NYSE:ELME Elme Communities (ELME) Stock Price, News & Analysis $16.92 +0.38 (+2.30%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$16.53▼$16.9850-Day Range$15.07▼$16.7852-Week Range$12.44▼$16.98Volume469,370 shsAverage Volume638,168 shsMarket Capitalization$1.49 billionP/E RatioN/ADividend Yield4.26%Price Target$16.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Elme Communities alerts: Email Address Elme Communities MarketRank™ Stock AnalysisAnalyst RatingHold2.33 Rating ScoreUpside/Downside5.4% Downside$16.00 Price TargetShort InterestHealthy1.96% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.56Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth-1.08%From $0.93 to $0.92 Per ShareSee Full Details Hide Full Details 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.0.58 out of 5 starsFinance Sector860th out of 898 stocksReal Estate Investment Trusts Industry173rd out of 181 stocks 1.2 Analyst's Opinion Consensus RatingElme Communities has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageElme Communities has only been the subject of 1 research reports in the past 90 days.Read more about Elme Communities' stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.96% 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 3, 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 0.59%, indicating that investor sentiment is decreasing. Previous Next 1.7 Dividend Strength Dividend LeadershipElme Communities is a leading dividend payer. It pays a dividend yield of 4.29%, 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 EPS estimates, Elme Communities will have a dividend payout ratio of 78.26% in the coming year. This indicates that Elme Communities may not be able to sustain their current dividend.Read more about Elme Communities' 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 2.5 News and Social Media Coverage News SentimentElme Communities has a news sentiment score of 0.56. 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 5 news articles for Elme Communities this week, compared to 2 articles on an average week.MarketBeat Follows2 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 1.20% of the stock of Elme Communities is held by insiders.Percentage Held by Institutions87.88% of the stock of Elme Communities is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Elme Communities' insider trading history. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for Elme Communities are expected to decrease by -1.08% in the coming year, from $0.93 to $0.92 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Elme Communities is -27.74, 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 -27.74, 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 1.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Elme Communities' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Weiss RatingsThe next companies to potentially benefit thanks to Nvidia are …Nvidia is pivoting to a new $1 trillion Superproject that could revolutionize the AI industry… again. And it’s enlisting a whole new set of partners.Click here to learn more. 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.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 HeadlinesJuly 24 at 10:16 PM | nz.finance.yahoo.comElme Communities (ELME) latest stock news & headlines – Yahoo FinanceJuly 24 at 10:16 PM | nz.finance.yahoo.comElme Communities (ELME) interactive stock chart – Yahoo FinanceJuly 26, 2024 | Porter & Company (Ad)We recommended Nvidia in 2016, now we’re recommending this…The AI boom is just getting started. And the real wealth has still to be made…July 18, 2024 | seekingalpha.comElme Communities: Not Worth The RisksJuly 11, 2024 | globenewswire.comElme Communities Announces New $500 Million Credit FacilityJune 24, 2024 | globenewswire.comElme Communities to Release Second Quarter 2024 Results on Thursday, August 1stMay 15, 2024 | markets.businessinsider.comElme Communities (ELME): Hold Rating Amid Mixed Valuation and Near-Term ConcernsMay 9, 2024 | investorplace.com7 Low-Cost Dividend Stocks to Boost Your PortfolioJuly 26, 2024 | Porter & Company (Ad)We recommended Nvidia in 2016, now we’re recommending this…The AI boom is just getting