NYSE:ELME Elme Communities (ELME) Stock Forecast, Price & News $13.48 -0.16 (-1.17%) (As of 01:14 PM ET) Add Compare Share Share Today's Range$13.45▼$13.6350-Day Range$13.50▼$16.4652-Week Range$13.43▼$20.24Volume208,277 shsAverage Volume573,631 shsMarket Capitalization$1.18 billionP/E RatioN/ADividend Yield5.34%Price Target$16.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Elme Communities MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside22.6% Upside$16.50 Price TargetShort InterestHealthy1.77% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.62Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth3.06%From $0.98 to $1.01 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.2.03 out of 5 starsFinance Sector670th out of 878 stocksReal Estate Investment Trusts Industry146th out of 183 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 $16.50, Elme Communities has a forecasted upside of 22.6% from its current price of $13.46.Amount of Analyst CoverageElme Communities has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.77% 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 2.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Elme Communities has recently increased by 5.52%, indicating that investor sentiment is decreasing 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 does not have a long track record of dividend growth.Dividend SustainabilityBased on earnings estimates, Elme Communities will have a dividend payout ratio of 71.29% 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 2.6 News and Social Media Coverage News SentimentElme Communities has a news sentiment score of 0.62. 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 news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Elme Communities this week, compared to 1 article on an average week.MarketBeat Follows1 people have added Elme Communities to their MarketBeat watchlist in the last 30 days. 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 3.06% in the coming year, from $0.98 to $1.01 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Elme Communities is -58.52, 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 -58.52, 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 0.93. 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 (NYSE:ELME) StockElme 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 Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ELME Stock News HeadlinesSeptember 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 communitiesOctober 2, 2023 | PressReach (Ad)Nuclear Revival Creates Opportunities for UraniumUranium companies set to benefit from increased demand for clean energy.September 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 CallOctober 2, 2023 | PressReach (Ad)Nuclear Revival Creates Opportunities for UraniumUranium companies set to benefit from increased demand for clean energy.July 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 OfficerJune 26, 2023 | finance.yahoo.comElme Communities to Release Second Quarter 2023 Results on Monday, July 31stJune 20, 2023 | msn.comElme Communities: Investing In Smart Technologies To Grow FFOJune 14, 2023 | msn.comHotel near Wisbech sold to developer for £1.9m as conversion plannedMay 24, 2023 | finance.yahoo.comElme Communities Issues 2023 ESG ReportApril 29, 2023 | msn.comElme Communities (ELME) Declares $0.18 DividendApril 29, 2023 | finance.yahoo.comQ1 2023 Elme Communities Earnings CallApril 27, 2023 | apnews.comElme: Q1 Earnings SnapshotApril 27, 2023 | finance.yahoo.comElme Communities Announces First Quarter 2023 ResultsApril 13, 2023 | finance.yahoo.comElme Communities to Release First Quarter 2023 Results on Thursday, April 27thMarch 23, 2023 | seekingalpha.comElme Communities: Delivering Results But Richly ValuedDecember 20, 2022 | seekingalpha.comElme Communities goes ex-dividend tomorrowSee 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 ELME Company Calendar Last Earnings2/17/2023Ex-Dividend for 7/6 Dividend6/21/2023Dividend Payable7/06/2023Ex-Dividend for 10/4 Dividend9/19/2023Today10/02/2023Dividend Payable10/04/2023Next Earnings (Estimated)10/26/2023Fiscal Year End12/31/2023Get 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 Forecast$16.50 High Stock Price Forecast$18.00 Low Stock Price Forecast$15.00 Forecasted Upside/Downside+21.0%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($0.23) Trailing P/E RatioN/A Forward P/E Ratio13.92 P/E GrowthN/ANet Income$-30,870,000.00 Net Margins-9.22% Pretax Margin-9.22% Return on Equity-1.63% Return on Assets-1.10% Debt Debt-to-Equity Ratio0.44 Current Ratio0.63 Quick Ratio0.63 Sales & Book Value Annual Sales$209.38 million Price / Sales5.72 Cash Flow$0.74 per share Price / Cash Flow18.39 Book Value$14.44 per share Price / Book0.94Miscellaneous Outstanding Shares87,820,000Free Float86,857,000Market Cap$1.20 billion OptionableOptionable Beta0.98 Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.Get This Free Report Key ExecutivesMr. Paul T. McDermott (Age 61)Chairman of Board, Pres & CEO Comp: $1.86MMs. Susan Lilly GerockSr. VP of Information Technology & Chief Information OfficerMr. Steven FreishtatExec. VP & CFOMs. 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 HopkinsVP of Investor RelationsMr. Ian KesslerVP of HRMr. Eric TildenSr. Director of ESGMr. Stephen BurchControllerMore ExecutivesKey CompetitorsAlexander & BaldwinNYSE:ALEXCoreCivicNYSE:CXWService Properties TrustNASDAQ:SVCEmpire State Realty TrustNYSE:ESRTTwo Harbors InvestmentNYSE:TWOView All CompetitorsInstitutional OwnershipCalifornia State Teachers Retirement SystemSold 2,990 shares on 8/21/2023Ownership: 0.121%Osaic Holdings Inc.Sold 672 shares on 8/21/2023Ownership: 0.005%Nuveen Asset Management LLCBought 676,843 shares on 8/16/2023Ownership: 1.333%Colony Group LLCSold 2,460 shares on 8/15/2023Ownership: 0.056%Citadel Advisors LLCBought 400 shares on 8/15/2023Ownership: 0.000%View All Institutional Transactions 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. 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). 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Elme Communities Please log in to your account or sign up in order to add this asset to your watchlist. 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