has Elme Communities issued on next quarter's earnings? Elme Communities updated its FY23 earnings guidance on Thursday, October, 26th. The company provided earnings per share (EPS) guidance of $0.97-0.99 for the period, compared to the consensus EPS estimate of $0.98. Who are Elme Communities' major shareholders? Elme Communities' stock is owned by a number of institutional and retail investors. Top institutional investors include FMR LLC (5.81%), Allspring Global Investments Holdings LLC (2.44%), William Blair Investment Management LLC (1.94%), Charles Schwab Investment Management Inc. (1.72%), Northern Trust Corp (1.25%) and Citigroup Inc. (1.21%). 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. 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