started. And the real wealth has still to be made…May 6, 2024 | finance.yahoo.comElme Communities (NYSE:ELME) Q1 2024 Earnings Call TranscriptMay 5, 2024 | seekingalpha.comElme Communities 2024 Q1 - Results - Earnings Call PresentationMay 4, 2024 | finance.yahoo.comQ1 2024 Elme Communities Earnings CallMay 3, 2024 | finance.yahoo.comElme Communities (ELME) Q1 2024 Earnings Call Transcript Highlights: Navigating Market ...May 1, 2024 | investorplace.comELME Stock Earnings: Elme Communities Beats EPS, Beats Revenue for Q1 2024May 1, 2024 | msn.comElme Communities reports Q1 results; reaffirms FY24 outlookMay 1, 2024 | finance.yahoo.comElme Communities Reports Q1 2024 Earnings: A Detailed ExaminationMay 1, 2024 | globenewswire.comElme Communities Announces First Quarter 2024 ResultsApril 11, 2024 | markets.businessinsider.comElme Communities: Balancing Market Strengths Against Operational Challenges – A Hold Rating AnalysisSee 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 7/3 Dividend6/20/2024Dividend Payable7/03/2024Today7/26/2024Next Earnings (Confirmed)8/01/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryTrading Current SymbolNYSE:ELME CUSIPN/A CIK104894 Webwww.elmecommunities.com Phone(202) 774-3200Fax301-984-9610Employees100Year 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-5.5%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($0.61) Trailing P/E RatioN/A Forward P/E Ratio18.22 P/E GrowthN/ANet Income$-52,980,000.00 Net Margins-22.88% Pretax Margin-22.88% Return on Equity-4.51% Return on Assets-2.82% Debt Debt-to-Equity Ratio0.60 Current Ratio0.64 Quick Ratio0.64 Sales & Book Value Annual Sales$231.62 million Price / Sales6.44 Cash Flow$0.47 per share Price / Cash Flow36.23 Book Value$13.14 per share Price / Book1.29Miscellaneous Outstanding Shares88,004,000Free Float86,948,000Market Cap$1.49 billion OptionableOptionable Beta0.89 These 7 Stocks Will Be Magnificent in 2024With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.Get This Free Report Key ExecutivesMr. Paul T. McDermott (Age 62)Chairman of Board, President & CEO Comp: $1.73MMr. Steven M. Freishtat (Age 49)Executive VP & CFO Comp: $573.75kMs. Tiffany M. Butcher (Age 45)Executive VP & COO Comp: $619.35kMs. Susan Lilly Gerock (Age 57)Senior VP of Information Technology & Chief Information Officer Comp: $559.16kMr. Wade Drew Hammond (Age 49)Senior VP, Chief Administrative Officer, Treasurer & Corporate Secretary Comp: $513.94kMr. Daniel P. ChappellVice President of InvestmentsMr. A. Grant MontgomeryVice President of ResearchMs. Amy HopkinsVice President of Investor RelationsMore ExecutivesKey CompetitorsApartment Income REITNYSE:AIRCRithm CapitalNYSE:RITMVornado Realty TrustNYSE:VNOEssential Properties Realty TrustNYSE:EPRTKite Realty Group TrustNYSE:KRGView All CompetitorsInstitutional OwnershipAllspring Global Investments Holdings LLCSold 82,543 shares on 7/26/2024Ownership: 2.391%Bank of New York Mellon CorpBought 11,802 shares on 7/26/2024Ownership: 0.922%LDR Capital Management LLCBought 23,043 shares on 7/26/2024Ownership: 0.026%Louisiana State Employees Retirement SystemBought 800 shares on 7/24/2024Ownership: 0.050%Fifth Third BancorpBought 1,494 shares on 7/22/2024Ownership: 0.002%View All Institutional Transactions ELME Stock Analysis - Frequently Asked Questions How have ELME shares performed this year? Elme Communities' stock was trading at $14.60 at the beginning of the year. Since then, ELME stock has increased by 15.9% and is now trading at $16.92. View the best growth stocks for 2024 here. How were Elme Communities' earnings last quarter? Elme Communities (NYSE:ELME) issued its earnings results on Friday, February, 17th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.29. The business's revenue for the quarter was up 24.2% compared to the same quarter last year. Who are Elme Communities' major shareholders? Elme Communities' top institutional shareholders include Allspring Global Investments Holdings LLC (2.39%), Bank of New York Mellon Corp (0.92%), Hunter Perkins Capital Management LLC (0.37%) and TCW Group Inc. (0.14%). 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. 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