NYSE:ELME

Elme Communities (ELME) Stock Price, News & Analysis

$15.05
+0.06 (+0.40%)
(As of 04/24/2024 ET)
Today's Range
$14.77
$15.15
50-Day Range
$12.78
$15.27
52-Week Range
$12.44
$17.87
Volume
855,804 shs
Average Volume
707,977 shs
Market Capitalization
$1.32 billion
P/E Ratio
N/A
Dividend Yield
4.78%
Price Target
$16.67

Elme Communities MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
10.7% Upside
$16.67 Price Target
Short Interest
Healthy
1.16% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-1.09%
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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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
2/17/2023
Ex-Dividend for 4/3 Dividend
3/19/2024
Dividend Payable
4/03/2024
Today
4/24/2024
Next Earnings (Confirmed)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Employees
243
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$16.67
High Stock Price Target
$18.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+10.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-52,980,000.00
Pretax Margin
-23.25%

Debt

Sales & Book Value

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

Miscellaneous

Free Float
87,035,000
Market Cap
$1.32 billion
Optionable
Optionable
Beta
0.91
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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
    Controller

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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