Elme Communities (ELME) Stock Price, News & Analysis

+0.06 (+0.40%)
(As of 04/24/2024 ET)
Today's Range
50-Day Range
52-Week Range
855,804 shs
Average Volume
707,977 shs
Market Capitalization
$1.32 billion
P/E Ratio
Dividend Yield
Price Target

Elme Communities MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
10.7% Upside
$16.67 Price Target
Short Interest
1.16% of Float Sold Short
Dividend Strength
Based on Four Factors
News Sentiment
Insider Trading
Proj. Earnings Growth
From $0.92 to $0.91 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.08 out of 5 stars

Finance Sector

658th out of 855 stocks

Real Estate Investment Trusts Industry

137th out of 180 stocks

ELME stock logo

About Elme Communities Stock (NYSE:ELME)

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. 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 Stock Price History

ELME Stock News Headlines

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Elme Communities's Dividend Analysis
ELME Apr 2024 12.500 call
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Former Wall Street Insider and Professional Money Manager Reveals 4 Cryptos BETTER Than Bitcoin
ELME Mar 2024 15.000 call
Q4 2023 Elme Communities Earnings Call
Elme Communities declares $0.18 dividend
ELME Feb 2024 12.500 put
JP Morgan Upgrades Elme Communities (ELME)
Healthiest Communities Rankings 2022
Elme Communities ELME
See More Headlines
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Company Calendar

Last Earnings
Ex-Dividend for 4/3 Dividend
Dividend Payable
Next Earnings (Confirmed)
Fiscal Year End

Industry, Sector and Symbol

Real estate investment trusts
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Moderate Buy
Rating Score (0-4)
Research Coverage
2 Analysts


Net Income
Pretax Margin


Sales & Book Value

Annual Sales
$227.91 million
Cash Flow
$0.46 per share
Book Value
$13.14 per share


Free Float
Market Cap
$1.32 billion
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Key Executives

  • Mr. Paul T. McDermott (Age 62)
    Chairman of Board, President & CEO
    Comp: $1.86M
  • Ms. Susan Lilly Gerock
    Senior VP of Information Technology & Chief Information Officer
  • Mr. Steven M. Freishtat
    Executive VP & CFO
  • Ms. Tiffany M. Butcher (Age 45)
    Executive VP & COO
  • Mr. Daniel P. Chappell
    Vice President of Investments
  • Mr. A. Grant Montgomery
    Vice President of Research
  • Mr. Wade Drew Hammond (Age 49)
    Senior VP, Chief Administrative Officer, Treasurer & Corporate Secretary
  • Ms. Amy Hopkins
    Vice President of Investor Relations
  • Mr. Ian Kessler
    Vice President of Human Resources
  • Mr. Stephen Burch

ELME Stock Analysis - Frequently Asked Questions

Should I buy or sell Elme Communities stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Elme Communities in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ELME shares.
View ELME analyst ratings
or view top-rated stocks.

What is Elme Communities' stock price target for 2024?

2 equities research analysts have issued 12-month price targets for Elme Communities' shares. Their ELME share price targets range from $14.00 to $18.00. On average, they predict the company's share price to reach $16.67 in the next year. This suggests a possible upside of 10.7% 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 2024?

Elme Communities' stock was trading at $14.60 at the beginning of the year. Since then, ELME shares have increased by 3.1% and is now trading at $15.05.
View the best growth stocks for 2024 here

Are investors shorting Elme Communities?

Elme Communities saw a drop in short interest in March. As of March 31st, there was short interest totaling 1,000,000 shares, a drop of 7.4% from the March 15th total of 1,080,000 shares. Based on an average daily trading volume, of 688,200 shares, the short-interest ratio is currently 1.5 days. Currently, 1.2% of the shares of the stock are sold short.
View Elme Communities' Short Interest

When is Elme Communities' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our ELME earnings forecast

How can I listen to Elme Communities' earnings call?

Elme Communities will be holding an earnings conference call on Thursday, May 2nd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 919-882-2331 with passcode "50221".

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 the consensus estimate of $55.80 million. Elme Communities had a negative trailing twelve-month return on equity of 4.41% and a negative net margin of 23.25%. Elme Communities's revenue was up 24.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 EPS.

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

Elme Communities announced a quarterly dividend on Thursday, February 15th. Investors of record on Wednesday, March 20th will be given a dividend of $0.18 per share on Wednesday, April 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date is Tuesday, March 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 4.79%. 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 updated its FY 2024 earnings guidance on Friday, February, 16th. The company provided earnings per share guidance of 0.900-0.960 for the period, compared to the consensus estimate of 0.950. The company issued revenue guidance of -.

Who are Elme Communities' major shareholders?

Elme Communities' stock is owned by many different institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (2.49%), Sumitomo Mitsui Trust Holdings Inc. (0.11%), Simplicity Wealth LLC (0.04%), Hunter Perkins Capital Management LLC (0.03%), Carret Asset Management LLC (0.03%) and Folger Nolan Fleming Douglas Capital Management Inc. (0.02%).

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.

This page (NYSE:ELME) was last updated on 4/24/2024 by MarketBeat.com Staff

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