Elme Communities (ELME) Stock Forecast, Price & News

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.
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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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our ELME earnings forecast.

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.

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.

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).

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.

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 -.

Elme Communities trades on the New York Stock Exchange (NYSE) under the ticker symbol "ELME."

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.
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One share of ELME stock can currently be purchased for approximately $13.64.

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.

The company employs 102 workers across the globe.

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.